Senior
Ultimate Underdog
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.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Senior
When you cannot control the buying, you change the rule to reduce the buying. There is no logic behind the rule.
Ultimate Underdog
But this does not affect most of the 99 year Leasehold to the FH units at all.Originally Posted by Arcachon
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.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
:)
Another new residential with 60 yrs LH coming?
Only restricted to residential?
Applicable to commercial/industrial?
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