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     Flat buyers taking an HDB loan need HDB loan eligibility letter

Continued from FrontPage of Article

Annex A
　
Transactions
When will the requirement for an HDB Loan Eligibility (HLE) Letter / Letter of Offer from bank apply?
Purchase of New Flats from HDB under the Walk-In-Selection, Balloting Exercise and Build-To-Order System Booking of new flats on or after 1 Jan 2007 *
Purchase of Resale Flats Resale Application received on or after 1 Jan 2007 *
Taking over existing flat ownership by transfer Application to take over the flat ownership by transfer received on or after 1 Jan 2007
Purchase of replacement flats by SERS flat owners Booking of replacement flats by SERS flat owners at SERS sites announced on or after 1 Jan 2007
Purchase of flats under Design, Build & Sell (DBSS) Scheme
　		 Booking of DBSS flats on or after 1 Jan 2007 by purchasers eligible for an HDB loan
　

* Date of valid HLE Letter/ Letter of Offer from bank must be before date of exercising Option to Purchase.
　

Source: www.hdb.gov.sg Press Release 13 Oct 2006