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New CPF rules to expand pool of buyers for older homes

Observers say prices of homes with 60 years or less on the lease used to fall sharply; changes could stabilise their price

Nisha Ramchandani

Nisha Ramchandani

Published Thu, May 9, 2019 · 09:50 PM
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Singapore

THE changes to CPF rules for purchasing older public and private leasehold homes will likely lift demand for such properties because the pool of buyers will widen, analysts said.

Prices of older homes are also expected to stabilise as a result, with some market watchers suggesting that they could even rise.

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