Buyers can find out their eligibility to buy a flat and their CPF housing grants and HDB housing loan quanta in a single application. Read more at straitstimes.com.
SINGAPORE – From May 9, potential buyers of Housing Board flats just need to make a single application to get a letter informing them if they are eligible to buy a new or resale flat, and how much in CPF housing grants and HDB housing loans they qualify for.
The three aspects are currently assessed separately at different stages of the home purchase process. This is because their eligibility for flat purchase and housing grants are not confirmed at the point when they apply for a new flat, or secure the purchase of a resale flat. Applying for the HDB Flat Eligibility letter, which will replace the current HDB Loan Eligibility letter, is a two-step process.
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