The Potential of HDB Flats: Guide to the Voluntary Early Redevelopment Scheme (VERS), VERS Scheme and Lease Expires | Selective en bloc redevelopment scheme (SERS) | SERS and VERS Flat Owner 

by | Sep 27, 2023

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Introduction 23

Imagine a city where the very homes themselves are given a chance at rebirth, where the aging structures find new life and purpose.

Welcome to the Voluntary Early Redevelopment Scheme, or VERS, a visionary program introduced by the Housing and Development Board (HDB) in Singapore.

In a world where the notion of time is carved into the foundations of homes, VERS is the key to unlocking a brighter future for both homeowners and the city itself.

Whether you’re a homeowner looking for answers or simply intrigued by the transformation of aging estates, join us as we unravel the captivating tale of VERS, where the past meets the promise of a brighter tomorrow.

Key takeaways

  1. VERS Introduction: VERS is a program by HDB addressing lease decay, offering homeowners lease renewal and potential redevelopment benefits.
  2. VERS Eligibility: Homeowners with at least 30 years left on their leases can apply for VERS.
  3. VERS Options: Residents can choose redevelopment (selling to the government) or continue living in their existing flat until the lease ends.
  4. Factors for VERS: Decision factors include the condition of flats, infrastructure needs, and financial feasibility.
  5. Government Commitment: VERS aligns with the government’s commitment to affordable housing for future generations.
  6. SERS Overview: SERS rejuvenates aging housing estates, providing better living conditions and fresh 99-year leases.
  7. SERS Process: Carefully planned process with compensation packages and consultation with residents.
  8. SERS Benefits: Upgraded housing, financial potential, and improved resale values for flat owners.
  9. Lease Buyback: Elderly citizens can monetize their HDB flat through the lease buyback scheme, retaining the right to live in it.
  10. VERS Importance: VERS ensures affordable and sustainable housing, addressing the lease decay issue and offering renewal options.


The Voluntary Early Redevelopment Scheme (VERS) in Singapore is a program introduced by the Housing and Development Board (HDB) to address the issue of lease decay in public housing.

With the majority of HDB flats having a 99-year lease, VERS offers homeowners an opportunity to renew the lease and potentially benefit from redevelopment.

The government has been making concerted efforts to rejuvenate and renew our older housing estates.

Recognizing the need for progress and modernization, the government has taken back flats in selected estates, with the aim of transforming them into vibrant and modern communities.

The initiative, which was first introduced in August 1995, seeks to breathe new life into these older estates by developing them with new housing and amenities.

Home owners in these estates will be given the opportunity to sell their property back to the government before the end, thus ensuring a smooth transition and minimal disruption for residents.

With the government’s commitment to buy back these flats, residents can be assured of a fair and seamless process.

This initiative not only promises an upgraded living environment but also fosters a sense of community and togetherness.

The government’s vision to renew our older housing estates is a testament to their dedication to improving the quality of life for all citizens.

The VERS will be a voluntary  offers HDB flat owners the option to voluntarily return their flats to the government for redevelopment after a 99-year lease period.

This scheme aims to address the concerns of HDB flat owners who are worried about the decreasing value of their aging flats as the lease runs down.

Under VERS, the government will compensate flat owners for the remaining lease that they give up, based on a percentage of the HDB flat’s value.

This compensation will help provide financial security for flat owners and also incentivize them to participate in the scheme.

The value of HDB flats is influenced by various factors, such as location, size, and amenities, and may appreciate or depreciate over time.

By offering owners the opportunity to proactively surrender their flats for redevelopment, VERS aims to prevent a situation where owners are left with an aging asset that has limited value.

VERS is part of the government’s urban redevelopment strategy, which focuses on optimizing land use and enhancing the quality of living in Singapore.

The scheme recognizes that urban areas need to be continuously revitalized to meet the evolving needs of the population.

By redeveloping HDB flats, the government can create modern, sustainable, and vibrant housing estates that cater to the changing preferences and requirements of Singaporeans.

Additionally, VERS allows the government to align its housing policies with long-term demographic and economic trends, ensuring that resources are allocated efficiently and effectively.

It is important to note that VERS is a voluntary scheme, and flat owners have the autonomy to decide whether to participate.

The government’s efforts to renew older HDB estates are also demonstrated through the Selective En Bloc Redevelopment Scheme (SERS), which identifies aging HDB precincts with redevelopment potential and acquires these flats under compulsory acquisition.

The introduction of VERS complements SERS by giving flat owners in any HDB estate the option to participate, further expanding the government’s commitment to the renewal and rejuvenation of Singapore’s public housing landscape.

Overview of Voluntary Early Redevelopment Scheme (VERS) in Singapore

VERS voluntary early redevelopment scheme public housing HDB

Under VERS, homeowners of HDB flats and estates that have at least 30 years left on their leases can apply for the scheme.

The government will select eligible precincts for redevelopment, similar to the Selective En Bloc Redevelopment Scheme (SERS).

When a precinct is selected for VERS, residents have two options.

Firstly, they can vote in favor of redevelopment, which involves selling their flats to the government at a mutually agreed price.

The homeowners will then have the option to purchase a new flat in the redeveloped estate or elsewhere.

Secondly, residents can choose not to opt for redevelopment and continue to live in the existing flat until the end of the lease.

The decision to proceed with VERS takes into consideration factors such as the physical condition of the flats, infrastructure requirements, and the financial feasibility of redevelopment.

It is important to note that the government’s decision will be based on the collective interest of the homeowners in the precinct.

While VERS is voluntary, the government has emphasized its commitment to ensuring a sustainable and affordable housing landscape for Singaporeans.

Prime Minister Lee Hsien Loong has mentioned that VERS is a way to offer options to homeowners with ageing leases, balancing their interests with the need to provide affordable housing for future generations.

The introduction of VERS is a significant step in addressing the lease decay issue in public housing.

It allows homeowners to have a say in the future of their estates and provides them with options to continue living in a renewed and upgraded environment.

The scheme also ensures that public housing remains a viable and affordable option for Singaporeans.

In conclusion, the Voluntary Early Redevelopment Scheme (VERS) in Singapore offers homeowners of HDB flats and estates the opportunity to renew their leases and potentially benefit from redevelopment.

By giving residents the option to choose between redevelopment and continuing to live in their existing flats, VERS aims to provide sustainable and affordable housing for Singaporeans.

Selective En bloc Redevelopment Scheme (SERS) Development Board

Overview of Selective En bloc Redevelopment Scheme (SERS)

The Selective En bloc Redevelopment Scheme (SERS) is a program initiated by the Singapore government to rejuvenate aging public housing estates and provide better living conditions for residents.

Under SERS, the Housing and Development Board (HDB) identifies older housing estates with redevelopment potential and acquires the land for redevelopment.

One key aspect of SERS is that it involves the acquisition of leasehold properties.

The government offers flat owners a fresh 99-year lease with replacement flats in new developments.

This ensures that residents can continue living in the same area but in upgraded housing units.

The details of the SERS process are carefully planned.

The HDB consults with residents, addressing their concerns and ensuring that their needs are taken into consideration.

The compensation package includes the market value of the acquired property, an additional compensation amount, and various benefits such as removal allowances and optional rehousing benefits.

A notable example of a successful SERS project is the Marine Parade estate.

In 2016, Prime Minister Lee Hsien Loong announced the SERS plan for the estate, which was built in the 1970s.

The redevelopment includes new private and public housing, commercial spaces, and recreational amenities.

The implementation of SERS has several advantages.

For flat owners, it provides an opportunity to upgrade their living environments and potentially realize a financial upside when they acquire fresh 99-year leases.

Additionally, the new developments contribute to the overall improvement of the surrounding area and enhance the resale market value of adjacent properties.

The Selective En bloc Redevelopment Scheme (SERS) is a proactive approach by the Singapore government to revitalize older housing estates.

Through SERS, residents can enjoy improved housing conditions and potentially benefit from the financial upside of acquiring fresh 99-year leases in the redevelopment projects.

The Selective En bloc Redevelopment Scheme (SERS) and Voluntary Early Redevelopment Scheme (VERS) are initiatives introduced by the Housing Development Board (HDB) in Singapore.

Under these schemes, HDB home owners in aging estates have the opportunity to sell their flats to the government when their lease expires.

This is particularly beneficial in estates with high redevelopment potential.

The VERS scheme is a voluntary one where home owners can choose to sell their flats to the government before the end of their lease, while SERS is a scheme where the government selects blocks for redevelopment.

However, not all HDB estates are eligible for SERS or VERS.

For those that are not, home owners are left with the tough decision of what to do when their lease expires.

Some may choose to sell their flat privately, while others may decide to continue living in their unit until the lease runs out.

Overall, the future of HDB estates will depend on the government’s plans for redevelopment and the choices made by home owners when their lease ends.

Buy Back

The lease buyback scheme is a program introduced by the Singapore government to help monetize the value of a Housing and Development Board (HDB) flat for elderly citizens.

Under this scheme, HDB flat owners can choose to sell part of their lease back to the government, while retaining the right to live in the flat for the remainder of their lives.

The scheme is meant to provide a source of income for the elderly and to enable them to age in place.

The government also subsidizes the cost of the scheme, making it more affordable for the elderly.

HDB flats in Singapore typically have a 99-year lease, and the lease buyback scheme allows the government to reclaim the flat once the lease reaches a certain number of years, usually 40.

This scheme is particularly beneficial for HDB flat owners living in sites with high redevelopment potential, as they can receive a higher percentage of the value of their flat.

Many sites with high redevelopment potential have already seen the benefits of this scheme.

In recent years, there has been a significant increase in the number of older estates being chosen for Selective En bloc Redevelopment Scheme (SERS) by the government.

These estates often consist of aging flats that are in dire need of renovation and redevelopment.

Under SERS, the government takes back these flats and provides compensation to home owners in order to facilitate the redevelopment process.

However, in some cases, home owners are allowed to continue living in their flats until the end of the scheme, while in others, they are required to vacate their flats before the end.

This has caused some discontent among home owners who were hoping to benefit from the new developments in their estates.

Nevertheless, for those who have been selected for SERS, there is a silver lining.

Home owners will be able to sell their properties to the government at a premium, thereby enabling them to move to a new and upgraded space.

The government’s commitment to buying back these properties reinforces its dedication to improving the overall living conditions and infrastructure of older estates.

This initiative not only benefits the home owners by providing them with financial flexibility, but also contributes to creating more vibrant and sustainable neighborhoods.

On the other hand, for individuals who do not fall under SERS, selling their property may prove to be a much more challenging task.

With the government’s focus on rejuvenating older estates, potential buyers are increasingly attracted to estates with new developments and modern amenities.

Thus, selling a property in an older estate may require additional efforts and resources.

The government’s proactive approach in redeveloping older estates is commendable, as it not only enhances the quality of living for residents in these estates, but also plays a crucial role in the overall urban planning and development of the nation.

Understanding the Need for VERS

Understanding the Need for VERS

In Singapore, public housing plays a critical role in ensuring affordable and sustainable housing for its citizens.

However, as lease lengths approach expiration, concerns arise about the future of these housing estates.

To address this issue, the Singapore government introduced the Voluntary Early Redevelopment Scheme (VERS).

Background of public housing in Singapore

Singapore’s public housing, managed by the Housing and Development Board (HDB), has been a cornerstone of the country’s housing policy since its inception in the 1960s.

These estates are typically sold on a 99-year lease, providing Singaporeans with an affordable place to live.

However, as these leases approach their 70 years, concerns over the remaining lease and its impact on resale value have become more prominent.

In a National Day Rally address, the government introduced VERS as a means to address these concerns.

The scheme offers fresh 99-year leases to homeowners who choose to participate, allowing them to benefit from the redevelopment potential of their housing estates.

Comparison with other redevelopment schemes

VERS differs from the existing Selective En-bloc Redevelopment Scheme (SERS) in several ways.

While SERS is a compulsory scheme that targets aging housing blocks with redevelopment potential, VERS is voluntary and focuses on housing estates that have yet to reach the SERS eligibility criteria.

While SERS provides homeowners with compensation, replacement flats, and a rehousing package, VERS is generally considered to be less generous.

However, VERS allows homeowners to sell their units back to the government for redevelopment, providing them with a financial upside.

Importance of VERS in maintaining housing affordability and sustainability

VERS plays a crucial role in maintaining housing affordability and sustainability in Singapore.

By providing homeowners with the option to participate in redevelopment, the government ensures that these aging estates can be renewed and remain attractive to buyers.

One key issue that VERS addresses is the decay of leasehold assets.

As leases approach their expiration, the resale value of properties may decline, causing homeowners to face difficulties in selling or financing their homes.

VERS offers an avenue for homeowners to unlock the redevelopment potential of their estates, ensuring that they continue to be valuable assets.

Additionally, VERS aligns with the government’s efforts to provide alternative housing options for Singaporeans.

By redeveloping older estates, the authorities can offer replacement flats within the same vicinity, allowing residents to remain in their familiar communities.

Overall, VERS is a proactive measure implemented by the Singapore government to address the lease decay issue and ensure that affordable housing remains available for its citizens.

By empowering homeowners to participate in redevelopment, while also providing financial incentives, VERS ensures the long-term sustainability of the public housing system and the financial well-being of its residents.

Note: It is important to consult official sources such as the HDB website or government announcements for the most up-to-date and accurate information regarding VERS and any government schemes.

How VERS Works Public Housing HDB

How VERS Works

The HDB lease is a critical aspect of public housing in Singapore.

It determines the length of time a homeowner is granted the right to occupy a particular flat, typically for a 99-year period.

It is important to acknowledge that the lease will eventually expire, and this has significant implications for homeowners.

While some may choose to sell their flats before the lease expires, there will be a portion of homeowners who will voluntarily stay and continue to live in their flats until the end of the lease.

This is partly because HDB flats are heavily subsidised by the government, making them an affordable housing option for Singaporeans.

It is worth noting that homeowners who are left on the lease when the flats reach a certain age are still able to benefit from redevelopment plans.

The government has introduced schemes that allow homeowners to upgrade their flats or choose to move to newer developments.

It is a prudent move for homeowners to consider the number of years left on the lease as it can have an impact on the resale value of their flats.

While it is understandable that buyers may be hesitant to purchase flats with a shorter lease, it is important to recognize that there are still many HDB flats with considerable years left on their lease, making them a viable housing option for many Singaporeans.

The Housing and Development Board (HDB) plays a vital role in Singapore’s urban redevelopment strategy.

As the primary provider of public housing, HDB’s value goes beyond merely sheltering the population.

It actively works to create vibrant and sustainable communities.

With a growing population and limited land resources, the redevelopments of older HDB estates become essential to maximize land use and enhance the quality of living for residents.

Singapore’s housing model is unique as HDB flats are sold on a leasehold basis.

This means that after a certain number of years, the lease expires, and the land reverts back to the state.

To ensure that housing remains affordable and accessible, HDB towns are frequently rejuvenated through the Lease Buyback Scheme (LBS).

Under this voluntary scheme, eligible elderly residents have the option to sell part of their lease back to HDB and receive a monetized sum.

The government then redevelops the vacated units into new housing to meet the demand for public housing.

Another initiative called the Voluntary Early Redevelopment Scheme (VERS) was introduced recently.

This scheme allows residents in older HDB estates to vote for the precinct to undergo redevelopment.

If successful, residents will be given the option to move to another flat in the same town or receive compensation for their homes.

Such strategic interventions by HDB ensure that public housing flats remain affordable while addressing the urban needs of a rapidly changing society.

The Voluntary Early Redevelopment Scheme (VERS) will offer HDB flat owners a 99-year lease extension for their homes.

This policy aims to provide homeowners with more options when it comes to the value of their HDB flats and to ensure a sustainable urban redevelopment strategy.

By extending the lease, the government is allowing homeowners to continue to live in their homes for a longer period of time and potentially generate more value from their properties.

Furthermore, VERS will also enable the government to redevelop older HDB estates to meet the changing needs of the population.

This integrated approach will help to rejuvenate and enhance the surrounding areas, creating more vibrant and sustainable communities for residents.

While the exact details of VERS are still being finalized, it is anticipated that this scheme will be a significant step forward in ensuring the long-term value and liveability of HDB flats.

Eligibility criteria for VERS

To be eligible for the Voluntary Early Redevelopment Scheme (VERS), the Housing & Development Board (HDB) stipulates that the property must have a 99-year lease.

VERS is designed to subsidize the redevelopment of public housing estates that have reached the end of their full 99-year lease.

This ensures that property owners who are eligible for VERS can have their properties redeveloped.

The eligibility criteria for VERS also takes into consideration the demand for public housing and the sizes of families residing in older estates.

The HDB selects eligible estates based on various factors, such as the lease expiry dates and the potential demand for housing in those areas.

The 99-year lease for HDB flats in Singapore has recently become a topic of concern and debate.

With HDB flats being a popular choice for Singaporeans, it is important to understand the implications and consequences of this lease.

Currently, over 80 per cent of HDB flats are on leases that have less than 60 years remaining.

This raises questions about the future value and marketability of these flats.

The urban redevelopment strategy employed by the government plays a crucial role in this discussion.

When a lease expires, the government typically acquires the land and redevelops it.

This process, known as the Selective En bloc Redevelopment Scheme (SERS), aims to renew and rejuvenate older estates.

However, not all HDB flats are eligible for SERS.

The government chooses the flats based on various factors such as location and potential for redevelopment.

This has left many Singaporeans uncertain about the fate of their HDB flats once the lease expires.

While the government has assured Singaporeans that it will continue to provide a range of options for housing, including public rental flats and the Home Ownership Program (HDB), concerns about the dwindling lease period have not been fully addressed.

The demand for HDB flats remains high, particularly among young Singaporeans starting their families.

However, the decreasing lease period raises doubts about the long-term viability and value of these properties.

As Singapore continues to evolve and develop, it is crucial for the government to address the concerns surrounding the 99-year lease, ensuring transparency and clarity for current and future HDB flat owners.

Process of VERS application and approval

The process of applying for VERS involves various steps.

Firstly, the HDB evaluates the value of the public housing estates to determine their redevelopment potential.

The HDB then formulates a strategy that includes compensation packages for the affected property owners.

These packages may include a combination of cash payments, rehousing options, such as new flats, or other benefits.

Once the compensation package is finalized, the HDB seeks approval from the property owners through a ballot.

If the majority of the property owners support the redevelopment, the VERS application is approved, and the redevelopment process can begin.

It is important to note that not all eligible estates will undergo redevelopment, as the decision ultimately rests with the property owners.

Flats in older estates can be a source of concern for many residents.

These estates, built decades ago, often face issues such as aging infrastructure, maintenance problems, and a lack of amenities.

As a result, some residents may consider selling their flats in order to move elsewhere.

However, before the end of the lease, the government has the right to take back these flats for redevelopment purposes.

This can be a daunting prospect for residents who have invested time and money into their homes.

The government’s intention is to revitalize these older estates and improve the living conditions for all residents.

While it may seem unsettling to have to give up one’s property, the government offers compensation and assistance to those affected.

They have implemented schemes that allow residents to sell their flats back to the government at a fair market price.

This can provide a sense of security and financial stability for residents who wish to move to newer and better-maintained estates.

The process of selling one’s property to the government may involve various legal and administrative requirements, but the government provides support and guidance throughout the process.

In addition, the government is committed to ensuring that residents are not left homeless and provides alternative housing options for those affected.

Although it may be a difficult decision to make, selling one’s flat back to the government can be a practical and beneficial option for residents living in older estates.

It not only allows them to move to more modern accommodations but also contributes to the overall improvement and development of the community.

Role of the Housing & Development Board (HDB) in implementing VERS

The Housing & Development Board (HDB) plays a crucial role in implementing VERS.

It identifies older housing estates that are reaching the end of their lease and evaluates their potential for redevelopment.

The HDB works closely with property owners to inform them about the benefits and implications of participating in VERS.

The HDB also ensures that elderly residents in older estates are taken care of during the redevelopment process.

This may involve providing suitable rehousing options that cater to the specific needs of the elderly population.

The demand for public housing is continually assessed by the HDB, and estates are selected for VERS based on this demand and other factors, such as the age and condition of the HDB blocks.

The HDB’s goal is to ensure that the redevelopment of these estates meets the needs of both current and future residents of public housing in Singapore.

VERS is a scheme introduced by the HDB to subsidize the redevelopment of public housing estates in Singapore.

By offering compensation packages and rehousing options, VERS aims to provide property owners with an opportunity to enhance their living environment and meet the evolving needs of the community.

The HDB plays a crucial role in implementing VERS, ensuring that the process is fair, transparent, and addresses the demand for public housing in the country.

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The significance of VERS and its contribution to estate redevelopment

The Voluntary Early Redevelopment Scheme (VERS) in Singapore has proven to be a significant initiative in revitalizing older estates and providing better living conditions for residents.

By allowing estate owners to vote on whether to initiate redevelopment, VERS ensures that there is a collective decision-making process in transforming aging estates.

Through VERS, older blocks of flats can undergo comprehensive redevelopment, resulting in upgraded and more modern apartments.

This not only improves the quality of housing but also enhances the overall living environment in these estates.

The availability of replacement sites and the expectation of replacement flats further assure residents that they will have access to affordable homes within their communities.

The benefits of VERS for homeowners and the community

Benefits and Implications of VERS

VERS brings several benefits for homeowners and the community at large.

Firstly, homeowners are assured of adequate compensation, either in the form of cash or in exchange for compensation in the new development.

This ensures that residents are fairly compensated for their properties and can afford to relocate within the redeveloped estate.

Furthermore, VERS minimizes the disruption caused by relocation.

Homeowners can continue to live in their familiar neighborhoods and enjoy the social connections they have built over the years.

This stability is crucial for community cohesion and ensures that the community’s overall well-being is taken into account during the redevelopment process.

Looking ahead: The potential for VERS in driving property growth and providing attractive prices for redevelopment

As Singapore aims to meet the evolving needs of its residents, VERS plays a vital role in driving property growth and development.

With the availability of land parcels and the potential for comprehensive redevelopment, property players have the opportunity to create attractive prices for redevelopment projects.

The above-market VERS prices offered by the government provide an added incentive for property owners to participate in the scheme.

This not only ensures that homeowners receive fair compensation but also helps prevent a drag on resale prices in the market.

Moreover, VERS instills confidence in property owners and investors, as it signals the government’s commitment to maintaining the value of properties in older estates and providing opportunities for growth and development.

In conclusion, VERS has proven to be an effective mechanism for estate redevelopment in Singapore.

With its benefits for homeowners, the community and the potential for driving property growth, VERS is a valuable tool in ensuring that Singapore’s housing landscape remains vibrant and sustainable for years to come.

Frequently Asked Questions

What is the voluntary early redevelopment scheme (VERS)?

VERS, short for voluntary early redevelopment scheme, is a program initiated by the Singapore government to renew older Housing Board (HDB) estates. It is part of the government’s efforts to address the urban redevelopment strategy and meet the demand for accessible housing in the country.

Who is responsible for implementing the VERS?

The VERS program is overseen by the Minister for National Development, Desmond Lee. The aim is to provide alternatives for residents living in aging HDB flats and offer them alternate housing options.

How does VERS differ from the Selective En bloc Redevelopment Scheme (SERS)?

While both VERS and SERS are aimed at renewing aging HDB estates, VERS is voluntary while SERS is a compulsory acquisition by the government. VERS allows residents to decide whether they want to be part of the redevelopment scheme, while SERS is implemented when the government deems it necessary to acquire the land for redevelopment.

How does VERS work?

Under VERS, the government gives residents the option to sell their HDB flats to the government at a subsidized price. The government then redevelops the land, potentially allowing residents to buy new flats in the same location, or offering them priority allocation in other HDB developments.

What happens if I don't participate in VERS?

If you choose not to participate in VERS, you can continue living in your existing HDB flat until the lease expires. You can still sell the flat through regular resale processes or choose to keep it until the lease runs out and return it to the government.

How long is the lease for HDB flats under VERS?

Similar to other HDB flats, the lease under VERS is typically 99 years. This means that residents will have a long-term stake in the property and can enjoy the benefits of homeownership for several decades.

Will all HDB flats be eligible for VERS?

No, not all HDB flats will be eligible for VERS. The government will be highly selective in choosing which estates to include in the program. Factors such as the age of the estate, remaining lease, and feasibility of redevelopment will be taken into account when deciding the eligibility of a particular location.

Can I use my CPF for housing if I participate in VERS?

Yes, if you decide to purchase a new HDB flat under VERS, you can use your CPF savings for the down payment and monthly installments, subject to eligibility criteria. You should consult with the relevant financial institutions and agencies to understand the specific details and requirements.

Can I combine the LTV ratio for different loans?

Yes, it is possible to combine the LTV ratio for multiple loans. For example, if you have an existing home equity loan and you want to apply for a new mortgage loan, the lender will consider the combined loan-to-value (CLTV) ratio, which is the total loan amount divided by the appraised value or purchase price of the property.

How does the LTV ratio vary between HDB loans and bank loans?

The LTV ratio can vary between HDB loans and bank loans. The maximum LTV ratio for HDB loans is determined by the HDB, while banks and financial institutions may have their own criteria for setting the LTV ratio for bank loans. It is important to check with the respective lenders for the specific LTV ratio requirements.

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