SINGAPORE: From the current six months, the validity of all new and existing HDB Flat Eligibility ( HFE ) letters will be increased to nine months by The Housing and Development Board ( HDB ).
Both new and resale straight buyers will have more time during the extended accuracy time to secure their houses and lessen the number of subsequent applications.
HDB stated in a press release on Saturday( Nov. 4 ) that the extension would go into effect on Tuesday when their current HFE letters expire.
In May of this year, the HFE letter took the place of the HDB Loan Eligibility ( HLE ) letter, streamlining the home buying process by combining the various eligibility evaluations for home purchases, housing grants, and HDA housing loans.
More than 65, 000 programs from both new and resale level buyers have been processed by HDB since its inception, 60, 600 of which have received HFE letters and been approved.
In the October 2023 Build-to-Order ( BTO ) sales exercise, about 11, 000 people with valid HFE letters applied for a flat. & nbsp,
HDB’s work to” provide greater advantage” for smooth consumers in their home buying process include extending the validity of all existing and new HFE words to nine months. & nbsp,
Existing HFE letters will include their accuracy extended to nine months from the time of the letter’s issue, and applicants who have received a current letter will gradually receive SMS notifications of this automatic expansion. & nbsp,
According to HDB, new programs for HFE letters and those that are being processed will be processed with andnbsp, a nine-month window of time after the letter’s release date.
For smooth clients who need more time to secure their houses, it was added that the validity extension would even help to lessen the number of reapplications and file submissions needed.
According to HDB, the longer accuracy time may also enable BTO straight applicants to take part in more sales launches, depending on when the HFE email is issued. & nbsp,
BTO SALES LAUNCH DECEMBER
Flat buyers are advised to request an HFE letter and submit all necessary documents by November 11 in order to apply for a flat during the upcoming BTO & nbsp sales launch.
After receiving all necessary documents, running of an HFE email application typically takes about a month. During busy times, such as when BTO sales are launched, it may take longer.
To ensure that their software may be processed quickly, HDB advised those planning to purchase a home to submit their HFE letter as soon as possible and to provide all necessary paperwork.
In the last sales campaign of 2023, HDB did present approximately 6, 010 BTO apartments across eight projects. One of these projects, which will be the first & nbsp, flats to be constructed in the region in 35 years, is scheduled to take place at a building on Sin Ming Road in Bishan.
The final of three projects in Ulu Pandan’s northeast quarter may also be included in the sales exercise for December; the first two were launched in November 2022 and February 2023, both. & nbsp,