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Hi,

Your HLE loan amount will not be affected as that's based on your age and income. Just that now if you commit to an OTP after 16 December 2021, your maximum LTV will be at 85%. This means that you will need to fork out at least 15% as downpayment.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) HLE is based on MSR assessment. The recent cooling measure only addresses TDSR, thus not affected.
2) HLE is tabulated using your age and income to determine how much you may loan, not the percentage of the flat price.
3) Since you didn't exercise any OTP before the cooling measure, it means that now you have to prepare a 15% downpayment instead of 10%.
4) Although your HLE amount has not changed your initial payout has to adjust due to the change of down-payment percentage.
5) Meaning if you are eyeing a flat with a price of $450k. Now your minimum down payment would be $67.5k instead of $45k.
6) You might have to adjust your expectation in order to get something within your budget.

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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