remember the guy who said that $1000 can buy hdb flat?
The $1000 can buy hdb is talking about new flats not resale flat lah dumb ass
Now I am very confused, can I afford a HDB flat by working in my dream job of $1000/month? Because it says severely unaffordable woh, not just unaffordable woh... I repeat... severely unaffordable...
Originally posted by Summer hill:remember the guy who said that $1000 can buy hdb flat?
let me guess.......
shiny shiny botak head one isit?
must be rubbing his head to much on bamboo
Originally posted by 4sg:let me guess.......
shiny shiny botak head one isit?
must be rubbing his head to much on bamboo
yup
Originally posted by Summer hill:yup
dont yup.....
his wifey jap okie
Huat ah.
Originally posted by Summer hill:remember the guy who said that $1000 can buy hdb flat?
Actually what "it" mean is that $1000 can buy this kind of flat and it was never mention that it can be use for living, the key focus is the "possibly to buy it" and the good thing is you can engineered it whatever style your like :
Originally posted by M the name:
Actually what "it" mean is that $1000 can buy this kind of flat and it was never mention that it can be use for living, the key focus is the "possibly to buy it" and the good thing is you can engineered it whatever style your like :
Times are bad.
Originally posted by M the name:
Actually what "it" mean is that $1000 can buy this kind of flat and it was never mention that it can be use for living, the key focus is the "possibly to buy it" and the good thing is you can engineered it whatever style your like :
LOL 1k/mth u can buy a two room flat. Selling 107k. Housing grant 40k
Pray hard, u don't fall sick or went jobless. Coz u need to pay 30 year loan (if i didn't remember wrongly) And please forget abt the retirement
Get it clear.
It is a total household income (the person + wife) of $1K, that can apply for special grant to be qualified for a 2-room flat HDB flat under a welfare scheme. The scheme has always been there.In fact a person who is handicapped or extra poor can apply for these special schemes and welfare packages.
Originally posted by SevenEleven:We have been pwned
Pwn u dip dip.
Damn sad.
Originally posted by Lokey:Get it clear.
It is a total household income (the person + wife) of $1K, that can apply for special grant to be qualified for a 2-room flat HDB flat under a welfare scheme. The scheme has always been there.In fact a person who is handicapped or extra poor can apply for these special schemes and welfare packages.
Oh is total household income. I thought is personal income. Chey
Hmmm. I wonder how many can get this grant
Household income 1.1k, god bless u
Do you all know Malaysians, even at lower wages, can BETTER afford a roof over their head? Let's just take their earnings to be $500 and Singaporeans earnings to be $1000.
Given that you can get a nice 3 room apartment in Malaysia for $20k vs Singaporeans needing AT LEAST $100k for a 2 room flat, the affordability ratio based on salary to pay off having a roof over your head is 40 months for Malaysians vs 100 months for Singaporeans. That obviously is assuming you're using the entire salary to pay off the loan.
Let's not talk about what CPF money therefore no money upfront/outlay kind of nonsense because CPF is by right the citizens money except the government take it and release some to give back to you to pay for the house. Put it this way, will you be grateful to me if every month I DEMAND (no you cannot refuse!) from you $500 of your salary, then if you want to buy something, I say ok lah since you no money, I pay $300 for your home purchase so that you no need to spend any money from your salary. That is a fallacy because I already took your money, that $300 is YOUR MONEY, but I took it, so it looks like it's my money. But that's how the government works at the moment.
Don't get me wrong, I'm not complaining about the CPF scheme. I'm just complaining when they claim that's a BENEFIT and claiming CREDITS for it. In this case, they are claiming this as a BENEFIT when you purchase a house. Fuck lah, it's your money in the first place! How come they can twist the whole idea until it seems like they are helping you like that? Like what I said, will you be grateful if every month I take $500 from you and take $300 to help you pay off something so you no need to use your remaining salary to pay for it?
Originally posted by Gimchow:LOL 1k/mth u can buy a two room flat. Selling 107k. Housing grant 40k
Pray hard, u don't fall sick or went jobless. Coz u need to pay 30 year loan (if i didn't remember wrongly) And please forget abt the retirement
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/B6004B60783746C9482579820001E7CB?OpenDocument
At 1k/mth, you definitely have Additional CPF Housing Grant (AHG) of $40,000 and Special CPF Housing Grant (SHG) of $20,000
Let's say after all the grants, the average flat will cost $30k (minimum is $23k from BTO)
If you borrow the full $30k over 30 years (highly unlikely because you will definitely have some CPF savings), at HDB's 2.6% interest (bank is 1.2% now), you will need to pay $110.89 per month.
• Less than a quarter (22 per cent) of all borrowers have amortization periods longer than 25 years
• 34 per cent of those who most recently renewed or renegotiated their mortgages did so before their term expired. The average time to pay off a mortgage is 7.4 years less than the original amortization
http://www.caamp.org/press-releases.php?pid=31&article=701
Singapore has a better system, it would take at least 20-30 years to pay off your mortgage, it keeps Singaporeans employed till they are in their 70s.
Where has all the money from all the hard work gone?
Back to the government in the form of over-priced expensive housing.
Originally posted by βÎτά:
• Less than a quarter (22 per cent) of all borrowers have amortization periods longer than 25 years
• 34 per cent of those who most recently renewed or renegotiated their mortgages did so before their term expired. The average time to pay off a mortgage is 7.4 years less than the original amortization
http://www.caamp.org/press-releases.php?pid=31&article=701
Singapore has a better system, it would take at least 20-30 years to pay off your mortgage, it keeps Singaporeans employed till they are in their 70s.
Where has all the money from all the hard work gone?
Back to the government in the form of over-priced expensive housing.
Dude 40 year mortgages are being offered now.
Originally posted by alize:Dude 40 year mortgages are being offered now.
as MBT said "more affordable"
The banking families of Singapore profit too.
Originally posted by alize:Dude 40 year mortgages are being offered now.
And before you know it, there will be 60 years mortgages, for 20 years or younger...