Hi Mrs Tan,
This is only applicable for HDB flats with a remaining lease of less than 29 years.
You are still allowed to utilise all your CPF funds for HDB flats with remaining lease of 60 years and above.
As for HDB flats with remaining lease of 30 to 59 years, you are still allowed to use all your CPF funds unless you belongs to the category of buyers whom the remaining lease cannot cover you to the age of 80.
The total CPF usage by the household will be the pro-rated Valuation Limit (VL)# based on the ratio of the remaining lease when the youngest buyer who can use CPF turns 55 years old, to the lease at point of purchase.
Hope it helps!
Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com
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