New VERS scheme for aging HDB

[Sunny]

to be realistic

 

those active here in mcf, no issue to pay 300k in 10yrs

 

those tolling outside day till nite, mostly need to stretch their loans and payments.

And there are many out there.

[Evillusion]

to be realistic

 

those active here in mcf, no issue to pay 300k in 10yrs

 

those tolling outside day till nite, mostly need to stretch their loans and payments.y

And there are many out there.

i myself will have problem paying a $300 000 loan in 30 yrs.....

[13177]

doesnt make sense to peg properties whether public or private, to the initial selling price

do you peg your current salary to your 1st pay check?

 

 

 

can be done

if borrow hdb loan at 2.6%, downpayment is 10% $20k

loan is 280k

over 10yr is monthly payment $2650

So monthly payment is $2650 so high, no wonder can be done la. But your salary must be very high in order to afford to pay over $2k for monthly instalment lo.

[Evillusion]

Hh

to be realistic

 

those active here in mcf, no issue to pay 300k in 10yrs

 

those tolling outside day till nite, mostly need to stretch their loans and payments.

And there are many out there.

i low ses.....$300 000 in 30 yrs......i will sweat like hell..... certainly wont be happy and will have sleepless night.

[Sunny]

i low ses.....$300 000 in 30 yrs......i will sweat like hell..... certainly wont be happy and will have sleepless night.

[Jman888]

to be realistic

 

those active here in mcf, no issue to pay 300k in 10yrs

 

those tolling outside day till nite, mostly need to stretch their loans and payments.

And there are many out there.

 

 

the demand for EC is so high mean every couple can meet $12k household income per month.  There are BTO at $200K-$300K range for 4-room units which can be pay off in 20-30 years if needed to stretch.

 

if the private is going for $1000-$1500 psf, if hdb price at $100 psf then it might open to more abuse.

[Evillusion]

dont worry, bro

 

need to go coffeeshops and listen to PRC ladies' "stories", to know if they more charm chum (worse off)

 

so can have better sleep

i dont understand their Mandarin.....

[Jman888]

So monthly payment is $2650 so high, no wonder can be done la. But your salary must be very high in order to afford to pay over $2k for monthly instalment lo.

 

 

usually they would commit to 10 years from start, almost every couple will take 20-25 years, but soon after 10 years many find they have money in the cpf that allow them to do a lump sum pay off to clear the outstanding.

[Evillusion]

the demand for EC is so high mean every couple can meet $12k household income per month. There are BTO at $200K-$300K range for 4-room units which can be pay off in 20-30 years if needed to stretch.

 

if the private is going for $1000-$1500 psf, if hdb price at $100 psf then it might open to more abuse.

i see the current size of a 4 rooms.....i feel tight in the chest....

[Jman888]

i see the current size of a 4 rooms.....i feel tight in the chest....

[Sunny]

the demand for EC is so high mean every couple can meet $12k household income per month.  There are BTO at $200K-$300K range for 4-room units which can be pay off in 20-30 years if needed to stretch.

 

if the private is going for $1000-$1500 psf, if hdb price at $100 psf then it might open to more abuse.

 

 

peisei, i didnt follow conversation of this thread :p

 

 

 

there will be many richies with short term loans

and those who want to look richie by stretching loans just to stay in PC or EC

but personally just connecting with those still working hard to earn a living and paying off loans,

300k loan to be paid up in 10years is not easy feat for these people.

not forgetting other financial obligations they may have.

maybe i encountered many people in this category

[pegasi]

if you feel $2650 is too high, can opt to stretch the loan tenure to 25yr , hence the monthly payment become half at $1270

 

however, take note that at 2.6% interest, mean over 25yr interest is $101k

vs 10yr which is $38k

 

are you willing to pay additional $63k interest? i'd suggest you use the 63k to fund other pursuits instead of letting bank earn

 

also, if you use CPF to downpay and service loan, these figures are excluding CPF accrued interest 2.5% per yr

 

So monthly payment is $2650 so high, no wonder can be done la. But your salary must be very high in order to afford to pay over $2k for monthly instalment lo.

 

Edited August 21, 2018 by pegasi

[Evillusion]

yalor 2 is ok, 3 inside you can't move around liao, kitchen in tthose old flat still the best

my oc went to one 4 room near wdland 888. Came back and complain she having headache because of the cramp and stuffy unit.....

[Enye]

peisei, i didnt follow conversation of this thread :p

 

 

 

there will be many richies with short term loans

and those who want to look richie by stretching loans just to stay in PC or EC

but personally just connecting with those still working hard to earn a living and paying off loans,

300k loan to be paid up in 10years is not easy feat for these people.

not forgetting other financial obligations they may have.

maybe i encountered many people in this category

 ya lor yandao towkay

 

sorry you have encountered peasant storeman

 

life is very tough for me indeed

 

 

[Sunny]

 ya lor yandao towkay

 

sorry you have encountered peasant storeman

 

life is very tough for me indeed

 

 

 

 

lolx..you are always my idol 

my oc went to one 4 room near wdland 888. Came back and complain she having headache because of the cramp and stuffy unit.....

[Doppel]

Is it me, or the correct spelling is ageing?

 

Mods @Radx @Carbon82, would you please oblige?

[Evillusion]

lolx..you are always my idol

 

 

think she was hinting you need sayang her

aiyoh....i oredy sayang her for 25 yrs liao.....haven include the yrs we were a couple and fiance....

[Jman888]

peisei, i didnt follow conversation of this thread :p

 

 

 

there will be many richies with short term loans

and those who want to look richie by stretching loans just to stay in PC or EC

but personally just connecting with those still working hard to earn a living and paying off loans,

300k loan to be paid up in 10years is not easy feat for these people.

not forgetting other financial obligations they may have.

maybe i encountered many people in this category

 

 

i have also encountered many people in that category, either relatives or low income group. I must say that hdb was never their main problem and can always sorted out one way or another. I see some family keep changing flat after MOP just to encash the profit and use it for something else, buy new car or gamble, soon the profit getting thinner after the cooling measures.

 

i saw some staying in big 5 room flat seeking help and financial assistance but spent on aircon, latest mobile phone and $400 phone bills. Whatever case the flat was never the main problem if they stick to the bto that probably purchase at $100K+.

Is it me, or the correct spelling is ageing?

 

Mods @Radx @Carbon82, would you please oblige?

 

 

as usual UK vs USA english, both correct.