Ridiculous HDB Prices

• sgdiehard

  4 Oct 13, 10:33

  Originally posted by Genie99b:

  sorry bro my hokkien not so good these days haha.... what is "luan"?

  买到乱。buying like hot cakes.

• Demon Bane

  7 Oct 13, 10:47

  The current prices are still high! Even for new BTOs...

• charlize

  7 Oct 13, 19:21

   

• M the name

  12 Oct 13, 15:32

  Impact & Implication of Total Debt Servicing Ratio (TDSR) on Property Buyer

   

  How will TDSR affect your loan eligibility?

   

  The Monetary Authority of Singapore (MAS) imposed toughter rules on mortgage loans with effect from 29 June 2013. Financial institutions are required to consider outstanding property loans and other non-property debt obligations such as car loans, credit card debts and other personal loans of borrowers, before granting a new home loan. Borrower's debt obligations must not exceed 60 per cent of his gross monthly income.

   

  This new scheme by MAS aims to tighten credit underwtiting practices and encourage prudent borrowing among property buyers and investors.

   

  Variable Income Earners

   

  Under this new framework, variable income earners will be among those most affected. With a hair-cut of 30 per cent, those dependent, bonuses and other forms of variable income, may have to re-think their finanical standing and their property investment strategy.

   

  Lead Time For Bank Loan Application

   

  To process bank loan applications, financial insitutions will require all bank statements and supporting documents of the borrower prepared. This includes all personal loan, car loan, credit card debt statements as well as commission or rent collected (for variable income earners), among others.

  Given the fluid nature of credit cards, how will banks assess credit card loans as part of the borrower's debt obligations? With this in mind, borrowers will need to consider the lead time required for banks to internalize all paperwork and process the loan application.

• Itedino

  19 Oct 13, 12:14

  Originally posted by ISTARI:

  I just bought a new HDB flat in Yishun. Cost $370,000. But I'm staying in JB and intend to stay there forever. Gonna rent out the rooms or unit once its ready. 

  
  You only risk your HDB being confiscate if you are a owner. And not living there. Now HDB officers in action.
• sgdiehard

  20 Oct 13, 07:49

  Originally posted by Itedino:

  
  You only risk your HDB being confiscate if you are a owner. And not living there. Now HDB officers in action.

  HDB is for Singaporean residence. it is people like him who are abusing the use of HDB, depriving other Singaporean residents, causing prices to hike. Those staying in JB should buy properties in iskanda or danga bay.

• charlize

  20 Oct 13, 13:50

  How is the housing situation now? 

   

  Still not enough flats being built?

   

  still too expensive? 

   

  Prices still climbing?

   

  what's the latest? 

• charlize

  23 Oct 13, 19:52

  Originally posted by Demon Bane:

  The current prices are still high! Even for new BTOs...

  o rly?

• Genie99b

  31 Oct 13, 18:36

  Originally posted by charlize:

  How is the housing situation now? 

   

  Still not enough flats being built?

   

  still too expensive? 

   

  Prices still climbing?

   

  what's the latest? 

  I heard its actually going down or stagnant. I guess the latest policies by the garment is effective. Credit where credit is due.

• charlize

  31 Oct 13, 18:39

  I heard you heard they heard.

• Genie99b

  31 Oct 13, 18:48

  Originally posted by charlize:

  I heard you heard they heard.

  http://www.bloomberg.com/news/2013-10-15/singapore-shows-asia-how-to-crack-down-on-housing-bubble.html

  The world is also listening in I guess

• sgdiehard

  2 Nov 13, 11:26

  Originally posted by charlize:

  I heard you heard they heard.

  that is why you are still watching wondering waiting....

• sgdiehard

  2 Nov 13, 11:26

  Originally posted by charlize:

  How is the housing situation now? 

   

  Still not enough flats being built?

   

  still too expensive? 

   

  Prices still climbing?

   

  what's the latest? 

  you staying in Singapore? don't hear from people, what do you think?

• charlize

  2 Nov 13, 12:56

  I think you think they think. 

• charlize

  3 Nov 13, 21:52

  

• Demon Bane

  6 Nov 13, 08:57

  The pricings can easily move up, the next 5 years....

• charlize

  6 Nov 13, 19:52

  Demand still very high.

   

  Confirm prices will huat.

• charlize

  7 Nov 13, 21:30

  Originally posted by Demon Bane:

  The pricings can easily move up, the next 5 years....

  Sure boh?

• Demon Bane

  8 Nov 13, 18:05

  Originally posted by charlize:

  Sure boh?

  Definitely ! Looking at the trend nowadays....

• charlize

  10 Nov 13, 10:36

  Damn crowded and expensive.

• charlize

  13 Nov 13, 21:55

  Huat ah/

• M the name

  16 Nov 13, 15:31

  Check out an example UK government 's scheme 'help to buy' model : http://youtu.be/PphwPFnNdU8

• charlize

  27 Nov 13, 00:01

  woot.

• charlize

  1 Dec 13, 00:34

  It's madness. 

• Mr Milo

  1 Dec 13, 10:57

  i hope i can have some place to place my own urn when i die