kidster Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, keyboard said: What does it mean by main water pipes is leaking? Got details like where, how it leaks? Was thinking, worst come to worst, just buy the flat and live with it if it's not something that will affect much? I can see water mark stains on the cabinet so I place a dry tissue on the pipe and showed to the agent. Her face turns black at an instant. She claimed it's a small problem. She said I'm not looking at the big picture. It's a high floor corner unit. I shouldn't be bothered about such small details. Till date, the unit is not sold although she sent me many screenshots of other potential buyers offering higher prices. I suspect she has 2 phones. Ownself send to ownself. haha. Consumers are not stupid these days. Bitch! Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted October 31, 2023 Report Share Posted October 31, 2023 Instead of a Bitch, you may consider switching to a Hunk agent. Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted October 31, 2023 Report Share Posted October 31, 2023 44 minutes ago, Guest Guest said: Housing grant already used up in the first flat? Yes Quote Link to comment Share on other sites More sharing options...
keyboard Posted October 31, 2023 Report Share Posted October 31, 2023 55 minutes ago, kidster said: I can see water mark stains on the cabinet so I place a dry tissue on the pipe and showed to the agent. Her face turns black at an instant. She claimed it's a small problem. She said I'm not looking at the big picture. It's a high floor corner unit. I shouldn't be bothered about such small details. Till date, the unit is not sold although she sent me many screenshots of other potential buyers offering higher prices. I suspect she has 2 phones. Ownself send to ownself. haha. Consumers are not stupid these days. Bitch! still can't quite imagine how much damage it is. if it sounds minor, perhaps you can just lower the price and tell her quick deal like in carouhell. 1 hour ago, Guest HDB said: Am pleasantly surprised to get the HFE Letter today without HDB SMS notification. I think HDB had made a blunder as my case doesn't need any assessment (no housing loan & grant). Everyone goes through the same shit every 6 months - tiagong this is to weed out potential buyers to reach kpi that there's no lack of supply since there's no real demand. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 21 hours ago, Guest HDB said: Yes, this new rule sucks. Not about the rule but it is the manpower that HDB cannot handle the volume to process all the HFE. Even after so many months, surprisingly still need to wait long for HFE to get approve. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 19 hours ago, Guest Guest said: I secured my unit back in 2009/10 during the Global Financial Crisis when prices fall 20%. During my viewing there were multiple parties who like the unit for its locational attributes and also on the highest floor. It is close to MRT/Bus Interchange linked to a 850,000 sq feet (GFA) shopping mall, plentiful of 24/7 eateries within walking distance, petrol station, gym, swimming pool. So convenient and it's everything I wanted. The crafty seller's agent then pitted us against each other with a asking COV of $50k. Long story short, my initial offer was $10k and was quickly increased by multiple parties in increment of $5-7k. The negotiation went on into late night 11pm via phone. Among the many parties, I got the deepest pocket so my COV of $45k secured the unit. It may be rare to find a top floor unit to avoid potential problems (toilet leaking, dripping laundry/mop, children playing basketball/roller blade during school holiday etc etc) but the time and effort spent to sniff out such a unit were worth it. Sounds like the surrounding of your unit is very good and convenience, no wonder the seller asks such a crazy high COV. $45k of COV is too high. Some people even that they can afford also might not want to spend their money on this stupid COV. But if you have deep pocket and willing to spend, then good for you. Next time when you sell, might fetch an even higher price than you have paid for. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, Guest HDB said: Am pleasantly surprised to get the HFE Letter today without HDB SMS notification. I think HDB had made a blunder as my case doesn't need any assessment (no housing loan & grant). Good for you. Managed to get your HFE about 1 month. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted October 31, 2023 Report Share Posted October 31, 2023 12 minutes ago, keyboard said: still can't quite imagine how much damage it is. if it sounds minor, perhaps you can just lower the price and tell her quick deal like in carouhell. Everyone goes through the same shit every 6 months - tiagong this is to weed out potential buyers to reach kpi that there's no lack of supply since there's no real demand. Wonder if my HFE already expired after 6 months, when i apply again, do i need to wait 1 month or longer like the first application? Or it would be shorter wait. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, kidster said: I can see water mark stains on the cabinet so I place a dry tissue on the pipe and showed to the agent. Her face turns black at an instant. She claimed it's a small problem. She said I'm not looking at the big picture. It's a high floor corner unit. I shouldn't be bothered about such small details. Till date, the unit is not sold although she sent me many screenshots of other potential buyers offering higher prices. I suspect she has 2 phones. Ownself send to ownself. haha. Consumers are not stupid these days. Bitch! Most agents would default tell you there are many offers from potential buyers to make you scare and quicky seal the deal by offering crazy high price which might not worth. If the house really have potential buyers offered high price and ended the unit is sold, so be it and move on. Never give in to these greedy sellers. Quote Link to comment Share on other sites More sharing options...
keyboard Posted October 31, 2023 Report Share Posted October 31, 2023 3 minutes ago, Guest Guest said: Wonder if my HFE already expired after 6 months, when i apply again, do i need to wait 1 month or longer like the first application? Or it would be shorter wait. The earliest you can apply is 30 calendar days before the expiry. The lead time is 21 working days for processing. It should be shorter as people will get tired of this if they don't really have a very serious intention to buy, just look how many people dropped out of the latest application due to lack of valid HFE. Quote Link to comment Share on other sites More sharing options...
keyboard Posted October 31, 2023 Report Share Posted October 31, 2023 4 minutes ago, Guest guest said: Most agents would default tell you there are many offers from potential buyers to make you scare and quicky seal the deal by offering crazy high price which might not worth. If the house really have potential buyers offered high price and ended the unit is sold, so be it and move on. Never give in to these greedy sellers. makes you wonder why the seller decided to sell the place in the first place, do they already know they live with neighbors from hell. Quote Link to comment Share on other sites More sharing options...
kidster Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, keyboard said: makes you wonder why the seller decided to sell the place in the first place, do they already know they live with neighbors from hell. Before even I pop the question, the agent knows what I wanted to ask and I always get the same answer. Oh! Nobody dies in this unit. The elderly parent passed away in hospital. Seems like a SOP answer. Haha Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, keyboard said: The earliest you can apply is 30 calendar days before the expiry. The lead time is 21 working days for processing. It should be shorter as people will get tired of this if they don't really have a very serious intention to buy, just look how many people dropped out of the latest application due to lack of valid HFE. Didn't know i can reapply 30 calendar days before the expiry. Example if my HFE expired on 2 dec, i can submit to reapply for my HFE on 1 Nov, right? So that it would not affect my search of my house when it expired on 2 Dec. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 14 minutes ago, kidster said: Before even I pop the question, the agent knows what I wanted to ask and I always get the same answer. Oh! Nobody dies in this unit. The elderly parent passed away in hospital. Seems like a SOP answer. Haha Those died of natural death in the house, don't think the agent would be honest to tell you even if it happened. This is why don't buy too old flat, cause cannot track the history of the house accurately. Best is to buy those flats just MOP or less than 10 year old. Chances of something bad happened in the house should be lower. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 31, 2023 Report Share Posted October 31, 2023 1 hour ago, keyboard said: makes you wonder why the seller decided to sell the place in the first place, do they already know they live with neighbors from hell. The seller confirmed would not tell you if they live with neighbors from hell. Even if i am selling and i know that my neighbors are from hell, i also would not reveal the truth even the buyer asked. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted October 31, 2023 Report Share Posted October 31, 2023 Buyer should ideally conduct a face to face interview with the seller to determine the history of the property. During my viewing I did ask the seller why he wanted to sell his BTO bought 15 years ago and he answered that he wanted to unlock his $100,000+ profit and more importantly he was gainfully employed with children studying in Poly. If there were any tragedy or death within the flat it will definitely surfaced during the chat. Facial expressions says a lot. Be observant. No point talking to the agent. Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted October 31, 2023 Report Share Posted October 31, 2023 2 hours ago, Guest guest said: Those died of natural death in the house, don't think the agent would be honest to tell you even if it happened. This is why don't buy too old flat, cause cannot track the history of the house accurately. Best is to buy those flats just MOP or less than 10 year old. Chances of something bad happened in the house should be lower. Yes, it happened. The opposite unit of my next-door neighbour from hell was finally sold early this year after the original owner had passed on in late 2021 (though not at home). The lady who bought it told me that she only found out a week before she moved in from the deceased's brother. The property agent acting for the latter knew about it but lied that the owner got a a new flat. Quote Link to comment Share on other sites More sharing options...
keyboard Posted October 31, 2023 Report Share Posted October 31, 2023 7 hours ago, kidster said: Before even I pop the question, the agent knows what I wanted to ask and I always get the same answer. Oh! Nobody dies in this unit. The elderly parent passed away in hospital. Seems like a SOP answer. Haha Thought there's some new rule that must tell if there's someone died but also same lah, hospital died also will visit the last known location, if not visit hospital because died there meh. 7 hours ago, Guest guest said: Didn't know i can reapply 30 calendar days before the expiry. Example if my HFE expired on 2 dec, i can submit to reapply for my HFE on 1 Nov, right? So that it would not affect my search of my house when it expired on 2 Dec. That's per HDB website, try logging in closer to the 30 days and see if the option to re-apply is available. As long as you don't leave to last minute, there shouldn't be impact. The calling/email to HDB to expedite process a bit stupid since it just goes into a queue of expedited requests anyway. Quote Link to comment Share on other sites More sharing options...
Sweetie Pie Posted November 1, 2023 Report Share Posted November 1, 2023 (edited) 13 hours ago, Guest HDB said: Am pleasantly surprised to get the HFE Letter today without HDB SMS notification. I think HDB had made a blunder as my case doesn't need any assessment (no housing loan & grant). Why no grant for senior like you? I thought short-lease HDB got grant for senior since it comes with several restrictions of not saleable and not rentable conditions and govt tried to encourage senior to downgrade or was it because your parents are not staying within the same vicinity as you? Edited November 1, 2023 by Sweetie Pie Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 1, 2023 Report Share Posted November 1, 2023 1 hour ago, Sweetie Pie said: Why no grant for senior like you? I thought short-lease HDB got grant for senior since it comes with several restrictions of not saleable and not rentable conditions and govt tried to encourage senior to downgrade or was it because your parents are not staying within the same vicinity as you? I have already taken it when I bought my present flat (one time only). Hence, I am now ineligible for HDB grant and new 99-year lease BTO flat. However seniors (55 years & above) can buy a short lease 2-room Flexi BTO Flat (up to 45 years). Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 1, 2023 Report Share Posted November 1, 2023 17 hours ago, Guest guest said: The seller confirmed would not tell you if they live with neighbors from hell. Even if i am selling and i know that my neighbors are from hell, i also would not reveal the truth even the buyer asked. I will have an uphill task when the time comes to sell my house Quote Link to comment Share on other sites More sharing options...
keyboard Posted November 1, 2023 Report Share Posted November 1, 2023 46 minutes ago, Guest HDB said: I will have an uphill task when the time comes to sell my house Don't ask, don't tell. Plus who knows, by then your neighbour already return to hell liao. That's what I always tell myself. Quote Link to comment Share on other sites More sharing options...
Sweetie Pie Posted November 1, 2023 Report Share Posted November 1, 2023 9 hours ago, Guest HDB said: I have already taken it when I bought my present flat (one time only). Hence, I am now ineligible for HDB grant and new 99-year lease BTO flat. However seniors (55 years & above) can buy a short lease 2-room Flexi BTO Flat (up to 45 years). Share with us your entire process from applying to getting your short least Flexi BTO, to selling your existing house, and subsequent allocation of sales proceeed, to moving in to your new place and the simple renovation you have in mind and new experiences thereafter. Whether you like it - the pros and cons...etc Quote Link to comment Share on other sites More sharing options...
kidster Posted November 1, 2023 Report Share Posted November 1, 2023 20 hours ago, Guest Guest said: Buyer should ideally conduct a face to face interview with the seller to determine the history of the property. During my viewing I did ask the seller why he wanted to sell his BTO bought 15 years ago and he answered that he wanted to unlock his $100,000+ profit and more importantly he was gainfully employed with children studying in Poly. If there were any tragedy or death within the flat it will definitely surfaced during the chat. Facial expressions says a lot. Be observant. No point talking to the agent. If the seller engages an agent, there is no chance to meet the seller in person. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 1, 2023 Report Share Posted November 1, 2023 20 hours ago, Guest Guest said: Buyer should ideally conduct a face to face interview with the seller to determine the history of the property. During my viewing I did ask the seller why he wanted to sell his BTO bought 15 years ago and he answered that he wanted to unlock his $100,000+ profit and more importantly he was gainfully employed with children studying in Poly. If there were any tragedy or death within the flat it will definitely surfaced during the chat. Facial expressions says a lot. Be observant. No point talking to the agent. During house viewing, some seller don't even appear and let the agent handle. Or some seller don't interact with buyers during viewing. It really depends individually, some seller quite chatty with buyers. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 1, 2023 Report Share Posted November 1, 2023 19 hours ago, Guest HDB said: Yes, it happened. The opposite unit of my next-door neighbour from hell was finally sold early this year after the original owner had passed on in late 2021 (though not at home). The lady who bought it told me that she only found out a week before she moved in from the deceased's brother. The property agent acting for the latter knew about it but lied that the owner got a a new flat. If the owner did not passed away in the house still ok. If you are buying those house that the previous owner is elderly and then sold due to the owner has passed on, there might be chance that the owner might passed away in the house or also not in the house. If you want to buy then cannot scare or worry if the agent is telling the truth or not. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 1, 2023 Report Share Posted November 1, 2023 11 hours ago, Guest HDB said: I have already taken it when I bought my present flat (one time only). Hence, I am now ineligible for HDB grant and new 99-year lease BTO flat. However seniors (55 years & above) can buy a short lease 2-room Flexi BTO Flat (up to 45 years). Seniors (55 years & above) that can buy a short lease 2-room Flexi BTO Flat also must not exceeded the income ceiling of $14k if i remember correctly. So not everyone can downgrade or buy one. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 1, 2023 Report Share Posted November 1, 2023 A quick question, if i want to buy a resale, would it be better to get a 2 rm or 3 rm if i want a newer type of flat and yet do not want to stretch my budget too much. Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 1, 2023 Report Share Posted November 1, 2023 45 minutes ago, Guest guest said: Seniors (55 years & above) that can buy a short lease 2-room Flexi BTO Flat also must not exceeded the income ceiling of $14k if i remember correctly. So not everyone can downgrade or buy one. 👏👏👏 Eligibility Conditions For Seniors Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 1, 2023 Report Share Posted November 1, 2023 2 hours ago, Sweetie Pie said: Share with us your entire process from applying to getting your short least Flexi BTO, to selling your existing house, and subsequent allocation of sales proceeed, to moving in to your new place and the simple renovation you have in mind and new experiences thereafter. Whether you like it - the pros and cons...etc Not yet lah. I just got my HFE Letter and intend to apply for a short-lease flat in the upcoming BTO exercise next month. The procedure is the same as buying a new flat: https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/timeline Quote Link to comment Share on other sites More sharing options...
keyboard Posted November 1, 2023 Report Share Posted November 1, 2023 8 hours ago, Guest guest said: A quick question, if i want to buy a resale, would it be better to get a 2 rm or 3 rm if i want a newer type of flat and yet do not want to stretch my budget too much. That question is too varied. The cost of any flat in different estates - just look at BTO prices. So you could get a 3 rm in ulu location and not stretch your budget or a 2 rm in central location that stretches your budget. 10 hours ago, Sweetie Pie said: Share with us your entire process from applying to getting your short least Flexi BTO, to selling your existing house, and subsequent allocation of sales proceeed, to moving in to your new place and the simple renovation you have in mind and new experiences thereafter. Whether you like it - the pros and cons...etc 8 hours ago, Guest HDB said: Not yet lah. I just got my HFE Letter and intend to apply for a short-lease flat in the upcoming BTO exercise next month. The procedure is the same as buying a new flat: https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/timeline (Correct me if there's misinformation) Point to note as you will need to return the grant that was previously provided from previous flats. Since you havent sold the old flat, you need to cough up the money for the new flat first, after which the sold flat will be back into CPF (if you used a CPF loan) and gets stuck in there. It is not very clear if the exception applies on all cases? The other event for seniors is that at age 55, you will form your Retirement Account where SA/OA will be swept to meet your FRS with reduced CPF contribution into OA. Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 2, 2023 Report Share Posted November 2, 2023 2 hours ago, keyboard said: (Correct me if there's misinformation) Point to note as you will need to return the grant that was previously provided from previous flats. Since you havent sold the old flat, you need to cough up the money for the new flat first, after which the sold flat will be back into CPF (if you used a CPF loan) and gets stuck in there. It is not very clear if the exception applies on all cases? The other event for seniors is that at age 55, you will form your Retirement Account where SA/OA will be swept to meet your FRS with reduced CPF contribution into OA. Yes. After selling my flat, I will have to refund the CPF principal amount withdrawn as well as the housing grant taken (total sum plus accrued interest). However, if you are age 55 & above, the amount refunded to CPF will be used to top up your Retirement Account, up to the Full Retirement Sum (FRS). How much CPF savings can I withdraw? Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 2, 2023 Report Share Posted November 2, 2023 Singapore HDB Resale Flat Price Guide: How Much Should You Pay, Based on Q3 2023 Resale Flat Data Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 2, 2023 Report Share Posted November 2, 2023 2 hours ago, Guest HDB said: Yes. After selling my flat, I will have to refund the CPF principal amount withdrawn as well as the housing grant taken (total sum plus accrued interest). However, if you are age 55 & above, the amount refunded to CPF will be used to top up your Retirement Account, up to the Full Retirement Sum (FRS). How much CPF savings can I withdraw? Just to add that 1. Flat Buyers Keep The Housing Grants Given To Them 2. You will have to pay a resale levy if you buy another subsidised flat from HDB: Quote Link to comment Share on other sites More sharing options...
Sweetie Pie Posted November 2, 2023 Report Share Posted November 2, 2023 14 hours ago, Guest HDB said: Not yet lah. I just got my HFE Letter and intend to apply for a short-lease flat in the upcoming BTO exercise next month. The procedure is the same as buying a new flat: https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/timeline Good, then everyone here can understand the entire process - from your application, to balloting, to shortlisting, to choosing your unit, to total cash payments upfront, to applying optional facilities, to selling your existing flat, to knowing how much you can use from your sales proceed to pay the flexi unit, to getting your key, showing us your flat and its surrounding, to knowing your new neighbours and finally your settling down and writing new chapter in your life about your remaining "reitred" life. Quote Link to comment Share on other sites More sharing options...
Sweetie Pie Posted November 2, 2023 Report Share Posted November 2, 2023 6 hours ago, keyboard said: That question is too varied. The cost of any flat in different estates - just look at BTO prices. So you could get a 3 rm in ulu location and not stretch your budget or a 2 rm in central location that stretches your budget. You then choose the one you believe offers the best value for the money and most importantly, follow your instincts and learn about future development in that area. My previous visit to Yishun with my agent yielded a few excellent, reasonably priced units that were within some distances from the MRT. I made the decision to visit the same block both during the day and at night in order to gauge my preference for the atmosphere and surroundings before making a big decision. I thought the location was a little strange and out of place, especially during the night when you can't feel it in day time. It will terrify me to think of living there alone.. Then, one day, a unit in a matured town appeared close to where my parents were. I wanted to wait, but my instinct pulled me to a pen nearby, and I signed the option to buy right away, even if the valuation was a little more and the COV was a little more than my budget. I never had remorse after that; otherwise, I would have regretted by now if my feelings hadn't moved quickly. Recently the new BTO launched, just a kilometer away from my old flat , now fetched twice the price of my current unit. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 13 hours ago, keyboard said: That question is too varied. The cost of any flat in different estates - just look at BTO prices. So you could get a 3 rm in ulu location and not stretch your budget or a 2 rm in central location that stretches your budget. In current market, even the so called ulu location for a newer resale 3 rm also not cheap. All are selling at $400k plus to high $400k. Whereas the 2 rm resale is selling $300k plus, maybe can get it between $320k to $350k. But i thinking if i am paying $400k plus, should i consider to buy a 30 years old plus 4 rm flat. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 6 hours ago, Sweetie Pie said: You then choose the one you believe offers the best value for the money and most importantly, follow your instincts and learn about future development in that area. My previous visit to Yishun with my agent yielded a few excellent, reasonably priced units that were within some distances from the MRT. I made the decision to visit the same block both during the day and at night in order to gauge my preference for the atmosphere and surroundings before making a big decision. I thought the location was a little strange and out of place, especially during the night when you can't feel it in day time. It will terrify me to think of living there alone.. Then, one day, a unit in a matured town appeared close to where my parents were. I wanted to wait, but my instinct pulled me to a pen nearby, and I signed the option to buy right away, even if the valuation was a little more and the COV was a little more than my budget. I never had remorse after that; otherwise, I would have regretted by now if my feelings hadn't moved quickly. Recently the new BTO launched, just a kilometer away from my old flat , now fetched twice the price of my current unit. So you ended up buying an old resale flat? How much you paid for it? I feel that if you are able to afford, buying that is near your parents quite worth it. No point staying far far away from your parents. Whether the flat you buy is old or new, Quote Link to comment Share on other sites More sharing options...
keyboard Posted November 2, 2023 Report Share Posted November 2, 2023 18 minutes ago, Guest guest said: In current market, even the so called ulu location for a newer resale 3 rm also not cheap. All are selling at $400k plus to high $400k. Whereas the 2 rm resale is selling $300k plus, maybe can get it between $320k to $350k. But i thinking if i am paying $400k plus, should i consider to buy a 30 years old plus 4 rm flat. Depends on how long you intend to stay in that flat. e.g. Buy a 30 years flat, (get senior BTO at 35, build 5 years) sell at 40 years, you break even or lose a bit. After 40 is how much money you lose till it get en bloc at possibly 65 (likely never if they added additional room or upgrade toilet etc). Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 10 minutes ago, keyboard said: Depends on how long you intend to stay in that flat. e.g. Buy a 30 years flat, (get senior BTO at 35, build 5 years) sell at 40 years, you break even or lose a bit. After 40 is how much money you lose till it get en bloc at possibly 65 (likely never if they added additional room or upgrade toilet etc). Looks like buying a house not easy, so many factors to consider and think thru, really making me stress and headache. Quote Link to comment Share on other sites More sharing options...
keyboard Posted November 2, 2023 Report Share Posted November 2, 2023 1 minute ago, Guest guest said: Looks like buying a house not easy, so many factors to consider and think thru, really making me stress and headache. If money is not an issue, no need think so much. Rook Rook Cee Cee, happy just buy. No stress! Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 9 minutes ago, keyboard said: If money is not an issue, no need think so much. Rook Rook Cee Cee, happy just buy. No stress! Money is an issue or not, still need to think, cannot anyhow buy. Cause after buying, needs to stay in that house for at least another 5 years. The other day i viewed on unit, unblock view and above 12 floor. But the unit is facing a traffic junction downstairs and vacant land. Ended up cannot consider at all. So feel stress again. Quote Link to comment Share on other sites More sharing options...
keyboard Posted November 2, 2023 Report Share Posted November 2, 2023 2 minutes ago, Guest guest said: Money is an issue or not, still need to think, cannot anyhow buy. Cause after buying, needs to stay in that house for at least another 5 years. The other day i viewed on unit, unblock view and above 12 floor. But the unit is facing a traffic junction downstairs and vacant land. Ended up cannot consider at all. So feel stress again. Why cannot consider, feng shui ah? Don't too mi xin, a lot of houses face traffic junction, people don't live there also die per normal. Unnecessary stress is linked to early/unnatural deaths. Let me give you another perspective. 1. Know the max limit you will pay for any type of flat 2. Go look for any type of flat that is within limit 3. You will be willing to pay up to your limit when you found your right unit - you will know when you see it 4. Plus, you won't know what you missed because there's no way people so free to check every listing online 5 years very fast pass one you know, first 5 years do simple renovation. If don't like, by close to 5th year, start looking for another flat. No harm, and 35 years flat easy to sell also. Quote Link to comment Share on other sites More sharing options...
Guest HDB Posted November 2, 2023 Report Share Posted November 2, 2023 22 hours ago, Guest HDB said: Not yet lah. I just got my HFE Letter and intend to apply for a short-lease flat in the upcoming BTO exercise next month. The procedure is the same as buying a new flat: https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/timeline 7 hours ago, Sweetie Pie said: Good, then everyone here can understand the entire process - from your application, to balloting, to shortlisting, to choosing your unit, to total cash payments upfront, to applying optional facilities, to selling your existing flat, to knowing how much you can use from your sales proceed to pay the flexi unit, to getting your key, showing us your flat and its surrounding, to knowing your new neighbours and finally your settling down and writing new chapter in your life about your remaining "reitred" life. 1. Here's a very detailed write-up on the buying procedure for an HDB BTO flats: https://blog.moneysmart.sg/property/hdb-bto-flat-guide/ 2. This is based on my experience on buying my current unit that TOP in early-2018: Mid-2014 - Applied for BTO flat & waited about a month for ballot results End-2014 - Booked unit & paid the option fee (NETS only) After booking a unit, you also have to decide whether to have or not to have the “Optional Component Scheme”, i.e. floor finishes provided & sanitary fittings installed for your flat. If you’re not fussy, then go for it as cost was only about $3K for my 2-room then but quality of tiles & fittings and workmanship were not so good. Mid-2015 -Signed HDB lease agreement and paid downpayment + legal fees & stamp duty (CPF &/or Cashier's Order) Early-2018 - Collected keys and paid balance of the flat price (i.e. less downpayment & housing grant) + some small misc fees (CPF &/or Cashier's Order) Reason for full payment - No loan taken 3. If you intend to sell your existing property and use the proceeds towards the purchase of your BTO/Resale flat, banks do provide Bridging Loan on top of the Housing Loan. A Bridging Loan is basically a short-term loan that is usually for 6 months and to be repaid in full once you receive the proceeds from the sales of your old property. However, HDB does not provide Bridging Loan but have Enhanced Contra Facility instead for Resale flats (I don’t know whether it is applicable for BTO flats). Quote Link to comment Share on other sites More sharing options...
thickhead79 Posted November 2, 2023 Report Share Posted November 2, 2023 A four-room HDB flat at Block 591A Ang Mo Kio Street 51 was sold for S$1 million in October 2023. The unit at Cheng San Court, located above the 30th floor, was the first flat in that block to be sold for the S$1 million milestone. The previous high was S$990,000. Two units, located between the 25th and 30th floors, were sold for that amount in March 2023. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 51 minutes ago, keyboard said: Why cannot consider, feng shui ah? Don't too mi xin, a lot of houses face traffic junction, people don't live there also die per normal. Unnecessary stress is linked to early/unnatural deaths. Let me give you another perspective. 1. Know the max limit you will pay for any type of flat 2. Go look for any type of flat that is within limit 3. You will be willing to pay up to your limit when you found your right unit - you will know when you see it 4. Plus, you won't know what you missed because there's no way people so free to check every listing online 5 years very fast pass one you know, first 5 years do simple renovation. If don't like, by close to 5th year, start looking for another flat. No harm, and 35 years flat easy to sell also. Unit facing directly a traffic junction really feng shui not very good, most importantly is it would be quite noisy from the traffic sound. Esp at night when you are sleeping. Sometimes even close the window also can hear. What you mean by point 4? If don't like and move house, needs to spend lots of money lor. Cannot anyhow move house. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 2, 2023 Report Share Posted November 2, 2023 16 minutes ago, thickhead79 said: A four-room HDB flat at Block 591A Ang Mo Kio Street 51 was sold for S$1 million in October 2023. The unit at Cheng San Court, located above the 30th floor, was the first flat in that block to be sold for the S$1 million milestone. The previous high was S$990,000. Two units, located between the 25th and 30th floors, were sold for that amount in March 2023. This is super crazy. 😅 Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted November 2, 2023 Report Share Posted November 2, 2023 Rich new citizen driving both property and COE up? Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted November 2, 2023 Report Share Posted November 2, 2023 7 hours ago, Guest HDB said: 1. Here's a very detailed write-up on the buying procedure for an HDB BTO flats: https://blog.moneysmart.sg/property/hdb-bto-flat-guide/ 2. This is based on my experience on buying my current unit that TOP in early-2018: Mid-2014 - Applied for BTO flat & waited about a month for ballot results End-2014 - Booked unit & paid the option fee (NETS only) After booking a unit, you also have to decide whether to have or not to have the “Optional Component Scheme”, i.e. floor finishes provided & sanitary fittings installed for your flat. If you’re not fussy, then go for it as cost was only about $3K for my 2-room then but quality of tiles & fittings and workmanship were not so good. Mid-2015 -Signed HDB lease agreement and paid downpayment + legal fees & stamp duty (CPF &/or Cashier's Order) Early-2018 - Collected keys and paid balance of the flat price (i.e. less downpayment & housing grant) + some small misc fees (CPF &/or Cashier's Order) Reason for full payment - No loan taken 3. If you intend to sell your existing property and use the proceeds towards the purchase of your BTO/Resale flat, banks do provide Bridging Loan on top of the Housing Loan. A Bridging Loan is basically a short-term loan that is usually for 6 months and to be repaid in full once you receive the proceeds from the sales of your old property. However, HDB does not provide Bridging Loan but have Enhanced Contra Facility instead for Resale flats (I don’t know whether it is applicable for BTO flats). What is the total transaction fees ( legal and stamp fees)? Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted November 2, 2023 Report Share Posted November 2, 2023 Now I am doing my budget with intention in applying for the PLUS flat sometime in early to mid 2024. Quote Link to comment Share on other sites More sharing options...
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