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USE OF CPF FOR PURCHASE OF HDB FLATS WITH REMAINING LEASE OF LESS THAN 60 YEARS
Thursday, July 11, 2013
With effect 1st July 2013
1. Reference to the attached CPF's circular on the additional rules on the use of CPF for purchase of HDB flats with remaining lease of less than 60 years. The changes have taken effect on 1 July 2013. The changes were made with reference to the News Release by the Ministry of National Development on 11 January 2013 on the additional measure to tighten the use of CPF funds for the purchase of HDB flats with remaining leases of less than 60 years.
2. All salespersons shall act in accordance with these additional rules when advising consumers and/or performing estate agency work related to HDB flats with remaining leases of less than 60 years.