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Thread: Must know about Buying an old leasehold property

  1. #1
    Join Date
    Feb 2008
    Posts
    393

    Default Must know about Buying an old leasehold property

    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.

  2. #2
    Join Date
    Aug 2013
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    1

    Default

    " you cannot just buy any old leasehold property." Why its so???






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    Last edited by alon; 14th January 2015 at 02:00 PM.

  3. #3
    Join Date
    Feb 2008
    Posts
    393

    Default

    Quote Originally Posted by alon View Post
    " 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.

  4. #4
    Join Date
    Jan 2007
    Posts
    181

    Default

    Thanks for the explanation happylalapo

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