11/05/2023
For those purchasing a HDB now, the new HFE will now replace HLE.
With the new HFE letter, HDB will streamline the flat buying process by integrating the different eligibility assessments for HDB flat purchases, housing grants, and HDB housing loans into a single application through the HDB Flat Portal.
This will bring about more certainty and convenience to flat buyers. With greater clarity upfront on their housing budget and financing options, flat buyers will also be able to make more informed and prudent decisions in their home purchase.
For buyers taking up a bank loan, you should apply for HFE and also at the same time process your IPA with the bank of your choice.
Upon receiving all supporting documents, HFE will take up to 21 working days to process and it will be valid for 6 months from date of issue.
Do reach out to me if you have any questions regarding the new HFE process.
Karen Goh
CEA Reg No. R061814H
ERA Realty Network Pte Ltd
Contact: 9848 4874