why need to file bankruptcy? Not as if he needs to pay the developer $$Originally Posted by DaytonaSS
Developer merely forfeit the 20% he paid during snp..
Newbie
why need to file bankruptcy? Not as if he needs to pay the developer $$
Developer merely forfeit the 20% he paid during snp..
Senior
gen z these days are too overly sheltered by their gen y or gen x parents, many have little backbone, always depending on people to do things for them. Many kids these days are only interested in short cuts and quick fixes, some do not even have the basic foundations and yet wanting things the easy way out.btw u r in edu business rite ? so how is gen Z ?
(for gen y, I tell u I have quite a few gen y friends who agree with that famous gladys)
Junior
I will be destroying my life the next three years as I need to save up again for my marriage. This is too heavy a penalty for me, said the 29-year-old, whose monthly salary is S$2,500.
u r right, i misunderstood his meaning. he is destroying his life for next 3 years cos he need to save up again to get married. Frankly, i dont think he save the 130k in the first place. 4 years breath air also dont have $130k lor based on what his declared income.
Exalted
Backside itchy.... Serve him right!
Got bto dunwan....only forfeit 5%.....
Haolian go for dbss.... Hahaha
Bricks & Mortar
Ya, man. Not worth...to set precedence and save his ASX...not sure how much his girlfriend earn but would assume more or less the same..., they should have apply for BTO 3 or 4 room. Since his parents owned private property, surely they can afford to help him out if they want to.
Senior
See the showroom gian ma. Backside sure itchy!
Newbie
haha if his income exceeded 8k and bought dbss, then cannot blame him.. but it doesn't seem so as his income is 2.9k only.. so this kind is orbi.. maybe can consider marry his parents' maid since must be non-chinese?
Senior
and agent do calculation, 660k for combined 5k income, monthly only pay 1.75k...within the 35% of income recommended by financial planners = affordable!
Senior
For all you know, his ex may be earning $5k so add up to $8k, just nice for DBSS, since this was in 2008.
Senior
For all you know, his ex may be earning $5k so add up to $8k, just nice for DBSS, since this was in 2008.
the ex g/f should be penalised as well ...
still dont understand nor agree that he should bear the whole penalty
also ..it could have been the girl's insistence to buy DBSS and not BTO ...
nowadays young girls also damn materialistic
New Launch Project Specialist
Could not agree with you more. It takes 2 hands to clap.
Perennial
It's anybody's guess. It could have been their parents' idea.
As for women being materialistic, men are realistic too:
Half of men would dump fat girlfriend
Maybe he dumped her cos she became fat.
So like you said, it takes 2 hands to clap.
Senior
How you know the ex is young... LOL... Whatever it is, it appeared from the article that neither HDB nor developer is willing to shoulder this issue. This is an exceptional case and should be handled differently. HDB, being the big boss, should step in and render more assistance like helping to find another couple for that unit and not just say developer can do this or the man should do that...
Senior
Agreed that it may be parents' idea but if its so, the parents who own a landed property should step forward and help the guy...
Anyway I think this article's report is incomplete. So much missing link like what will happen to the ex who is not even mentioned here. Everything mentioned here revolves around the constraints of the housing rules laid down for public housing, etc.
Newbie
- The parents own private property, not necessarily landed right? For all we know, it could be a geylang old 1 bedder, which is cheaper than the DBSS haha.. If i'm not wrong, if people want to buy public housing direct from developer/HDB, they have to sell their pte properties and be homeless for 30 mths before they qualify..
- What's there for the parents to help? That guy doesn't need to pay anything now at all.. He's just upset he has to start saving for another marriage.. Maybe can console him..
Bricks & Mortar
He should ask Big Daddy KBW to help him ma....
http://www.facebook.com/pages/Khaw-B...59098450816050
non of us here can do anything....
Senior
Yup only big daddy can help him... then like that everyone who has a unique situation, and there can really be many, will flock to big daddy, he will be a really busy big daddy!
Junior
I think you may have missed my point earlier.
It is a forfeiture of the deposit. Nobody knows who came up with what amount for the deposit. For all you know maybe the girl paid 70% he paid only 30%.
If he did shoulder the full deposit by himself (as the article seems to imply) then he will have to face the loss himself or sort it out with the girl nothing to do with the law. I think the article is intentionally excluding some facts to sensationalise the news a bit.
It seems to me this guy was riding on the girl's racial quota to get a foot in. Now he is crying wolf.
Cheers!
Senior
Unlikely if he's the first batch of balloters. DBSS will open for balloting without any restrictions for racial quota yet. Its after balloting then the figures will be out to say what is left are for what race.
Be Heard, not the Herd
Appears to be Natura Loft? Actually, the bigger worry is the 80% bank loan. As the project is completed since it was bought in 2008, the full loan would have been disbursed. How is he going to repay the loan unless he sells the unit?
Senior
Only KBW can save him now... just allow him to sell and HDB pocket the excess profit while he take back the amount he's paid thus far... exceptional case!
Be Heard, not the Herd
HDB cannot set precedence or people will take advantage. The property was bought before all the CM, so is it possible that the parents can rent out their private property and come live with him? Easier to be flexible with that rule since it won't be a precedence as the new rule has already kicked in from Aug 2010.Only KBW can save him now... just allow him to sell and HDB pocket the excess profit while he take back the amount he's paid thus far... exceptional case!
Newbie
no lah.. during or after balloting, quota holds..Unlikely if he's the first batch of balloters. DBSS will open for balloting without any restrictions for racial quota yet. Its after balloting then the figures will be out to say what is left are for what race.
Newbie
the problem is he cant buy it as a single..
his parents cant buy it too as they hold pte property.. so even if they rent it out, they cant buy too..
so nobody can buy, he can only forfeit it unless he find a non-chinese wife fast..
thats why i suggest maybe he can consider marrying the maid..
Valued Contributor
DBSS is just another HDB lor IMO. Nothing different from BTO from HDB. In fact, those BTO now is much nicer than a DBSS in 2008. Just look at Tampines DBSS. Went to my friend place but I didn't tell him his DBSS look exactly like any other BTO. Just that he paid 200k more
Valued Contributor
I don't know why is he complaining so much.. You buy a laptop, furniture etc, if you back out, also got penalty one lor. Who ask him so dumb..
Be Heard, not the Herd
Hmm.. yeah. What if the maid is already married? hehe. I thought forfeit is easier to decide. Settling the loan will be hard if can't sell.
Newbie
if it's laptop, etc, whereby u lose deposit of a few hundreds then of course not a big issue.. but now is 133k leh.. can downpay 20% for a 1 bedder haha..
actually i do sympathise with him a bit also lah.. for pte, if the owner regrets, he could have just sell it at a loss and get most money back.. for hdb, it's just a small penalty.. but for dbss, this guy got money also cant buy which is the ridiculous thing..
hdb needs to tweak some rules lah.. penalties are a must, but 20% appears to be too much just because the planned marriage is called off..
Junior
This is a business deal in my view. Too bad is DBSS, so developer is involved. If situation is market goes down or so much BTO to choose from(which is ard 200k cheaper) and pple wants to back out of the deal which they sign few years before... they can just claim they are not getting married now and break contract without penality, then how?
in the first place, dont have DBSS is the best. Focus on BTO and if HDB wants to differentiate their products, have a team of inhouse designers to have an option to tailor n design finishes for better quality HDB products.
Junior
I think the main problem is that people are getting married for the wrong reasons. That is, to jump into the property bandwagon for fear of losing out. This is quite typical of many Singaporeans.
I think for the few that backed out of a marriage and lose the deposit, there are many more that are biting the bullet in a loveless marriage just so as to not to lose the deposit. The chain of destruction moves downstream and many more lives destroyed that way in a long run.
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