Discussion About Single & Hdb Flat Ownership + Hdb Loan (Compiled)

[Marineboy]

So its possible for zero cash if you are buying below valuation...hmmm bargain hard jefjef

 

Alien I did log in with my sinkpass but not even a date was there/

The thankyou letter is the tough luck letter I got the last time...I like to think it was a gesture of thanks hahahaha deluded indeed

[Guest]

So its possible for zero cash if you are buying below valuation...hmmm bargain hard jefjef

 

Alien I did log in with my sinkpass but not even a date was there/

The thankyou letter is the tough luck letter I got the last time...I like to think it was a gesture of thanks hahahaha deluded indeed

if purchase price is below valuation, minimum cash outlay is 5% of purchase price

[alien]

So its possible for zero cash if you are buying below valuation...hmmm bargain hard jefjef

Alien I did log in with my sinkpass but not even a date was there/

The thankyou letter is the tough luck letter I got the last time...I like to think it was a gesture of thanks hahahaha deluded indeed

Aiya, no date better than give u a date which is so long from now. Hdb simply just give me false hope lor.

If i really still able to get a flat when i go for the given appointment date, i turned str8 ah. Haha.

Edited November 28, 2013 by alien

[Marineboy]

LOL n get married n have 3kids etc

[Phil]

LOL n get married n have 3kids etc

Why only 3 kids?

[alien]

LOL n get married n have 3kids etc

Haha, u r very rite. But dun think it will ever happen.

[Marineboy]

Singapore had a stop at 2 campaign long time ago.

Trying to restore order if its not too late :smokin:

[alien]

Nobody mentioned anything on the stop at 2 campaign which happened here donkey yrs ago. So even now then try restore a bit too late liao. Anyone noticed tht tis round bto, the main page of the bto placed a photo of a typical married family with 2 kids. Seems like they are like hinting tht hdb bto flats shld still meant for married familes?!

[Phil]

Singapore had a stop at 2 campaign long time ago.

Trying to restore order if its not too late :smokin:

Thanks, Marineboy, I did not know that.

Consequences on the pension system?

[Phil]

Nobody mentioned anything on the stop at 2 campaign which happened here donkey yrs ago. So even now then try restore a bit too late liao. Anyone noticed tht tis round bto, the main page of the bto placed a photo of a typical married family with 2 kids. Seems like they are like hinting tht hdb bto flats shld still meant for married familes?!

So, Marineboy and alien, if you really want those flats, you know what you have to do...

[alien]

How come nobody mentioned abt the joint singles scheme? Wld it increase the chances of getting the bto thru tis scheme?

[HydroNaut]

How come nobody mentioned abt the joint singles scheme? Wld it increase the chances of getting the bto thru tis scheme?

 

Cause i dun think there might be a lot of joint singles applicants.

The 2-room flat already quite affordable with the grant, plus who would wanna share a pigeon hole together?

 

I think the only joint singles applicants might be those that earned less than $800 a month.

And cannot afford to pay $17,000 for a 2-room flat. Which likelihood would not be residing in here as they might not be internet savvy as well.   

Edited November 29, 2013 by HydroNaut

[alien]

I rem during the last bto when i went to site survey on the balance 2 rm flats, walked past one unit n saw 3 beds in the living rm! Still havent see the bedrm yet!

[Guest Guest]

i hope staying in hdb w 2rm units are not those residents w unsavory characters....u see tanglin halt, commonwealth those 2 rooms one....messy ppl.

 

 

[alien]

Maybe not all but pple who r staying in 2 rm cld be those 'messy pple' since before they allowed singles to buy 2 rm flats. Only pple who are low income earner wld buy 2 rm flat. But since now they allowed singles to buy 2 rm flat, next time u shld find so called better resident among 2 rm flats?! Haha.

[Marineboy]

I prefer 2 singles buy 2room BTO each ....then join together

 

You guys going to tikam?

Have been a little bz lately...I will look thru them n make last minute decision....a little unsure this round.

 

Phil long time ago the govt discouraged people to have more than 2 babies....

Some went made themselves sterile to benefit from the bonus handouts n priority schemes.

Now people got use to having less or even no babies...its too late for some..others don't give a shit.

 

Now they need/want more tax payers...what can I say

Need more slaves to support the landlords....perhaps!

Edited November 29, 2013 by Marineboy

[alien]

Tis round very hot leh! As of now the total applicants for bt batok is 920 n woodlands is 1520! Looks like tis tikam game really tough to play.

[Phil]

I prefer 2 singles buy 2room BTO each ....then join together

 

You guys going to tikam?

Have been a little bz lately...I will look thru them n make last minute decision....a little unsure this round.

 

Phil long time ago the govt discouraged people to have more than 2 babies....

Some went made themselves sterile to benefit from the bonus handouts n priority schemes.

Now people got use to having less or even no babies...its too late for some..others don't give a shit.

 

Now they need/want more tax payers...what can I say

Need more slaves to support the landlords....perhaps!

Thanks MB for this explanation.

Reminds me of PRC single child policy... and they too are considering changes.

Good luck for this lottery!

[Marineboy]

Phil looks like the lottery is easier

Alien thanks for the update

Still have a day to decide if $10 is worth throwing for the lucky dip...maybe Quickpick 5bg5sm instead :oops:

[alien]

The application number for bt batok has increased to 1056 n woodlands is 1723 as at now. Went to site survey the woodlands bto, the location indeed quite gd, very near ro mrt think roughly abt 5-7 mins walk. No wonder so popular!

I wld think throwing the $10 bucks buy quickpick maybe chances even higer than throwing to the bto.

[Guest Guest]

Pity those oldies who didn't buy 3 room in the last few recession and now panicking to fight the queue with current bigger single population. 

[Guest Guest]

Read an article in PropGuru couple of days ago in which Khaw was quoted as saying by 2016 a lot of new public flats will be ready, like tens of thousands. I remember a figure of 200,000 was quoted but can't recall if this includes new private flats as well.

Hence I think a significant number of resale flats will be available as existing owners will need to sell as they take up their new flats. I'm betting HDB resale prices will soften. It's already happening now, where some owners are no longer asking for high COV.

[Marineboy]

Guys remember the time HDB allowed singels to buy up to 3room flats in the open market?

Well the property market went south n the bigger resale flats had trouble to find buyers...guess what...they conveniently allowed singles to now buy larger flats from the open market.

Cant help feel that we are being used n kicked around sometimes.

 

Now we are allowed to get 2room BTO brand new from HDB...its certainly an improvement with 30% reserved for singles n those not taken will be released as well.

I noticed some places the 4 n 5roomers have poor demand as well...almost all 1st n 2nd timers will be able to get for those who applied.

 

Perhaps when the shit hits the fence of over building the larger flats against the demand...once again they might want to look in our direction once more.

I remain doubtful...........but who knows when people get desperate rules can change to benefit their agenda

[alien]

Correct, i think if certain hdb flats more supply than demand, as a result too many leftover. High chance hdb might allow singles to buy them, just to help hdb clear stock. As the demand for new hdb flats from the singles gp way over too high liao. So i guess no matter which type of flats or where is the location of the flats, surely will be taken all up by the singles, nothing left.

Unlike for 1st n 2nd timers, they are able to choose the location they want, n sometimes they are able to get the flat tht they applied. Whereas for singles at the current suitation, they just apply everywhere there is bto 2 rm flat regardless the location, sometimes really feel quite a sad case for singles. Cos if the singles are choosy, then dun know when will the person is able to get a bto flat liao. In the end most just tikam on every bto, haha.

Edited December 1, 2013 by alien

[Guest Guest]

Guys remember the time HDB allowed singels to buy up to 3room flats in the open market?

Well the property market went south n the bigger resale flats had trouble to find buyers...guess what...they conveniently allowed singles to now buy larger flats from the open market.

Cant help feel that we are being used n kicked around sometimes.

 

Now we are allowed to get 2room BTO brand new from HDB...its certainly an improvement with 30% reserved for singles n those not taken will be released as well.

I noticed some places the 4 n 5roomers have poor demand as well...almost all 1st n 2nd timers will be able to get for those who applied.

 

Perhaps when the shit hits the fence of over building the larger flats against the demand...once again they might want to look in our direction once more.

I remain doubtful...........but who knows when people get desperate rules can change to benefit their agenda

 

then how? then buy private condo lor.

[keyboard]

Actually Built-to-Order flats are like it says, must have people order than they can build. However, since this is public housing, better estimation should be given to location, design, amenities to say a few to prevent units that are not taken up. All the data are inside HDB. Over so many years, which are the units that are taken up first, which are the ones that are most rejected by people late in the queue. These costs of having flats empty, goes back to us indirectly.

 

Like yourself, i do hope the 3-5 rooms BTO will be opened up to singles, however, we are still at the back of the line, taking leftovers. It's not a fair game, thus please help yourself to feeling being used and kicked around.

[keyboard]

Actually Built-to-Order flats are like it says, must have people order than they can build. However, since this is public housing, better estimation should be given to location, design, amenities to say a few to prevent units that are not taken up. All the data are inside HDB. Over so many years, which are the units that are taken up first, which are the ones that are most rejected by people late in the queue. These costs of having flats empty, goes back to us indirectly.

 

Like yourself, i do hope the 3-5 rooms BTO will be opened up to singles, however, we are still at the back of the line, taking leftovers. It's not a fair game, thus please help yourself to feeling being used and kicked around.

[Guest alien]

The policy here will never fair to singles, cos they encourage and promote married family life n not single life. So they will tell u too bad if u want to remain single.

Anyway, even some married couples also complaint tht they cld not get any bto after many tries, n eventually went to buy resale flat. So some of these pple also might say tis is not fair game. Haha.

By the way, tis round bto closing tonite, so those who want to take part in the tikam better rem to submit ur application before midnight.

[Guest guest]

Also, singles have to pay $15K more.

[alien]

Hdb return u if u get married later.

[keyboard]

Considering singles keep paying $10 to tikam and will eventually get nothing back for the past few BTO. HDB actually earn a lot leh. Think like 3000+ singles applied, and only few hundreds will get, means perhaps $30k salary going to someone's pocket.

[alien]

Tis is sillypore no choice. They only know how to squeeze dry the pple here, everything here also can earn big bucks from the pple! I think if u r those singles who cannot afford to buy resale flat, then no choice but to continue to pay n pay $10 for tis tikam game. I believe those who can afford a resale flat, dun think wld be interested in tis tiny small 2 rm flat.

Edited December 2, 2013 by alien

[Marineboy]

oops less than one hour to go.

Eeny meeny minor more.....

[Phil]

Bonne chance! ;)

[Guest Guest]

If you heart pain about the miserable $10, then don't apply. Continue staying with your daddy and mummy and show the whole world how dependent a person you are. Remember you are applying for a subsidised housing and if you got it, you can easily make tens of thousand of S$ selling it after MOP.

[alien]

Dont think 2 rm flat can profit much even u sell it after MOP.

oops less than one hour to go.

Eeny meeny minor more.....

Haha, so in the end did u tikam? Edited December 3, 2013 by alien

[Guest Guest]

how many of you are still paying your monthly instalment for your flat?

a 10 years or 20 years loan? That means interest should be around 10 to 20K?

If so, is it tough and what if you are out of a job for a while?

Do you have emergency fund to dig into?
If renting a room out would help to pay for the instalment, is it be advisable?

Thanks.

[Guest Guest]

If one encounter desperate time, one will need to take desperate measures.

[Guest Guest]

At this price, a 35yo gainfully employed diploma holder are likely able to buy the 2room without loan.

[yoyo74]

Hi, I am going to buy HDB for first time and i would like to ask certain stuffs.

1. Is the Nov 2013 launches already closed?

2. At this point of time i should be waiting for Jan 2013 launch to open?

[yoyo74]

Another thing to ask...

If i earn $2400 per month will i be getting $10,000 SHG plus $2,500 AHG grants? Below is the link to SHG and AHG grants

 

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatSHGSingles?OpenDocument

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatAHGSingles?OpenDocument

 

Is the calculation for the amount = {[(Earnings in a month including CPF contribution) X 12] + total bonus per year} / 12

[otokonoko]

If you heart pain about the miserable $10, then don't apply. Continue staying with your daddy and mummy and show the whole world how dependent a person you are. Remember you are applying for a subsidised housing and if you got it, you can easily make tens of thousand of S$ selling it after MOP.

Continue staying with parents does not mean being dependent. You shouldn't be so narrow minded.

[alien]

Hi, I am going to buy HDB for first time and i would like to ask certain stuffs.

1. Is the Nov 2013 launches already closed?

2. At this point of time i should be waiting for Jan 2013 launch to open?

Nov 2013 BTO already closed. U can wait for jan 2014 BTO, location for 2 rm flat is at punggol n woodlands.

[Guest guest]

can buy hdb without using any cash ? just use Cpf to offset . renovation also use Cpf.nowsday  young ppl dun have extra cash in hamd.

[alien]

Renovation can use cpf?

[Marineboy]

Very unlikely....tan kuku

[Guest Guest]

Confirm you are 1 of those dependent oldies who are embarrassed of your situation.

Continue staying with parents does not mean being dependent. You shouldn't be so narrow minded.

 

[trumpeter]

Renovation can use cpf?

 

Yes for BTO now HDB offer to do flooring door and toilet as option and this can be include in the flat price so can use CPF

[trumpeter]

Another thing to ask...

If i earn $2400 per month will i be getting $10,000 SHG plus $2,500 AHG grants? Below is the link to SHG and AHG grants

 

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatSHGSingles?OpenDocument

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatAHGSingles?OpenDocument

 

Is the calculation for the amount = {[(Earnings in a month including CPF contribution) X 12] + total bonus per year} / 12

 

Yes you are correct in your calculation. Plus you have the Single grant of 15K

[alien]

Yes for BTO now HDB offer to do flooring door and toilet as option and this can be include in the flat price so can use CPF

I see, u mean if u opt for the extra furnishing tht hdb offer?! But the flooring govn by hdb not very nice lar.