6 Answers

Ivan Ng
Hi Weikang,

Its not impossible, just that for the buyer they can't use their CPF and loan fully to fund the purchase, hence more cash is required. Other factors include condition of unit etc. Thanks and may I understand your plans further so to assist better?

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
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YT Tan (陈永达)
Good morning Weikang,

Do take note that buyers will have restriction in financing a resale flat with balance lease less than 60 years, they cant use their CPF OA funds fully.

Sale will usually take slightly longer before you find a keen buyer who is willing to come out with more cash.

Hope my sharing is beneficial to your property sale.

May I know how can I continue to value add in your sale?

This is obtained from CPF website:

What are the conditions for using CPF to buy HDB flats with remaining lease of less than 60 years but at least 30 years?

The conditions are as follows:

First, to use CPF to buy HDB flats with remaining lease of less than 60 years but at least 30 years, an owner’s age plus the remaining lease of the flat must be at least 80 years. This is to ensure that the flat will last the owner until he/she is at least 80 years old, which is roughly the average life span of Singaporeans at birth.

Second, the maximum amount of CPF that all eligible owners may use for the flat is a percentage of the lower of the purchase price or the value of the flat at the time of purchase.

The maximum amount of CPF that can be used for the flat is set at a level that covers the estimated depreciated value of the flat when the youngest eligible member using CPF for the flat reaches the CPF withdrawal age of 55 years old. This is to ensure prudent use of members’ CPF savings towards the purchase of flats with short remaining lease.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More


Aaron Chong
Hi Weikang, it is true to an extent. Firstly, for younger couple intending to buy their 1st HDB property, this will turn them off as firstly, they don't have much in their cpf account as the couple have just started their career a few years ago and to make things worse, they can't utilised all their cpf funds due to the remaining lease matters.

9730 8455
aaronchong2774@yahoo.com.sg Read More


Nick Tan
Hi Weikang,

1. For lease that is less than 60 years, buyers will not be able to use their full CPF to do the purchase.

2. As to whether it will be difficult to sell, it depends on the location of the property. If it is located at a good location, ie near MRT or centrally located. If the location is good, there will always be a pool of ready buyers regardless of the lease.

Nick Tan
(M) +65 9644 4854
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More


Geryl Lim
Dear Weikang,

60 years lease is just 1 of the consideration factor of buyer when they are looking to purchase a property.

Other factors also matter like the amenities, conditions and asking price of the property in comparison to the current market.

I will be taking on a unit with less than 60 years lease balance in Jln Bukit Merah very soon and can also assist you the same way I do for the client.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg


Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

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Bryan Lee
Hi Mr Weikang,

I am Bryan Lee from ERA. I am a very experience agent in selling HDB with good track records and testimonials from clients to show you. Let's meetup for a friendly discussion, no obligation.

Kindly contact me at 86912345 Call / SMS / Whatsapp.

Hope to hear from you soon.

Thank you and have a nice day.

Warmest Regards,
Bryan Lee
ERA Marketing Director
bryanlee@era.com.sg Read More