‘LPPSA borrowers can defer payments on houses under construction'

PARLIAMENT l Borrowers who took the Public Sector Housing Financing Board (LPPSA) loan can enjoy a 24-month deferment period for houses on land that are still under construction.

Deputy Finance Minister II Steven Sim said a 36-month deferment period is given to borrowers who buy high-rise apartments or until the disbursement of the housing development payment to the developer reaches 95 percent, whichever is earlier.

In other words, borrowers do not actually have to...