Uncertainty mounts as reassessments for loan amounts and grant clawbacks are unclear
Young couples in Singapore are raising concerns over recent changes to the Housing and Development Board (HDB) policies regarding housing loans and grants. The main issue revolves around the new HDB Flat Eligibility (HFE) letters, which determine the amount of financing that applicants qualify for.
Many first-time homebuyers have expressed unease about the lack of clarity surrounding the new protocols. They fear that their loan amounts will be locked in based on their eligibility under the current criteria, with no future reassessments available. This uncertainty has sparked discussions in social media groups, with young couples feeling caught in a bind over how the new rules affect their chances of securing the housing assistance they need.
