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You may wish to call up HDB to work out the documentation support part and see if your company letter is sufficient for their assessment to grant you the loan. The alternative is to work with getting a bank loan instead. As far as I know, bank loan do not need to provide 12 months income proof. I have heard of cases where you only need 1 month income proof. If you like to work with a bank loan, can always get in touch with me.

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Hi,

HFE is needed regardless whether you are taking hdb or bank loan, because part of the HFE is to ascertain eligibility and grants. For 12 month payslip window, if you are applying in May, they will require April 2022 to March 2023 payslips. Yes the foreign country payslip will help. For bank loan they still look at latest 3 month payslips for fixed income employee.

You can buy under the single singaporean citizen scheme no issue. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi,

1) I don't think you will need to wait for 12 months to submit your application.
2) Tax return slip from overseas could also be a supporting document to verify your income.
3) Payslips from a foreign country would also be proof of your income.
4) I believed the 12-month payslip requirement is meant to determine whether you are continuously employed for the last 12 months, and also to tabulate an accurate HDB loan amount.
5) As HFE is a very new system employed, more leeway will be given.
6) You may call the HDB hotline (1800-866-3066) or send in your query via their feedback channel to verify: https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback
7) An HFE takes 21 working days to approve. Since this is a new system just implemented on 9th May 2023. Therefore I won't be able to know how fast it could work.
8) But I'm aware that you have to ensure you do your submission correctly. A lot of people missed the submission step due to the way they design the portal. So take extra care to ensure you had applied successfully.
9) If you decided to go with a bank loan, no changes to their requirement, it will only need 3-month payslips. This is provided you did your HFE correctly, otherwise, it might still probe you for the 12-month payslips.
10) HFE is needed no matter if you are taking an HDB loan or bank loan.

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

Hope the above answer your main concerns, but if there are more queries, 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
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Hey, there.

1. With the new HDB Flat Eligibility (HFE) letter, the income assessment period has been changed to 12 months. However, since you have already collected 2 months of payslips in Singapore and have your 2022 payslips from a foreign country, you may submit these documents for consideration. It is also a good idea to obtain a letter from your current company to support your application.

2. If you wish to purchase a resale HDB flat earlier, you may consider obtaining a bank loan instead of an HDB loan. Banks may have different income assessment requirements, and you can approach various banks to explore your options.

3. If you opt for a bank loan, the HFE letter is still required as it determines your eligibility to purchase a new or resale HDB flat, as well as your eligibility for CPF housing grants. Banks may have their own income assessment requirements, which could differ from HDB's 12-month income assessment period.

Overall, the HFE letter is necessary regardless of whether you choose an HDB loan or a bank loan.

I hope this helps with clarifying your doubts.

If you need more help, do whatsapp me.

Anthony Yeo
 98791616 
CES, ACTA, CCMFP
Group District Director
Huttons Asia Pte Ltd Read More

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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

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Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More