Which properties are eligible for the
Home Equity Credit Card?
Availability is regulated by Singapore law (MAS + HDB). Not every property type can be used.
HDB vs Private Property
| Property type | Eligible? | Notes |
|---|---|---|
| HDB (incl. BTO, Resale) | 🚫 No | HDB Board prohibits home equity financing. Collateral is not allowed even with CPF. |
| Executive Condominium (EC) | 🚫 No (before MOP) | Minimum Occupation Period (MOP) is 5 years. After MOP, EC becomes Private Property → eligible. |
| Private Condominium | ✅ Yes | Typically up to 75% LTV. A valuation is required. |
| Landed Property | ✅ Yes | More flexibility, potential limits up to $500k. |
| Commercial / Industrial | ✅ Yes | Case-by-case, commonly used for SME financing. |
Key terms
What is MOP (Minimum Occupation Period)?
Five years of occupation for EC before it can be sold or pledged.
Why is HDB not eligible?
Government policy: HDB is for housing, not collateral-based financing.
Quick visual
HDB 🚫 → EC before MOP 🚫 → EC after MOP ✅ → Private Condo ✅ → Landed ✅
Own Private Property?
Check how much you can getHave HDB or EC (before MOP)?
Information is provided for educational purposes. All applications are subject to approval and MAS regulations. Sudbin does not provide home equity financing secured by HDB flats and ECs before the end of MOP.