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What you must know if you are using CPF to buy a property with a remaining lease of less than 60 years but at least 30 years.

For enquiries, please email member@cpf.gov.sg.

For information on the lease of the property, please check with Housing & Development Board for HDB flats and Singapore Land Authority for private properties.

Your age plus the remaining lease of the property must be at least 80 years.

Effective DateHDB flats (exclude studio apartment) 1 July 2013

Private properties 19 July 2005

1

If you are 25 years old and your property’s remaining lease is 50 years, i.e., 25 + 50 = 75, you will not be eligible to use your CPF for the purchase.

You can calculate the maximum amount of CPF by using the formula above or the Property with Less Than 60 Years Lease Calculator at www.cpf.gov.sg.

Alternatively, refer to the table on the overleaf to help you with the calculation.

Note: If you are buying a property with less than 30 years remaining lease, no CPF can be used for the property.

The maximum amount of CPF that you can use is a percentage of the lower of the purchase price or the value of the property at the time of purchase.

Maximum amount

Remaining lease when the youngesteligible owner using CPF turns 55

Remaining lease at the time of purchase

Lower of the purchase price or the value of the property at the time of purchase

= x

You are 40 years old and the youngest owner using CPF to buy a property with a remaining lease of 50 years. When you turn 55, the property’s remaining lease will be 35 (i.e., 50 – 15 = 35) years.

If the lower of the purchase price or the value of the property at the time of purchase is $400,000, the maximum amount of CPF you and your co-owners may use is $280,000 (i.e., 35/50 x $400,000).

- Property with Less Than 60 Years Lease Calculator - Total Interest Calculator - CPF Retirement Calculator

• Are You Ready? checklists

• Calculators www.cpf.gov.sg Calculators/Games

Online Resources

Buying A House

www.areyouready.sg

Example

Example

2

Age of youngest eligible owner using CPF at the time of purchase

To calculate the maximum amount of CPF that can be withdrawn, use this table to determine the percentage to be applied on the lower of the purchase price or the value of the property at the time of purchase.

• Age of youngest eligible owner using CPF at the time of purchase; and• the remaining lease of the property at the time of purchase.

Rem

aini

ng le

ase

at th

e tim

e of

pur

chas

e

Figures are in percentages

Example

Remaining lease at the time of purchase: 55 years

My wife (30 years old) and I (40 years old) are the owners of the property.

We can use our CPF up to 55% of the lower of the purchase price or the value of the property.

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

59 42 44 46 47 49 51 53 54 56 58 59 61 63 64 66 68 69 71 73 75 76 78 80 81 83 85 86 88 90 92 93 95 97 98 100

58 - 43 45 47 48 50 52 53 55 57 59 60 62 64 66 67 69 71 72 74 76 78 79 81 83 84 86 88 90 91 93 95 97 98 100

57 - - 44 46 47 49 51 53 54 56 58 60 61 63 65 67 68 70 72 74 75 77 79 81 82 84 86 88 89 91 93 95 96 98 100

56 - - - 45 46 48 50 52 54 55 57 59 61 63 64 66 68 70 71 73 75 77 79 80 82 84 86 88 89 91 93 95 96 98 100

55 - - - - 45 47 49 51 53 55 56 58 60 62 64 65 67 69 71 73 75 76 78 80 82 84 85 87 89 91 93 95 96 98 100

54 - - - - - 46 48 50 52 54 56 57 59 61 63 65 67 69 70 72 74 76 78 80 81 83 85 87 89 91 93 94 96 98 100

53 - - - - - - 47 49 51 53 55 57 58 60 62 64 66 68 70 72 74 75 77 79 81 83 85 87 89 91 92 94 96 98 100

52 - - - - - - - 48 50 52 54 56 58 60 62 63 65 67 69 71 73 75 77 79 81 83 85 87 88 90 92 94 96 98 100

51 - - - - - - - - 49 51 53 55 57 59 61 63 65 67 69 71 73 75 76 78 80 82 84 86 88 90 92 94 96 98 100

50 - - - - - - - - - 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 100

49 - - - - - - - - - - 51 53 55 57 59 61 63 65 67 69 71 73 76 78 80 82 84 86 88 90 92 94 96 98 100

48 - - - - - - - - - - - 52 54 56 58 60 63 65 67 69 71 73 75 77 79 81 83 85 88 90 92 94 96 98 100

47 - - - - - - - - - - - - 53 55 57 60 62 64 66 68 70 72 74 77 79 81 83 85 87 89 91 94 96 98 100

46 - - - - - - - - - - - - - 54 57 59 61 63 65 67 70 72 74 76 78 80 83 85 87 89 91 93 96 98 100

45 - - - - - - - - - - - - - - 56 58 60 62 64 67 69 71 73 76 78 80 82 84 87 89 91 93 96 98 100

44 - - - - - - - - - - - - - - - 57 59 61 64 66 68 70 73 75 77 80 82 84 86 89 91 93 95 98 100

43 - - - - - - - - - - - - - - - - 58 60 63 65 67 70 72 74 77 79 81 84 86 88 91 93 95 98 100

42 - - - - - - - - - - - - - - - - - 60 62 64 67 69 71 74 76 79 81 83 86 88 90 93 95 98 100

41 - - - - - - - - - - - - - - - - - - 61 63 66 68 71 73 76 78 80 83 85 88 90 93 95 98 100

40 - - - - - - - - - - - - - - - - - - - 63 65 68 70 73 75 78 80 83 85 88 90 93 95 98 100

39 - - - - - - - - - - - - - - - - - - - - 64 67 69 72 74 77 79 82 85 87 90 92 95 97 100

38 - - - - - - - - - - - - - - - - - - - - - 66 68 71 74 76 79 82 84 87 89 92 95 97 100

37 - - - - - - - - - - - - - - - - - - - - - - 68 70 73 76 78 81 84 86 89 92 95 97 100

36 - - - - - - - - - - - - - - - - - - - - - - - 69 72 75 78 81 83 86 89 92 94 97 100

35 - - - - - - - - - - - - - - - - - - - - - - - - 71 74 77 80 83 86 89 91 94 97 100

34 - - - - - - - - - - - - - - - - - - - - - - - - - 74 76 79 82 85 88 91 94 97 100

33 - - - - - - - - - - - - - - - - - - - - - - - - - - 76 79 82 85 88 91 94 97 100

32 - - - - - - - - - - - - - - - - - - - - - - - - - - - 78 81 84 88 91 94 97 100

31 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 81 84 87 90 94 97 100

30 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 83 87 90 93 97 100

My wife is the youngest owner using her CPF for the purchase.