Buyers must now get HDB loan letter earlier to book flat

Public flat buyers who want a Housing Board loan now have to get their official loan eligibility letter at an earlier stage. This is to avoid situations when buyers book a flat first but are then unable to get a sufficient loan for it, said the HDB in a statement yesterday. From this month’s Build-to-Order […]

Taking a 3rd HDB loan? Pay market rate, says Minister Khaw

The Housing and Developmental Board (HDB) may grant a third housing loan to home owners – but only in exceptional instances, and at the market rate, said Minister for National Development Khaw Boon Wan on Tuesday (Jan 21). In a Parliamentary question, MP Zainal Sapari had asked about HDB’s rationale for imposing a higher interest […]