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Me and my wife and Singapore PRs, and we have issued OTP recently and currently waiting for seller to submit resale application from their end.
However, I will be changing job in one month later, do I need to resubmit my HFE since everything in already in progress? Because of our nationality, we are not eligible to take any housing grant and HDB loan. FYI, the monthly pay increase by 17% compare with my current job, but compare in annual basis is less than 10%.
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5 Answers

Hi, usually as long as your HFE is still valid, you do not need to resubmit a HFE.

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Hi, appreciate your sharing. It does not matters, as your letter of offer already issued before you exercise it.
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Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Your HFE income assessment is usually based on 1 year income, thus this change should not affect much. Moreover your financing of the property is through a bank loan, therefore it should be fine without the need to resubmit the HFE. Read More
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Hi,

1) First of all there is no household income ceiling set for buying a resale HDB flat.
2) You are already at the stage of submission of the resale application meaning that the bank has issued LOO (Letter Of Offer) for the loan you need.
3) Your change of job at this point of time does not affect your eligibility to buy the flat. Thus there is no requirement to do anything.
4) Those we advised to update the HDB on the recent changes in their job are those who are taking the HDB loan and applying for the housing grant because there is an income ceiling to be eligible for them.
5) Now, you just need to wait for the endorsement and approval from the HDB and pay all necessary payments.
6) Get in touch with your lawyer to understand the timeline for all the payments.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

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