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Hi all, I am a SC and my husband is a Foreigner (NOT PR). We have valid HLE on-hand and have made an offer to buy a resale flat which has been accepted. At the same time, we had earlier appealed to HDB to increase our HLE maximum loan amount and we are awaiting the result still.

Question is: if we proceed with paying the Option Fee with this current HLE on-hand (of a lower max loan amount) and eventually HDB approves our appeal (and increases our max loan amount), will we have to redo the whole process again? Or is it considered the same HLE and we may proceed as normal? Thanks
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2 Answers

Geryl Lim
Replied
Dear madam,

Why not speak to your appointed agent on this matter? If you have not gotten the appeal results from HLE, why did you put in an offer for the property? Does that mean you will proceed with this purchase regardless of the appeal outcome?

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
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Ling CK
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Hi,

1) You should not proceed with an offer to an OTP using existing HLE since you had submitted an appeal on the amount.
2) The HDB will issue another HLE, and that HLE date will be later than the OTP received.
3) If you read the OTP instructions carefully, it is stated clearly that your HLE date must be earlier than the OTP.
4) It is advisable to wait till the result of the final appeal before offering for an OTP.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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