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Celine Chen

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  24. Posted

    Ownership/ Interest in Property

    From HDB website

    • Must not own or have disposed of any private residential property in the 30 months before the date of application for an HDB Loan Eligibility (HLE) letter. A private residential property (local or overseas) will include:
      • Property acquired by gift
      • Property inherited as a beneficiary under a will or as a result of the Intestate Succession Act
      • Property owned/ acquired/ disposed of through nominees
    • Do not own more than 1 market/ hawker stall or commercial/ industrial property
    • If only 1 market/ hawker stall or commercial/ industrial property is owned, you must be operating the business there, and have no other sources of income
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