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happylalapo
26th June 2012, 03:39 PM
You can use CPF savings only if the property has a remaining lease of at least 30 years.

However, you cannot just buy any old leasehold property. Another consideration is that the remaining lease must be at least enough to cover you until you reach 80 years old.

That is, if you are 35 years old, the property must have a remaining lease of at least 45 years at the point of purchase.

In join purchases, the age of the youngest owner using CPF will be use to determine the minimum lease required.

alon
30th August 2013, 12:37 PM
" you cannot just buy any old leasehold property." Why its so???






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happylalapo
30th August 2013, 07:39 PM
" you cannot just buy any old leasehold property." Why its so???

My reference is to using CPF to purchase.

If you are thinking of buying with cash than anything is okay. :joyous:

McMuffin
8th September 2013, 12:13 AM
Thanks for the explanation happylalapo :)