Use of CPF in HDB & HDB loan – Office for rent in Singapore
Office for rent in Singapore – The use of CPF for HDB flat & HDB loan with lease less than 60 yrs are as follows. The rules on the use of CPF funds for private residential property purchases with less than 60 years of remaining lease will apply to the purchase of public housing with similar lease duration from 1 July 2013.
| Remaining lease of HDB Flat | Use of CPF funds | HDB Housing Loan |
| 30 to 59 years | Allowed, except for buyers for whom the remaining lease cannot cover them to the age of at least 80.The total CPF usage by the household will be the prorated Valuation Limit (VL)# based on the ratio of the remaining lease when the youngest buyer who can use CPF turns 55 years old, to the lease at point of purchase. | Allowed, if remaining lease can cover the buyer* to the age of at least 80.Loan tenure will be the shortest of: 30 years; 65 years minus average age of buyers; and balance lease at the point of purchase minus 20 years. |
| 20- 29 years | Not allowed. | Allowed, if remaining lease can cover the buyer* to the age of at least 80.Loan tenure will be the shortest of: 30 years; 65 years minus average age of buyers; and balance lease at the point of purchase minus 20 years. |
| < 20 years | Not allowed. | No HDB housing loan. |
Source: MAS
# The VL of the flat is the lower of its valuation or its purchase price.
* Based on the average age if there is more than one buyer to a flat.
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