The lease of most Tiong Bahru Pre-War Conserved flats start between 1st Jan 1965 to 1967.
(The Singapore Government started selling the units to the individual owners from 1965 onward)
As at 1st January 2005, the lease remaining for this area is less than 60 years.
Do take note of how this will impact your CPF withdrawal limits and your bank loans when making an offer for these properties.
YOUR AGE WILL ALSO DETERMINED THE CPF WITHDRAWAL LIMITS.
The lease for the HDB side starts from 1st Jan 1973.
The rule will affect those who will be using bank loans to finance their purchase from 1st Jan 2013 onwards.
Those who are eligible for the HDB loans are not affected by this ruling.