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Why did the Government review the rules on CPF usage for purchase of residential properties with shorter leases?

The rules on CPF usage for purchase of residential properties with shorter leases were updated to meet the changing needs and higher life expectancy of Singaporeans. Instead of focusing on the remaining lease of the property, the rules focuses on whether the remaining lease of the property can cover the youngest buyer until age 95.

This change gives Singaporeans greater flexibility to purchase a home that can last for life, while ensuring that their retirement adequacy is protected.