Personal Finance
New Rules On CPF Usage: How Will This Affect Homebuyers?
By Seedly  •  May 19, 2019
TL;DR: How Will New Rules On CPF Usage Affect Homebuyers?

Singaporeans will now have more flexibility in using their Central Provident Fund (CPF) when purchasing older properties

Can draw more from CPF to buy ageing flats Can use maximum HDB loan of 90% of property price or valuation

Only if the remaining lease covers the youngest buyer until the age of 95.

As a result of these changes:

Unlock additional value for older properties Allow older buyers to use more CPF for home purchases

Disclaimer: This is not a sponsored post. Opinions expressed in the article by the author should not be taken as investment advice. Please do your own research and due diligence.

Updates To CPF Usage

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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