If you need funding buying and take across the possession out-of a condo, it’s also possible to apply for a property financing out of HDB or even the creditors (FI).

Make an application for an enthusiastic HDB Flat Eligibility (HFE) page via the HDB Apartment Portal getting a holistic knowledge of the housing and you will resource choice one which just carry on your residence to invest in journey. It can let you know upfront of your qualifications to buy a beneficial new otherwise selling flat, therefore the number of homes has and you will HDB casing financing you are eligible for.

Qualifications conditions

The people in this new key friends nucleus on your HFE letter application, shaped by the candidate(s) and you may occupier(s) which allow the household to meet the new eligibility standards on the flat get, haven’t pulled a couple of housing financing away from HDB.

* Construction financing isnt designed for the purchase off 2-area Flexi flats to the quick book or Area Proper care Rentals. You ought to pay money for new flat buy using cash and you may/ or CPF Normal Account coupons.

Appeal otherwise ownership for the a property

You are considered to own or have an interest in an excellent possessions if you have received a property by way of pick otherwise whenever it is:

• Received by the present;
• Handed down since the a beneficiary lower than a may or from the Intestate Succession Work;
• Possessed, obtained, otherwise thrown away by way of nominees; or
• Obtained from the securing faith for another person/ organization.

Brand new criteria to your ownership/ need for private residential and non-property connect with the regional and you can to another country qualities that are done otherwise uncompleted, and can include however they are not limited to the after the:

A property, building, land that is under a domestic home zoning (also land that have several property zoning ), Manager Condo (EC) equipment, privatised HUDC apartment and you may blended have fun with creativity .

E.grams. house having industrial role during the 1st storey or industrial and land E.g. attributes having a residential part, instance HDB shop with living household or shophouse.

Private home

• Must not very own otherwise are interested in your regional or overseas personal assets; and
• Ought not to has discarded any personal assets during the last 31 months, on legal end go out*, before the HFE letter application.

Non-land

All candidates and you will occupiers placed in the newest HFE page application can, while the a household, very own or are curious about doing 1 low-homes^ in the section away from applying for an enthusiastic HFE letter, whenever they need to pick a condo away from HDB, a resale apartment that have CPF casing has, or a resale Best Venue Social Property (PLH) flat.

^ This can be no matter what express regarding possession throughout the low-land loans Nord. If your individuals and occupiers very own the same non-land, your family is generally accepted as buying 1 non-land.

Whether your candidates and you will occupiers very own or have an interest in over step one non-residential property, they have to has actually discarded others non-land at the very least 29 weeks (mentioned regarding the courtroom completion date of fingertips of your interest) before you apply to possess an HFE letter.

The loan amount depends upon the fresh new the quantity the remaining lease is security new youngest applicant on age of 95 and you will over.

Make use of the commission bundle calculator to determine the brand new payments requisite from the various goals to shop for another type of or resale apartment, and check that you have enough funds prior to investing good apartment get.

The fresh new LTV limit refers to the maximum amount of housing mortgage a condo candidate usually takes right up, shown as the a portion of down of the apartment speed otherwise value of brand new flat.