CENTRAL PROVIDENT FUND CONTRIBUTIONS (Purchase of Jurong Town Corporation's executive flats)

Mr Ho Kah Leong asked the Minister for Finance if he will request the Jurong Town Corporation to consider the utilisation of contributions to the Central Provident Fund for the purchase of the Corporation's executive flats in Jurong Town.

Mr Tang See Chim (for the Minister for Finance): Mr Govindasamy, Sir, the Central Provident Fund Approved Housing Scheme Regulations, 1968, permit contributors to the Fund to use their contributions towards the purchase of Housing Board and Jurong Town Corporation flats. The scheme was introduced specifically to assist Singapore citizens, whose family income is below $1,500 a month, to own public low-cost houses. There would, therefore, be no objection to persons qualified under the scheme to use their contributions towards the purchase of the Corporation's executive flats in Jurong Town.