HDB finally makes sense

My oh my... What good new abounds when you least expect it! I received this bulletin from HDB (I'm subscribed to their news alerts) today and boy was I very much elated that I had to blog this in right now!

They have basically halved requirements and increased ceilings.

Let me explain briefly, initial downpayment has been reduced from 20% to 10% of apartment value. The 10% can be fully paid by CPF! HDB Housing loan ceiling has been increased from 80% to 90%. That's only a portion of what the whole bulletin was trying to say.

Read on here.

What excellent news! Thank God!

Finally HDB makes sense.