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mchew25

mchew25

Neutral Newbie

Hi all,

 

Anyone has sample format of an appeal letter to HDB for exceeding income ceiling? Can share? Thanks in advance.

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Watwheels

Watwheels

Supersonic

I wonder why govt want to sell and plan to launch so many EC projects. Strap for cash?

 

It's obvious it's not going to be good investment given the projects are all built in the same area such as Sengkeng, Punggol and Woodlands. The property market in the said areas will be so saturated with ECs it will only make loses for the property owners. And the thing is who will want to buy a used ECs when govt going to launch new EC projects within the same area?

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Sdf4786k

Sdf4786k

Twincharged

Hi all,

 

Anyone has sample format of an appeal letter to HDB for exceeding income ceiling? Can share? Thanks in advance.

 

I believe if you exceed less than 1K and IF its a EC you are applying, they normally will be approved.

 

If its for a HDB , not sure if the rules are more rigid.

I have heard of people who change job and take 2 months in between breaks just to apply for a HDB.

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Agent008

Agent008

2nd Gear

I wonder why govt want to sell and plan to launch so many EC projects. Strap for cash?

 

It's obvious it's not going to be good investment given the projects are all built in the same area such as Sengkeng, Punggol and Woodlands. The property market in the said areas will be so saturated with ECs it will only make loses for the property owners. And the thing is who will want to buy a used ECs when govt going to launch new EC projects within the same area?

 

There will be a drought of ECs in 2018 and 2019 and it's likely that Rivercove EC is the only 1 or 2 EC to be launched in 2018

 

Current Status of all ECs:

Parc Life 80% sold

Signature at Yishun 76% sold

Northwave 76% sold

iNz 89% sold

Criterion 90% sold

 

Brownstone 7 units left.

 

Most ECs should be sold out by June next year.

 

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Spurman

Spurman

Supercharged

There will be a drought of ECs in 2018 and 2019 and it's likely that Rivercove EC is the only 1 or 2 EC to be launched in 2018

 

Current Status of all ECs:

Parc Life 80% sold

Signature at Yishun 76% sold

Northwave 76% sold

iNz 89% sold

Criterion 90% sold

 

Brownstone 7 units left.

 

Most ECs should be sold out by June next year.

 

aiyo mai kia..

 

There will be a potential influx of resale ec in 1 2 yrs time too...i mean reaching 5yrs mop...see how these perform lor...

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Lotr8445r

Lotr8445r

5th Gear
(edited)

I believe if you exceed less than 1K and IF its a EC you are applying, they normally will be approved.

 

If its for a HDB , not sure if the rules are more rigid.

I have heard of people who change job and take 2 months in between breaks just to apply for a HDB.

I wonder how could a normal 1st timer folk that do not exceed the ceiling is able to afford a 1 mil home. Are gov expecting many have more than 500k cash for down payment or parent help to buy for them?

 

Note: 2nd timer has so much lesser chance (quota) to bid for it

Edited by Lotr8445r
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Jman888

Jman888

Moderator
(edited)

I wonder how could a normal 1st timer folk that do not exceed the ceiling is able to afford a 1 mil home. Are gov expecting many have more than 500k cash for down payment or parent help to buy for them?

 

Note: 2nd timer has so much lesser chance (quota) to bid for it

 

 

if couple married at 30 each has been working for 5 years and combine income of $10K should be able to afford. You go to see those EC plenty of residents belong to this demography. 

 

singapore dun have graduate with 22K salary problem like Taiwan.  

Edited by Jman888
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Enye

Enye

Hypersonic

if couple married at 30 each has been working for 5 years and combine income of $10K should be able to afford. You go to see those EC plenty of residents belong to this demography. 

 

singapore dun have graduate with 22K salary problem like Taiwan.  

 

wah so good...

 

when can i reach this level and stay condo?

 

[sweatdrop]

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Kzone

Kzone

3rd Gear

I wonder how could a normal 1st timer folk that do not exceed the ceiling is able to afford a 1 mil home. Are gov expecting many have more than 500k cash for down payment or parent help to buy for them?

 

Note: 2nd timer has so much lesser chance (quota) to bid for it

 

no need 500k cash ah. Only 20% downpayment.. so for 800k-1m property, only need 200K cash +CPF. work 5 years shud have 100K in OA CPF combined so need 100k cash. Not little but feasible for those who wants to.

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Kusje

Kusje

Supersonic
(edited)

I wonder how could a normal 1st timer folk that do not exceed the ceiling is able to afford a 1 mil home. Are gov expecting many have more than 500k cash for down payment or parent help to buy for them?

 

Note: 2nd timer has so much lesser chance (quota) to bid for it

 

As an EC purchaser, I can only say it is possible. But yes, 2nd timer will of course have more $ la.

 

btw, why need 500k downpayment? isn't it 20%?

Edited by Kusje
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Lotr8445r

Lotr8445r

5th Gear

if couple married at 30 each has been working for 5 years and combine income of $10K should be able to afford. You go to see those EC plenty of residents belong to this demography.

 

singapore dun have graduate with 22K salary problem like Taiwan.

If we dont consider current salary due to inflation, 10 years ago, 30 yrs salary is ~3k a mth. Minus aways cpf, expense, money for parent allowance. Do the math and count how much saving left? Not to mention if one own a car.

 

Note, this does not take into consideration for some that doesnt have increment for past few years if company not doing well

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Kusje

Kusje

Supersonic

no need 500k cash ah. Only 20% downpayment.. so for 800k-1m property, only need 200K cash +CPF. work 5 years shud have 100K in OA CPF combined so need 100k cash. Not little but feasible for those who wants to.

 

don't forget the "free" cpf topup from govt when buying ec

But i go visit some friends in EC, the people in EC mostly very haolian rat-race kind leh.....

 

 

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