Asked by Magdeline
Hi I am a first time buyer and would like to know if for eg I'm to purchase a flat at a valuation of SGD 500,000 for a 5room flat in Jurong West. Should the valuation of the flat drop in the next few years for eg to SGD 400,000 will the bank instruct me to top up the balance on top of my existing loan? Has there been an incident of such cases happen to a HDB owner or it only happens to private homes?
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