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Hi,

1) The layman term of "The HDB Request for Value" is "request for a valuation".
2) In all purchasing scenarios, as long as you intend to utilize your CPF or getting a loan from Bank/HDB. It is a must to request a formal valuation.
3) In some of the replies you might have come across, it stated "bank loan is 75% LTV, this means your maximum loan is up to 75% of the valuation value.
4) Any selling price above valuation value is known as COV (Cash-Over-Valuation).
5) This is applicable to both private property and HDB flats.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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