Buying a HDB Flat
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Have you heard of people who don't earn alot of money and yet they still go and buy a hdb flat and pay by instalement and in fact, the monthly money they pay to hdb/bank is only enough to pay for the interest?
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emm.. now then you know?
loan for 20 years.
i break this up for you.
200k - hdb (3 room)
subsidies of 30k.
170k
to pay 170k in 20 years
interest rate of 3%
you need to pay about 729 dollar per month.
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Originally posted by youyayu:
emm.. now then you know?
loan for 20 years.
i break this up for you.
200k - hdb (3 room)
subsidies of 30k.
170k
to pay 170k in 20 years
interest rate of 3%
you need to pay about 729 dollar per month.
This $729 per month is just for interest or also include the monthly instalement?
If you are really so poor, buy a 2 room or 1 room hdb flat than
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What exactly is your point then?
You think 2 room HDB is less then $200k nowadays?
Where have you been living? Under a rock?
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Originally posted by viciouskitty74:
What exactly is your point then?
You think 2 room HDB is less then $200k nowadays?
Where have you been living? Under a rock?
If you look at this hdb website, you will find out that 2 room hdb flats can cost as low as $87 000. And this is before deducting the subsidies.
You yourself must be the 1 living under the rock
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Yes... almost everyone in sg who live in HDB does that...
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I think you really need to compare PSF( per square foot ) price between the two types of HDB.
If I am not wrong.. smaller apartments have a higher PSF cost than bigger apartments.
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Originally posted by xunni:
If you look at this hdb website, you will find out that 2 room hdb flats can cost as low as $87 000. And this is before deducting the subsidies.
You yourself must be the 1 living under the rock
LOL......try getting one then tell us about your experience and ability to acquire one.
Its obviously not as expensive as living under my kind of rock.
BTW, your link did not show about the prices you stated. So please try to enlighten us living under rocks fellas further with better statistics about that $87/- HDB purchase.
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Originally posted by viciouskitty74:
LOL......try getting one then tell us about your experience and ability to acquire one.
Its obviously not as expensive as living under my kind of rock.
BTW, your link did not show about the prices you stated. So please try to enlighten us living under rocks fellas further with better statistics about that $87/- HDB purchase.
You are a tard. I can get a 2 room HDB flat for only $5000. 3 Room only $45000. 4 Room only $120000. In tiong bahru, redhill area somemore. Its because I am better than you thats why I can get them at such low low prices. The HDB say I am better than ever and ask me whether I want to lim kopi with their managers. -
Originally posted by xunni:
Have you heard of people who don't earn alot of money and yet they still go and buy a hdb flat and pay by instalement and in fact, the monthly money they pay to hdb/bank is only enough to pay for the interest?
Yes, I heard of ppl barely touch the 8k ceiling buy boon keng city view flat for 600K. After selecting the flat then do the math then realise they everyday have to eat grass. So they forfeit their selection but had to fork out the deposit. Ouch.
Interest rate for HDB loan is 2.6%, depending on your age, can take up to 30 years. I think the max is 35, not so sure.
CPF contribution can take max safe level of 35% combined household income.
So lets say you work out the monthly installment to be $1300, but your CPF max out at $1000, you have to fork out the 300 bucks by cash every month.
So if you really want to buy flat, you honestly have to think long term. If you think you rather not fork out extra cash in hand every month, it would be wise to get a flat that your CPF contribution alone can completely cover. Thats why ppl prefer BTO, its usually cheaper. Look at the sengkang and punggol flats for instance, 4/5 room don't exceed 350K.
Honestly I like the pricing, but I dunno if its worth more in the long term, I just don't buy it, although I live hougang, I still find punggol kinda ulu.
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Originally posted by xunni:
Have you heard of people who don't earn alot of money and yet they still go and buy a hdb flat and pay by instalement and in fact, the monthly money they pay to hdb/bank is only enough to pay for the interest?
Unfortunately a lot of people in Singapore is doing this right now. And it need not only be HDB, the same goes for those who live in Condo or Terrace.
And the government still says that the HDB flats are cheap and affordable....
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If you do some basic calculation, you'll realise that if you take a 30 years loan. Each month, more than 60% of the money that you pay would go towards the interest. Do the reverse and see how much the flat actually cost...
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Originally posted by xunni:
If you look at this hdb website, you will find out that 2 room hdb flats can cost as low as $87 000. And this is before deducting the subsidies.
You yourself must be the 1 living under the rock
The flats value is varies depend on the location :)
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Originally posted by chrisbenoit:
You are a tard. I can get a 2 room HDB flat for only $5000. 3 Room only $45000. 4 Room only $120000. In tiong bahru, redhill area somemore. Its because I am better than you thats why I can get them at such low low prices. The HDB say I am better than ever and ask me whether I want to lim kopi with their managers.WOW 4 Room only $120000??? really mehh?? o.O
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Originally posted by Ms.shells:
WOW 4 Room only $120000??? really mehh?? o.O
Only for me. For tards like VK, its $800,000. -
I'm so seriously looking for a 4 room flat in the tiong bahru/redhill area. $120000 is honestly a steal.
Makes the flats in sengkang look like daylight robbery. -
Originally posted by chrisbenoit:
You are a tard. I can get a 2 room HDB flat for only $5000. 3 Room only $45000. 4 Room only $120000. In tiong bahru, redhill area somemore. Its because I am better than you thats why I can get them at such low low prices. The HDB say I am better than ever and ask me whether I want to lim kopi with their managers.4 room 120000? u go buy. i buy from you for $150k zhun bo?
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nonsense, 4 room for 120000! Absurd! 3-room already cost more than
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i think ... mostly ... if u can clear the payment asap, the lesser u pay for interest ma.
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1st Quarter 2009
Median Resale Prices by Town and Flat Type for Resale Cases Registered in 1st Quarter 2009
The statistics below provide the median prices for resale transactions of a particular flat type in a given town based on resale cases registered in the quarter. The median price (at 50th percentile) tells you that half of the flats transacted during the quarter were sold above the median price and half were sold below the median price. The median resale prices are inclusive of COV for transactions where resale prices are above market valuations.
TOWN 1-ROOM2-ROOM3-ROOM4-ROOM5-ROOMEXECUTIVEANG MO KIO -$165,000*$244,400$338,000$471,500*$595,500*BEDOK -$182,000*$230,000$312,000$420,000$490,000*BISHAN --$280,000*$401,000$511,000$616,500*BUKIT BATOK --$230,000$310,000$450,000$450,000*BUKIT MERAH $147,500*$190,000*$270,000$450,000$555,000-BUKIT PANJANG --$222,500*$285,000$366,300$405,000*BUKIT TIMAH --$305,000*$428,000*$550,000*-CENTRAL -$195,000*$310,000$412,000*--CHOA CHU KANG --$215,000*$300,000$356,000$420,000CLEMENTI --$260,000$326,000$494,500*$581,900*GEYLANG -$170,000*$218,000$325,000$436,000*$470,000*HOUGANG --$228,000$308,000$375,500$450,000JURONG EAST --$233,500$305,000$388,000$468,300*JURONG WEST --$207,000$292,000$367,000$400,000KALLANG/WHAMPOA -$186,500*$245,000$383,000$505,000$502,000*MARINE PARADE --$321,500$385,000*$590,000*-PASIR RIS -$205,000*$177,000*$325,000$375,000$485,000PUNGGOL ---$330,000$392,000$460,000*QUEENSTOWN -$183,000*$263,500$465,000$606,500*-SEMBAWANG ---$310,000$356,500$400,000*SENGKANG ---$328,000$370,000$455,000SERANGOON -$165,000*$243,000$329,000$409,600*$480,000*TAMPINES --$258,500$331,000$388,000$471,000TOA PAYOH -$187,000*$247,500$350,000$500,000$650,000*WOODLANDS --$200,000$285,000$336,000$415,000YISHUN --$217,000$258,900$340,000$392,000*OVERALL $147,500$182,000$235,000$313,500$376,500$445,000 -
Originally posted by youyayu:
4 room 120000? u go buy. i buy from you for $150k zhun bo?
Sure after I finish scratching my lampa, I will ask my secretary to order. But I want $170k. What area you want? -
Originally posted by chrisbenoit:
You are a tard. I can get a 2 room HDB flat for only $5000. 3 Room only $45000. 4 Room only $120000. In tiong bahru, redhill area somemore. Its because I am better than you thats why I can get them at such low low prices. The HDB say I am better than ever and ask me whether I want to lim kopi with their managers.
are you sure u're talking in SGD in recent years? -
Originally posted by xxxxxlamer:
i think ... mostly ... if u can clear the payment asap, the lesser u pay for interest ma.
you and ur wife earn 4k (example)
get a 3 room for at least like 200k in the area im staying at.
meaning you have to pay around 800 every month.
2 person expenses. lets say 3 meal all eat $3 chicken rice with drinks. $4$4X3 = $ 12
2 person $24
means 1 month you have to spend $720 on food.
Bills around 100+ since eating out.
things like toothpaste, tampon. another $100
pay CPF, HDB around 200+
emmmmmmmmmmmmmmm
you want pay finish also cannot la
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Originally posted by chrisbenoit:
Sure after I finish scratching my lampa, I will ask my secretary to order. But I want $170k. What area you want?queenstown
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Originally posted by chrisbenoit:
Sure after I finish scratching my lampa, I will ask my secretary to order. But I want $170k. What area you want?
I only have $160k, Bukit Batok area got a not?