Impact of a Central Provident Fund cut back on housing affordability and cost competitiveness.
Chin, Lilian Sui Li.
Teo, Kelvin Kim Guan.
Date of Issue1999
College of Business (Nanyang Business School)
The chief purpose of this report is to conduct a descriptive study to estimate the impact of a Central Provident Fund (CPF) rate cut on the Singapore economy. Cost-cutting measures adopted by the Government were studied and their impact on three aspects of the Singapore economy projected. The analysis shows that a cut in CPF savings would lead to lower consumption levels and higher voluntary savings. Such a move would also reduce housing affordability.
Final Year Project (FYP)
Nanyang Technological University