How many years are left on the leasehold for Nicon Gardens units in Block 65B to use CPF?

To use CPF for a property purchase in Singapore, the property must have at least 20 years of remaining lease left. This is the minimum lease requirement.

However, the amount of CPF you can use depends on whether the remaining lease can cover the youngest buyer until age 95:

- If the lease covers you until age 95: You can use CPF up to the property's full Valuation Limit and get up to 90% Loan-To-Value for HDB loans.

- If the lease does not cover you until age 95: You can still use CPF, but the amount will be pro-rated (reduced proportionally).

For example, a 40-year-old buyer can purchase a resale flat with 55 years remaining on the lease using more of their CPF savings under the current rules, as long as the lease extends to at least age 95 for that buyer.

These rules apply to both HDB flats and private properties. The key change from previous regulations is that CPF usage is no longer solely determined by the property's remaining lease length, but rather by whether that lease can adequately cover your lifetime until age 95.