CKP 3rd Gear March 2, 2012 Share March 2, 2012 (edited) "Our housing subsidy is such that now... a family with a $1000 income can, through the subsidy, purchase a small flat... those with 1.2-1.5K income can now buy a medium sized flat" Property gurus and experts like changman999... please comment Edited March 2, 2012 by CKP ↡ Advertisement Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 2, 2012 Share March 2, 2012 $1K bigger than bullock cart wheel. Link to post Share on other sites More sharing options...
Donut Supercharged March 2, 2012 Share March 2, 2012 actually can la. low income family can approach HDB for assistance. They get extra assistance from HDB. Of course the family can't really choose the location they want. They might get to choose from 2-3 locations. Always remember that we have a garment policy that every family is promised a HDB flat, a roof over their heads. Link to post Share on other sites More sharing options...
Wyfitms Twincharged March 2, 2012 Share March 2, 2012 Is the statement taken out of context? Something is amiss here.. If a family is earning only 1k, how much cash can they save to pay any downpayment? Havent even include other expenses like marketing, utilities etc Link to post Share on other sites More sharing options...
Tianake 2nd Gear March 2, 2012 Share March 2, 2012 (edited) "family with a $1000 income can, through the subsidy, purchase a small flat... those with 1.2-15K income can buy a medium flat" Project Flat Type Selling Price (excluding Grants) Selling Price (inclusive of Grants) Sunshine Gardens Studio Apartments From $77,000 - 3-room From $146,000 From $111,000 4-room From $229,000 From $214,000 5-room From $295,000 From $285,000 The results and the loan amount are an indicative estimated computation based on the accuracy of the information (including monthly income, age and available CPF Ordinary Account balance, etc) provided by you. It does not constitute an approval by HDB to buy / take over an HDB flat / an HDB resale flat / a DBSS flat or to grant a housing loan at concessionary interest rates or on any other terms. If you wish to apply for an HDB loan, you must still submit an HDB Loan Eligibility Application to know your eligible maximum loan quantum and furnish the supporting documents. HDB shall not be liable for any information provided by this e-Service. The Financial Plan will be worked out during your HDB appointment. The following information is entered as follows: Loan Amount Repayment Period (In Years) Interest Rate of Loan $70,000 30 2.60% The estimated monthly instalment for your loan is $281 Edited March 2, 2012 by Tianake Link to post Share on other sites More sharing options...
Mits_jc 5th Gear March 2, 2012 Share March 2, 2012 Can la....to the rich, anything also can, 1k income buy bungalow or property on sentosa cove also can, never say sideline can earn 1mil mah. To the rest of us, it's bird talk only. Link to post Share on other sites More sharing options...
13177 Hypersonic March 2, 2012 Share March 2, 2012 (edited) 1k can buy flat? Buy what flat? Edited March 2, 2012 by 13177 Link to post Share on other sites More sharing options...
Tianake 2nd Gear March 2, 2012 Share March 2, 2012 Can la....to the rich, anything also can, 1k income buy bungalow or property on sentosa cove also can, never say sideline can earn 1mil mah. To the rest of us, it's bird talk only. He should show us how he work out that a family with income of 1 K can own a flat. The calculation I did was based on HDB website. So is he right or the HDB website got calculation error. Link to post Share on other sites More sharing options...
CKP 3rd Gear March 2, 2012 Author Share March 2, 2012 He should show us how he work out that a family with income of 1 K can own a flat. The calculation I did was based on HDB website. So is he right or the HDB website got calculation error. Thanks. So according to tharman says a family with $620 (1000 - 280 = 620) of household income can survive in Singapore. Link to post Share on other sites More sharing options...
Donut Supercharged March 2, 2012 Share March 2, 2012 He should show us how he work out that a family with income of 1 K can own a flat. The calculation I did was based on HDB website. So is he right or the HDB website got calculation error. its not that HDB website is wrong. Low income family is considered as special cases. They are not treated as normal buyers. Extra assistance, concessions and grants are given to them. That's how they can buy a flat. It's the same case as orphans who wants to buy flat. They are also special cases with extra assistance and grants. The basic fundamental garment policy is every family unit is promised a HDB flat. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear March 2, 2012 Share March 2, 2012 I though the median income was said to be $1990. And per house hold was $7,000++ I don't understand why there are family only earning $1,000. Link to post Share on other sites More sharing options...
Blackyv Turbocharged March 2, 2012 Share March 2, 2012 "family with a $1000 income can, through the subsidy, purchase a small flat... those with 1.2-15K income can buy a medium flat" Project Flat Type Selling Price (excluding Grants) Selling Price (inclusive of Grants) Sunshine Gardens Studio Apartments From $77,000 - 3-room From $146,000 From $111,000 4-room From $229,000 From $214,000 5-room From $295,000 From $285,000 The results and the loan amount are an indicative estimated computation based on the accuracy of the information (including monthly income, age and available CPF Ordinary Account balance, etc) provided by you. It does not constitute an approval by HDB to buy / take over an HDB flat / an HDB resale flat / a DBSS flat or to grant a housing loan at concessionary interest rates or on any other terms. If you wish to apply for an HDB loan, you must still submit an HDB Loan Eligibility Application to know your eligible maximum loan quantum and furnish the supporting documents. HDB shall not be liable for any information provided by this e-Service. The Financial Plan will be worked out during your HDB appointment. The following information is entered as follows: Loan Amount Repayment Period (In Years) Interest Rate of Loan $70,000 30 2.60% The estimated monthly instalment for your loan is $281 studio only for retiree leh.... Link to post Share on other sites More sharing options...
CKP 3rd Gear March 2, 2012 Author Share March 2, 2012 its not that HDB website is wrong. Low income family is considered as special cases. They are not treated as normal buyers. Extra assistance, concessions and grants are given to them. That's how they can buy a flat. It's the same case as orphans who wants to buy flat. They are also special cases with extra assistance and grants. The basic fundamental garment policy is every family unit is promised a HDB flat. The extra extra help to those low income is not well known to the general public. Then do you mind showing the actual maths to us? Link to post Share on other sites More sharing options...
Tianake 2nd Gear March 2, 2012 Share March 2, 2012 (edited) studio only for retiree leh.... Flat Type Typical Selling Price Applicants Edited March 2, 2012 by Tianake Link to post Share on other sites More sharing options...
CKP 3rd Gear March 2, 2012 Author Share March 2, 2012 I though the median income was said to be $1990. And per house hold was $7,000++ I don't understand why there are family only earning $1,000. Those in the lowest 0-10th decile income group. Link to post Share on other sites More sharing options...
I-LOVE-CARS 1st Gear March 2, 2012 Share March 2, 2012 (edited) "Our housing subsidy is such that now... a family with a $1000 income can, through the subsidy, purchase a small flat... those with 1.2-1.5K income can now buy a medium sized flat" Property gurus and experts like changman999... please comment He should have specified what type of flat can a family with a combined income of 1k buy? Studio? 2 Room? 3 Room? , new build or older flats? Side track abit thou, the HDB CEO look scary in the pickture Edited March 2, 2012 by I-LOVE-CARS Link to post Share on other sites More sharing options...
Tianake 2nd Gear March 2, 2012 Share March 2, 2012 He should have specified what type of flat can a family with a combined income of 1k buy? Studio? 2 Room? 3 Room? 4 Room? 5 Room? etc etc, new build or older flats? Side track abit thou, the HDB CEO look scary in the pickture Think he should be talking about studio for old people and 2 room for younger people. Based on the brochure from HDB, it is still possible to own a 2 room flat with a income of 1200 instead of 1000 provided you are eligible for all the grants. Link to post Share on other sites More sharing options...
Tom_kkh 1st Gear March 2, 2012 Share March 2, 2012 Is the statement taken out of context? Something is amiss here.. If a family is earning only 1k, how much cash can they save to pay any downpayment? Havent even include other expenses like marketing, utilities etc he mentioed afford a flat, never mention about livelihood after that ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Income Tax Planning: SRS vs CPF Cash Top-ups
Income Tax Planning: SRS vs CPF Cash Top-ups
What are your takes towards gals with tattoos?? Let's discus
What are your takes towards gals with tattoos?? Let's discus
Income tax Evasion
Income tax Evasion
Family short trips around Asia
Family short trips around Asia
Where is the most difficult and easiest place on Earth to gain citizenship?
Where is the most difficult and easiest place on Earth to gain citizenship?
Family in Spain/Portugal
Family in Spain/Portugal
How to People Managed to Drive With Bald Tyres?
How to People Managed to Drive With Bald Tyres?
Encounters with tyre shop
Encounters with tyre shop