If you would like investment to invest in or take over the control regarding a condo, you could submit an application for a houses loan from HDB or the financial institutions (FI).

Submit an application for a keen HDB Apartment Eligibility (HFE) page via the HDB Apartment Site for a holistic understanding of the housing and you may investment alternatives one which just carry on your house to order excursion. It does inform you initial of the qualification to buy a the fresh new otherwise resale flat, as well as the amount of houses has and HDB homes mortgage you are entitled to.

Qualifications standards

All members of the fresh key family unit members nucleus on the HFE page app, molded by candidate(s) and you may occupier(s) whom let the family to get to know the eligibility criteria towards the flat pick, have not taken two or more construction finance off HDB.

* Property loan is not designed for the acquisition off 2-room Flexi apartments towards the brief lease or Society Care Apartments. You need to purchase the fresh flat get using dollars and you may/ or CPF Average Membership savings.

Focus otherwise control into the property

Youre considered to very own or are curious about a beneficial property if you have gotten a house by way of get otherwise whenever its:

• Received from the current;
• Handed down due to the fact a recipient lower than a could or throughout the Intestate Sequence Operate;
• Owned, obtained, otherwise thrown away as a result of nominees; otherwise
• Received by the holding on believe for another person/ entity.

New criteria on the ownership/ need for private residential and you will non-homes apply at all of the local and you can overseas features that are complete or uncompleted, and include but are not limited on pursuing the:

A home, strengthening, residential property which is under a residential belongings zoning (together with house which have numerous homes zoning ), Exec Condo (EC) product, privatised HUDC apartment and you may mixed have fun with development .

Elizabeth.grams. belongings with industrial part on initially storey otherwise industrial and you will house Elizabeth.grams. features having a domestic part, such HDB shop which have way of life household otherwise shophouse.

Personal home

• Shouldn’t very own or have an interest in any nearby otherwise overseas individual assets; and you will
• Ought not to features discarded any personal property over the last 29 days, from the courtroom conclusion date*, till the HFE page application.

Non-belongings

The applicants and you can occupiers listed in the latest HFE letter application can, given that children, individual or are curious about around 1 non-residential property^ at part away from making an application for an HFE page, once they wish to pick a flat out of HDB, a selling flat that have CPF construction has, otherwise a selling Prime Venue Social Construction (PLH) apartment.

^ This really is long lasting show of ownership in the non-land. In case your individuals and you can occupiers very own a payday loan near me similar non-home, your family is considered as purchasing 1 low-house.

In the event your individuals and you may occupiers own or are interested in more 1 low-house, they should possess discarded the other non-qualities at the least 29 weeks (counted on the legal completion big date of convenience of your interest) before applying getting an HFE letter.

The loan count depends upon this new the total amount the rest book is also cover this new youngest candidate into the chronilogical age of 95 and you will a lot more than.

Use the payment package calculator to find out the payments requisite during the various goals purchasing a special otherwise resale flat, and look which you have sufficient finances ahead of investing in a flat get.

The fresh LTV restrict refers to the limit number of property mortgage a flat candidate may take upwards, indicated because the a portion of all the way down of one’s apartment speed otherwise property value the new flat.