HDB Loans

HDB further extends suspension of late payment charges on mortgage arrears

The Housing and Development Board (HDB) will further extend the suspension of late payment charges on HDB mortgage arrears to Mar 31 next year, to help cushion the impact of COVID-19, said National Development Minister Desmond Lee on Thursday (Oct 1). HDB suspended late payment charges on mortgage arrears for three months in April, then extended it to Sep 30. In a Facebook post, Mr Lee said that...

CPF, HDB mortgage interest rates unchanged for third quarter of 2019

Central Provident Fund (CPF) members will continue to earn interest at 2.5 per cent per annum on their Ordinary Account (OA) and at 4 per cent per annum on their Special and Medisave accounts (SMA) between Jul 1 and Sep 30. The concessionary interest rate for Housing and Development Board (HDB) mortgage loans - pegged at 0.1 per cent above the OA interest rate - will remain unchanged at 2.6 per cent per...

HDB loans out of reach

Income ceiling for extended family scheme is too low My husband and I are buying a resale flat. We are first-time applicants and our combined monthly income is below $8,000, so we would qualify for the Housing and Development Board (HDB) concessionary loan. To encourage first-time applicants and young couples to stay with their parents, the HDB recently introduced the extended family scheme, with a new...

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