Older HDB flats back in demand after CPF rule change

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Source: https://www.straitstimes.com/singapore/housing/older-hdb-flats-back-in-demand-after-cpf-rule-change?cx_testId=20&cx_testVariant=cx_2&cx_artPos=0#cxrecs_s

Piermont Grand

The demand for ageing HDB flats  are rising, 2 months after changes to the CPF rules, which aims to increase the pool of buyers who can buy them.

In May and June 2019, 564 flats aged more than 40 years are transacted , up from 403 in the same period in 2018.

Since May, buyers are able to use more of their CPF funds and can get a higher loan amount for ageing HDB  flats, provided the property’s remaining lease covers the youngest buyer to age 95 years old.

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