Comments on: Does Your Income Match Your Housing Type?

By: iphone

iphone — Tue, 17 Jan 2012 23:44:32 +0000

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By: ngeeky

ngeeky — Sun, 09 Oct 2011 02:59:44 +0000

hi, can have a revised article base on 2011 context ?

By: increase their pay

increase their pay — Fri, 01 Oct 2010 10:30:15 +0000

maybe they are not paid enough. we should pay them more so they can be better and faster.

By: No HDB?

No HDB? — Thu, 30 Sep 2010 14:19:31 +0000

Poor bt Surviving: Just wrote to them ytd and got a bloody templated motherhood reply today.. not helping at all. Guess I have to make appointment with MP… but then again, read alot of negatives feedback on MP channel too

By: Poor but surviving

Poor but surviving — Thu, 30 Sep 2010 09:42:53 +0000

No HDB : It varies from case to case; just write in to HDB to appeal!

By: No HDB?

No HDB? — Thu, 30 Sep 2010 05:01:23 +0000

Hi HDB Desperate,

I am in the same case with u!! Overshot by 675 did u appeal and gotten ur flat?

I am intending to appeal but not sure how to… went to see EC but need a whopping 60k incl of stamp duty… its out of my reach…

By: chnrxn

chnrxn — Wed, 11 Aug 2010 02:36:56 +0000

@More than 10K less than 16K:

There are a couple of points I feel you have missed and no one seems to have caught.

If you are making more than 10K as a couple, assuming each makes >4.5k, you will each get $1035 into your CPF-OA every month.

Total contribution per month is $900 (employee) + $653 (employer). $1035 goes into OA, the rest goes into SA/Medisave.

Another point, 4-room flats in Bedok are still mostly transacting at around $400k, with the flats built in 2005/2006 fetching nearer to $500k. Remember you can only take 80% loan, so even a $500k flat means a loan of $400k, spread over 30 years at 3.75%, means $1848/mth.

Combined, you will have $2070/mth to pay your installment. You are definitely able to pay the installments using CPF alone, without cutting into your disposable income.

You can check HDB resale transaction prices here:
http://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp

By: HeapAlgo

HeapAlgo — Tue, 27 Apr 2010 09:16:03 +0000

LowIncomeWorker :
I appreciate your attitude . As your PM mentioned in one of his speeches, do ur best for ur children. Make sure they can succeed and do well. As far as house goes, good luck. It will be hard but i hope u can manage

By: LowIncomeWorker

LowIncomeWorker — Tue, 27 Apr 2010 09:15:15 +0000

People with 8k salary can offer a better price than people like me whose combined income with hubby is only 3.2k . This will surely push resale flat even further. Im really very curious and sometimes it makes me laugh. How can a single person earning 8k per month cannot buy a 600k private housing? Please spare a thought for lower income people like me. We are poorly educated due to family financial circumstances, thus we have low salary. Please do not fight with us for subsidised flats.

By: LowIncomeWorker

LowIncomeWorker — Tue, 27 Apr 2010 08:59:12 +0000

Hi,
I am earning 1500 a month, and my husband earning 1700 a month. We have 2 children. We are O’level educated and low income workers and living in 3 room flat. We do not have to resort eating bread daily, we do bring our children for outings weekly, we have insurances but we barely have savings. With people of 8k salary wanting to buy HDB flats, i worry that it may push HDB flats further. What will happen to people like me then?