The Draycott 8 Lease in Two Sentences
Draycott 8 stands on a 99-year leasehold that began in 1997, so roughly seventy years of the term are left in 2026. For CPF purposes that is long enough to carry a youngest buyer of about 26 or older to age 95, which means most households can use their CPF savings to the usual limits.Those two facts shape a good part of any purchase here: how much of the price can come from CPF, and how a bank and CPF Board look at the remaining term. This article sets them out as at November 2026, using the rules read from CPF Board and MAS on 8 November 2026.
The sections below explain how the remaining term is counted, how CPF Board’s rule works for a given buyer, and what CPF savings can pay for in a completed purchase.
How Many Years Remain on the Draycott 8 Lease
A 99-year lease counts down from its start date, not from completion. Draycott 8 received its Temporary Occupation Permit in 2006, nine years into the lease, and in 2026 about seventy years of the term are left. The figure falls by one each year, which is why a buyer usually asks for it alongside the price list.
| Item | Draycott 8 |
|---|---|
| Tenure | 99-year leasehold from 1997 |
| Completed | Temporary Occupation Permit 2006 |
| Remaining in 2026 | About 70 years |
| Address | 8 Draycott Park, Singapore 259404, District 10 |
Tenure from the developer’s fact sheet; the conveyancing documents for each residence state the lease exactly.
The figure that matters for a particular purchase is the one on the title of the residence chosen. The Sales Concierge sends it with the plans, and the buyer’s solicitors confirm it during conveyancing.
CPF Board’s Age-95 Rule and Draycott 8
CPF Board ties the use of CPF savings for a home to the remaining lease. Where the lease left on the property would carry the youngest buyer to at least age 95, CPF savings can be used up to the normal limits. Where it would not, CPF Board pro-rates the amount that may be used, provided at least 20 years of the lease remain.
With about seventy years left at Draycott 8, the lease reaches age 95 for a youngest buyer who is about 26 or older today. A younger buyer can still use CPF savings, but the amount follows CPF Board’s pro-rating formula, so it is sensible to request a figure from CPF Board before signing.
The rule looks at the youngest person on the title, so a couple of different ages is assessed on the younger of the two. Adding a young family member as a co-owner therefore changes the CPF picture, and is best discussed with CPF Board first.
What CPF Savings Can Pay For at Draycott 8
Within CPF Board’s limits, CPF savings can meet the part of the down payment above the cash minimum, the stamp duty, and the monthly loan instalments. The cash minimum itself is set by MAS: a buyer with no other housing loan pays no less than one twentieth of the price in cash when borrowing at the standard ceiling, and one tenth at the lower ceiling.
Because Draycott 8 is complete, these payments arrive in a short span. Stamp duty is due within 14 days of signing, and the balance of the price is paid at legal completion, so the CPF application is best lodged early. The housing loan information page sets out the MAS and CPF rules side by side.
How the savings are divided between the down payment, the stamp duty and the instalments is a household choice, made within CPF Board’s limits.
Questions Buyers Raise About the Draycott 8 Lease
Every residence at Draycott 8 shares the one lease of the development, so the Garden Simplex on the second storey and the Penthouse on the twenty-fourth carry the same start date and the same remaining term as the Tower Simplex homes between them.
The lease does not change the stamp duty. Buyer’s Stamp Duty and any Additional Buyer’s Stamp Duty are charged on the price, in the same way for a leasehold or a freehold home, and both are paid within 14 days of signing.
The lease does sit alongside the loan tenure. Private-property loans may last as long as 35 years; once the tenure passes 30 years, or the final instalment falls after the borrower’s 65th birthday, the lower loan-to-value limit applies, so the length of the loan is usually chosen with the borrowers’ ages in mind as much as the lease.
Lease, Loan and Budget at Draycott 8
A bank values the residence before confirming a loan, and MAS limits the loan by income and by price. For most buyers at Draycott 8 the deciding numbers are the Total Debt Servicing Ratio and the loan-to-value ceiling rather than the lease itself.
The TDSR calculator works out how large a loan a household income can carry, while the stamp duty calculator totals the duty for each kind of buyer. With the price list from the Sales Concierge and a bank’s in-principle approval, the lease, the loan and the CPF figure come together into one budget before the option is signed.
This article gives general information as at November 2026 and is not financial, legal or tax advice. Its particulars of Draycott 8 come from the developer’s fact sheet, site plan and floor plans; statutory figures are those on this site’s financing pages, read from IRAS, MAS and CPF Board on 8 November 2026; distances are straight lines measured on OneMap from 8 Draycott Park.
Ask the Sales Concierge About Draycott 8
The Sales Concierge sends the current price list and the floor plans of the four-bedroom residences open for sale. Viewing Appointments are arranged through the Sales Concierge.