Tuesday, January 29, 2019

Allow young people to buy old flats

At present, young people cannot use CPF to buy old HDB flats with a remaining lease of less than 60 years.

This has caused the prices of these old flats to fall sharply. Even so, the owners cannot find a buyer at a fair price. They have to take a very big cut. If they bought the flat on resale and paid a high price, they would suffer a large loss.

What can be done about this problem?

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