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Notice of Eligibility to purchase commenced today
Notice of Eligibility to purchase commenced today Singapore
By   shicheng news
  • City News
  • Purchase eligibility
  • application for purchase
  • Purchase Eligibility Notice
Abstract: In conjunction with the launch of the notification of Eligibility on Tuesday, the Housing Development Board said it would adjust the eligibility process for home buyers, including the harmonization of the income assessment period for those applying for home purchase to 12 months, from the previous three or six months.

The new HDB Flat Eligibility Statement (HFE) is designed to provide those eligible with a comprehensive assessment of their housing and financing options before they can begin their application for HDB flats. It also aims to reduce the number of documents they need to provide to the HFE when making their application, the authority said in a statement released late Thursday.

 

"With the launch of HFE, HDB will be able to obtain the personal data of subscribers for eligibility assessment through the Myinfo website in the future."

 Notice of Eligibility to purchase commenced today

The way in which HDB applications are assessed will be adjusted to match the information obtained from the MyInfo website. Among them, the evaluation period will be equalized to 12 months from the current three or six months.

 

At the same time, eligibility for housing benefits will be assessed according to the main family core. The main family core consists of the main subscriber and the main household member, which means that they will share the housing subsidy together. Therefore, the main family core member who has already received the primary purchase allowance will have to pay the resale levy before collecting the key when applying for the second subsidized HDB flat.

 

The HA reiterated that as eligibility for the HA is still assessed on a whole-family basis, the total amount of allowance that most families can enjoy will not be affected.

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Notice of Eligibility to purchase commenced today
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