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Hi, I am a divorcee and age 47 years old. I am looking to buy a 3 or 4 room resale flat and I have been told by CPF that I could only buy flats that is above 40 years old. Is that true? I dont seem to be able to locate such policy in CPF or HDB website. Thank you.
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3 Answers

Ivan Ng
Replied
Hi,

Not sure what you have heard exactly, but generally speaking HDB flats that have balance lease of 60 years and below, the financing (CPF/Bank Loan) for it will be more restricted.

For purchases under the single singapore citizen scheme, there is no issue buying a 3 room or 4 room flat.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Mike Lim
Replied
Evening,

Based on your age, you can purchase resale unit with lease of more than 60 years old. You might have misunderstood their statement.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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CK Ang
Replied
Hi,
The concern is the financing. Please drop me an email for me to explain and share the details.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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