Rehda wants more EPF funds freed for property down payment

The Real Estate and Housing Developers' Association (Rehda) has proposed that the government allow home buyers to use more money from their Employees Provident Fund (EPF) for the down payment of the property.

Rehda president Soam Heng Choon (above) suggested that the EPF contribution to Account 2, which can be used for property downpayment, be increased from 30 percent to 50 percent...