I refer to the article “New flats affordable for most buyers, says Mah” (ST, Apr 25).
It states that “A couple below the age of 30 needs to pay only a 5 per cent down payment for a new flat. This can come out of their CPF savings.
So, a couple earning a combined $4,000 a month can work for half a year and buy a new four-room HDB flat with no cash upfront, said Mr Mah “.
I think the Minister may have made an erroneous calculation. Full story
