HOME buyers will now have greater flexibility to use their CPF when buying older homes as long as the remaining lease of the property can cover the buyer until they turn at least 95 years of age.
If the remaining lease of the property is at least 20 years and covers the buyer until they turn 95 years of age, buyers can use their CPF to pay for the property up to the valuation limit of the property. This applies to both HDB flats and private property. There will still be a minimum lease requirement for the use of CPF for property purchases - this is being lowered to 20 years from the current 30 years.
Source: News Formal (newsformal.com)
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