26/08/2024
https://www.straitstimes.com/singapore/housing/new-property-cooling-measure-to-tighten-hdb-loan-limits-larger-grants-for-lower-income-flat-buyers
HDB NEW COOLING MEASURE SUMMARY
- LTV For HDB Housing Loans lowered by 5% from 80% to 75%
- In line with the bank (just at a lower interest rate)
- revised LTV Applies to complete resale applications* (when HDB receives both sellers & buyers portion of resale application) receive by HDB on 20th & after August 2024
- Lower Income Family to receive more GRANTS
- Clients do not need to contact HDB for HFE changes, EHG will be changed according and money to be deposited.
With the new changes in the market, this directly impacts the current clients who are making their purchase in today's real estate market.
But why now? Is there an expected shortage of flats upcoming?
Is demand too high now? Or are we preparing for the next surge?
Every purchase of a property is not just purely owning a home but a consideration so that when its time to change, you can the ability to do so.
Chat me up if you are not familiar with the policies and let me go through it with you
Allan Tan
+6591135437
This is the fourth round of property cooling measures since December 2021. Read more at straitstimes.com.