Buyers who must take bank loans – HDB for sale in Singapore
The following buyers are required to take bank loans: HDB for sale in Singapore.
- Buyers who are all SPRs
- Household salary over $12,000/ month
- Own private residential property (include HUDC/ EC)
- Have sold private residential property within last 30 months
- Own private commercial/ industrial for investment inSingaporeor overseas
- Any owner/co-owner who had taken HDB concessionary loan 2 times before
- The last property sold was a private residential property (applicable for 2nd concessionary loan)
- Buying under the Singles Singapore Citizen Scheme and the single’s salary exceeds $6,000 or buying HDB Executive Apartment
Letter of Offer from bank
A buyer must obtain a Letter of Offer from a bank before the buyer can exercise the OTP.
Please click here to search for HDB for sale in Singapore.
