{"id":8213,"date":"2016-03-02T09:04:31","date_gmt":"2016-03-02T02:04:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/20-of-hdb-loan-applicants-asked-for-larger-loans\/"},"modified":"2016-03-16T21:08:56","modified_gmt":"2016-03-16T14:08:56","slug":"20-of-hdb-loan-applicants-asked-for-larger-loans","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20-of-hdb-loan-applicants-asked-for-larger-loans\/","title":{"rendered":"20% of HDB loan applicants asked for larger loans"},"content":{"rendered":"


\n\u00a0
\nThere were about 200,000 qualified applications for an HDB Loan Eligibility (HLE) letter from 2012 to 2015, revealed National Development Minister Lawrence Wong during a parliamentary session on Tuesday (1 March), reported Channel NewsAsia.
\nFlat buyers need to request for an HLE letter before they can obtain an HDB concessionary housing loan for their flat purchase.
\nOf this figure, 20 percent, or 40,000 of those who applied for the letter, appealed for a higher mortgage. Most did so to increase their housing options without stating an exact loan amount. Mr Wong was responding to a query from Non-Constituency MP Leon Perera.
\n\u201cOver one in three of such appeals were successful,\u201d he said in a written reply. The rest were not granted as the applicants could not prove that they have the resources to repay the larger loan.
\n\u201cAs a flat purchase is a long-term financial commitment, it would not be prudent for potential home buyers to take on additional financial burdens that they are unable to sustain,\u201d he added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…20% of HDB loan applicants asked for larger loans<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 There were about 200,000 qualified applications for an HDB Loan Eligibility (HLE) letter from...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8213","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-28t","jetpack-related-posts":[{"id":8146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/900-families-got-a-third-hdb-loan-in-2015\/","url_meta":{"origin":8213,"position":0},"title":"900 families got a third HDB loan in 2015","date":"March 15, 2016","format":false,"excerpt":"\r The HDB is willing to grant a third loan for exceptional cases, like when households find it tough to get a bank loan. The Housing and Development Board (HDB) granted a third housing loan to around 900 families last year, according to National Development Minister Lawrence Wong during a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faster-hdb-resale-process-by-2018\/","url_meta":{"origin":8213,"position":1},"title":"Faster HDB resale process by 2018","date":"October 20, 2017","format":false,"excerpt":"\r The Housing Board announced on Thursday (19 October) that they plan to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both parties need to fulfil two appointments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/blossoms-by-the-park-sells-over-70-units-hdb-introduces-home-flat-eligibility-hfe-letter-and-more\/","url_meta":{"origin":8213,"position":2},"title":"Blossoms By The Park Sells over 70% Units, HDB Introduces Home Flat Eligibility (HFE) Letter, and More","date":"May 2, 2023","format":false,"excerpt":"\r Blossoms By The Park Sells over 70% Units, HDB Introduces Home Flat Eligibility (HFE) Letter, and More25 April to 2 May 2023 Blossoms By The Park \u2013 the first development to be launched following the rollout of the latest April 2023 cooling measures \u2013 sold more than 70% of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/05\/Blossoms-By-The-Park-condo-cover.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":82472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2000-home-owners-given-approval-to-sell-their-flats-hdb\/","url_meta":{"origin":8213,"position":3},"title":"2,000 home owners given approval to sell their flats, HDB","date":"March 12, 2018","format":false,"excerpt":"\r With the launch of the Housing and Development Board\u2019s (HDB) resale portal in January, about 2,000 flat owners have received approval to sell their housing units, reported Channel News Asia. Streamlining the buying and selling of public housing units, the new portal aims to reduce the transaction time by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lbs-available-for-flat-owners-with-outstanding-mortgage-loan-of-over-5000\/","url_meta":{"origin":8213,"position":4},"title":"LBS available for flat owners with outstanding mortgage loan of over $5,000","date":"September 4, 2019","format":false,"excerpt":"\r Flat owners with outstanding mortgage loans of more than $5,000 can now take up the LBS \u201cas long as the proceeds from the lease sale are sufficient to fully discharge the loan. The rule that requires Housing and Development Board (HDB) flat owners to have an outstanding loan of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-october-2017\/","url_meta":{"origin":8213,"position":5},"title":"News Roundup (October 2017)","date":"October 26, 2017","format":false,"excerpt":"\r Our top Singapore property stories. Faster and easier HDB resale process by 2018 The Housing Board plans to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/10\/Housing-precincts.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8213"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8213"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}