I suggest that employee contribution to CPF should be optional. Currently, the employees are forced to contribute 20% of salary to the CPF.
They can use the saving to buy a new HDB flat or a resale flat with more than 60 years of lease. This can be too expensive for them.
If they are given the option to opt out of contributing to CPF, they can use the money to buy a resale flat of shorter lease, or to rent a flat.
I also suggest that the government should make more HDB flats available for rental. These flats can be partly subsidized, similar to the grant given to first time buyers of new flats. Maybe, the subsidy should be 20%.
If young people are allowed to rent partly subsided flats, they may be able to get married earlier and have children.
They can use the saving to buy a new HDB flat or a resale flat with more than 60 years of lease. This can be too expensive for them.
If they are given the option to opt out of contributing to CPF, they can use the money to buy a resale flat of shorter lease, or to rent a flat.
I also suggest that the government should make more HDB flats available for rental. These flats can be partly subsidized, similar to the grant given to first time buyers of new flats. Maybe, the subsidy should be 20%.
If young people are allowed to rent partly subsided flats, they may be able to get married earlier and have children.
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