CPF is meant for Singaporeans’ retirement.
However, PAP has legislated almost 2/3 of monthly CPF contribution for housing, mostly for the purchase of a depreciating HDB lease.
Retirement savings invested in depreciating lease = Saving for retirement?
Or using CPF to pay HDB/bank loan interest = Saving for retirement?
Who so stupid still believe PAP helps CPF members save for retirement, keechiu!