Can I purchase a 3-bedroom resale flat in Singapore under $600,000 near an MRT station with a lease of less than 95 years remaining?

Yes, you can purchase a resale flat in Singapore with a remaining lease of less than 95 years. The majority of older HDB resale flats available are on 99-year leases and may have less than 95 years remaining, depending on the age of the flat.

However, recent policy changes impact your ability to use CPF funds and secure maximum loan amounts for such flats. To use CPF savings for the purchase, the flat must have at least 20 years left on its lease. If the remaining lease does not cover the youngest buyer until they turn 95 years old, your CPF usage and loan quantum will be further restricted. The older the flat and the younger the buyer, the stricter these limitations are.

Older resale properties—especially those with shorter leases—tend to be less attractive to younger buyers due to tighter financing limits and lower CPF withdrawal eligibility. For older buyers, these policies may be less restrictive. In general, resale flats with shorter leases may be more affordable but have less long-term resale value and may come with additional conditions for financing and CPF usage.