Young couples voice concerns over housing loan limits under new HDB protocols
Uncertainty is mounting over reassessments for loan amounts and grant clawbacks
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Yong Jun Yuan
FIRST-TIME homebuyers are raising questions over a lack of clarity in government policy on assessments for housing loans and grants given by the Housing and Development Board (HDB).
In chat groups on social media channels such as Telegram, posts show several young couples caught in a bind over the amount of financing they now qualify for. This comes on the back of a change in when HDB assesses flat applicants’ incomes for loans and grants.
Some are concerned that their HDB housing loan amounts will be assessed based on the new HDB Flat Eligibility (HFE) letters, with no reassessments possible in the future.
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