Page 3 of 3 FirstFirst 123
Results 41 to 45 of 45

Thread: Buying HDB Flat

  1. #41
    Member
    Join Date
    Jun 2007
    Location
    Singapore
    Posts
    127

    Default Re: Buying HDB Flat

    Quote Originally Posted by hobbes187 View Post
    Those are the left over units sold in the bi-monthly sales. These are fast running out even in sengkang area. I am gng to select my flat on monday morning for one of these as I got a good number in the last sengkang ballot.

    The next ballot is for such flats will be for mature estates. The last one attracted 10000+ ppl fighting for 300 flats and I got a lousy queue number of 6500+++. And this time I predict will have 200 flats or less.

    DBSS is extremely overpriced as the developer has to pay a premium for the land in order to outbid their competitors. So their cost is high plus they try to inject a hip factor into what will eventually still be a HDB flat with no condo facilities. Its not even surrounded by walls in its own premises.

    If you can wait 3 to 4 yrs, just try for BTO as that is the cheapest of all avenues to get a flat.
    Is BTO a first come first serve basis?
    I read about the first timer priority scheme, but if I apply late in the open window, will I still have priority?
    Canon EOS 40D | Canon Powershot S5 IS

  2. #42

    Default Re: Buying HDB Flat

    Quote Originally Posted by hobbes187 View Post
    Wow... Boon Keng DBSS will cost from $350k for 3 room, $530k-570k for 4 room and $560k-$700k+ for 5 rooms! Crazy price! Really just paying for the location...

    "It goes all the way from just slightly below S$350,000 to, I think, the most expensive unit is very close to S$740,000.

    All applicants must meet public housing guidelines, among them an average monthly household income cap of S$8,000.


    according to the above from the newspaper.
    can someone do a quick calculation on whether can the flat be paid using CPF fully? based on the max household income cap of $8k?

  3. #43
    Member
    Join Date
    Jun 2007
    Location
    Singapore
    Posts
    127

    Default Re: Buying HDB Flat

    Quote Originally Posted by auron View Post

    "It goes all the way from just slightly below S$350,000 to, I think, the most expensive unit is very close to S$740,000.

    All applicants must meet public housing guidelines, among them an average monthly household income cap of S$8,000.


    according to the above from the newspaper.
    can someone do a quick calculation on whether can the flat be paid using CPF fully? based on the max household income cap of $8k?
    The cap is too low for household income of $8k to be able to have no worries buying for this kinda price.
    Canon EOS 40D | Canon Powershot S5 IS

  4. #44
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Buying HDB Flat

    Quote Originally Posted by auron View Post

    "It goes all the way from just slightly below S$350,000 to, I think, the most expensive unit is very close to S$740,000.

    All applicants must meet public housing guidelines, among them an average monthly household income cap of S$8,000.


    according to the above from the newspaper.
    can someone do a quick calculation on whether can the flat be paid using CPF fully? based on the max household income cap of $8k?
    If i am not wrong u could use ur CPF to fully pay up for ur housing.

    For max household income cap of $8k onli if u are taking subsidies rates hdb loan or housing grant. Advisable to double confirm wif HDB.

  5. #45
    Senior Member
    Join Date
    May 2006
    Location
    Volcano Land
    Posts
    2,351

    Default Re: Buying HDB Flat

    Being able to use CPF to "fully pay up" hinges on alot of factors that have to be fulfilled. Withdrawal limit based on 120% valuation/purchase price whichever is lower, having minimum sum in your CPF, etc etc.

    Goto the CPF website, they have described these in quite abit of detail.

Page 3 of 3 FirstFirst 123

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •