About 556,000 CPF members use their CPF savings to service the loans for their HDB flats and 88 per cent of them are covered under the Home Protection Scheme (HPS). In a written reply, National Development Minister Mah Bow Tan said HPS is a mortgage-reducing insurance scheme. It protects HDB households against the loss of their flats should the breadwinner pass away or become incapacitated before the...
