The Health Minister have to answer this
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Originally posted by sbst275:JUST SHUT UP...
I dun support PAP or sort... Or talk rubbish like you, never see things then scold...
Last time, in the 1980's, downpayment was either 20% cash or 10% CPF 10% cash... Now is 5% cash... Rest can be bank loan... Isn't now better? Can't you just think?
Anyway, SPH might have gotten into trouble
do you know how flats are in 1980 compared to now !!!!
.... and that the rules were changed to along home owners to use CPF to pay 20 % of the downpayment ?!?!!
tats the case until 1st Jan 2004 when 2 % cash was added each year.
http://era.erasingapore.com.sg/home0/answer/hdbNew.htm
If the maximum loan provided together with the CPF savings is still insufficient to meet the resale price, the balance will have to be paid in cash.
From 1st January 2004, those financing their mortgages through bank loans will be required to pay 2% of the 20% downpayment in cash. The quantum of the cash portion will increase by 2% each year, while the CPF portion for the downpayment will decrease by 2% each year, until 1st January 2008 when both portions of the downpayment are equal at 10%. The cash downpayment is in addition to the cash-over-valuation for cases where the transacted resale price is above market valuation. Buyers must pay this difference in cash. -
Please, you would say times have changed...Originally posted by crazy monkey: do you know how flats are in 1980 compared to now !!!!
.... and that the rules were changed to along home owners to use CPF to pay 20 % of the downpayment ?!?!!
tats the case until 1st Jan 2004 when 2 % cash was added each year.
http://era.erasingapore.com.sg/home0/answer/hdbNew.htm
If the maximum loan provided together with the CPF savings is still insufficient to meet the resale price, the balance will have to be paid in cash.
From 1st January 2004, those financing their mortgages through bank loans will be required to pay 2% of the 20% downpayment in cash. The quantum of the cash portion will increase by 2% each year, while the CPF portion for the downpayment will decrease by 2% each year, until 1st January 2008 when both portions of the downpayment are equal at 10%. The cash downpayment is in addition to the cash-over-valuation for cases where the transacted resale price is above market valuation. Buyers must pay this difference in cash.
But, isn't the cash downpayment % weightage have dripped over the years? And now, govt open up bank loan market, lower rates... -
With SBS...Originally posted by NAMELESS WONDER:what,tell me more can?
I have posted as abv..
Say buses only used for 12 years instead of 17 years allowed... If that is true, the non aircon single decks which came in 1988 - 1989 would have been scrapped long ago -
before 2004 no cash for house sold at valuation.Originally posted by sbst275:Please, you would say times have changed...
But, isn't the cash downpayment % weightage have dripped over the years? And now, govt open up bank loan market, lower rates...
after 1 st Jan 2004 2% cash required
after 1 st Jan 2005 4% cash required
now its 5% the weightage has increased !!!
for house owners who face economic difficulties and need to downgrade, where are they going to find 5 % cash !!! average value of 4-room flat 200 k 5% is $ 10, 000.
why must they pay cash ? why cant they use cpf ? cpf not their own money ? -
Caught you... No wonder you have been angry...Originally posted by crazy monkey:before 2004 no cash for house sold at valuation.
after 1 st Jan 2004 2% cash required
after 1 st Jan 2005 4% cash required
now its 5% the weightage has increased !!!
for house owners who face economic difficulties and need to downgrade, where are they going to find 5 % cash !!! average value of 4-room flat 200 k 5% is $ 10, 000.
why must they pay cash ? why cant they use cpf ? cpf not their own money ?
Since when by right CPF $$ can be touched? -
before 2004 20 % can be made from CPF no cash is required for houses sold at valuation.Originally posted by sbst275:Caught you... No wonder you have been angry...
Since when by right CPF $$ can be touched?
farking hell. your teacher never say you are damn farking stupid ?
if you still dont understand you can call any housing agent and ask them to explain to you. -
Originally posted by crazy monkey:
Sold @ valuation... Are all flats sold @ valuation price I ask you 1st?
[b]before 2004 20 % can be made from CPF no cash is required for houses sold at valuation.
farking hell. your teacher never say you are damn farking stupid ?
if you still dont understand you can call any housing agent and ask them to explain to you.
[/b]
And you haven't answered... Are you ever allowed to touch CPF $$? -
By right, I dun think anyone should reply to someone who cannot control his language
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i never say CPF cannot be used. you are the one who keep insisting 20% downpayment must be in cash.Originally posted by sbst275:Sold @ valuation... Are all flats sold @ valuation price I ask you 1st?
And you haven't answered... Are you ever allowed to touch CPF $$?
at current market condition plenty of flats are sold at or below valuation.
before 1 st Jan 2004 downgraders can buy new flats without coming up with cash but CPF. now they have to come up with 5 % no matter wat. -
i am thinking when this will pop up again... but no it had change topic to HDB/CPFOriginally posted by greengoblin:Due to over whelming interest in NKF, all threads will be consolidated into one main thread {the one opened by Heartlander} which will be made sticky for the convenience of all. All those who wish to post petitions, please be directed to draggÂ’s thread.
Please help keep Speaker's Corner a tidy corner for all -
so had the Health Minister answer to this??????????
?????
ohhhhh..... i want to know what is going on now... or am i the oni one..... alll 4get liao.... -
he oredi wash his hands and siam. everything push to nkf new bod.Originally posted by Joshua1975:so had the Health Minister answer to this??????????
?????
ohhhhh..... i want to know what is going on now... or am i the oni one..... alll 4get liao....