View Full Version : 60 year balance.
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Honestly I never fully grasped the intention behind this ruling.
Just knew it as young buyer cannot buy property with short lease left if intending to use CPF.
When you cannot control the buying, you change the rule to reduce the buying. There is no logic behind the rule.
When you cannot control the buying, you change the rule to reduce the buying. There is no logic behind the rule.
But this does not affect most of the 99 year Leasehold to the FH units at all.
Why would channeling financing demand from 60 yr LH to 99 year LH to FH reduce buying overall?
The probable intention I guess is if the buyer out lives his or her property, he or she at least has abundant CPF funds for some options late in life.
Another new residential with 60 yrs LH coming?
Only restricted to residential?
Applicable to commercial/industrial?
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