How he calculate one?
Wat subsidies are he talking about?
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How he calculate one?
Wat subsidies are he talking about?
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i assume he has do the homework..
hope he can tell us how to do it while he can continue to sleep soundly in his landed house every night![]()
Those 1-2 Bedrooms start from 80k+ right in Fernvale? 1 month installment around $200?
ya assuming one can meet the requiremnt to buy direct from HDB and is lucky to get a ballot number, beat the queue and heng heng get a cheap unit.
Its not as if got a 80k flat available, I want sure get leh.
Originally Posted by price
He didnt say you want sure can get wat? He say $1000 can buy.Originally Posted by Piglet
Fernvale Flora and Fernvale Gardens
$88,000 to $120,000 for a 2-room;
Segar Vale
$83,000 to $108,000 for a 2-room;
Buying a 2-room: Your average gross monthly household income must not exceed $2,000.
If u fulfill the criteria of household income not more than $2k Why cannot buy? Go apply quickly?
The 1k income can afford to buy flat comes from the same urban myth where $8 can do heart bypass surgery...
$1k per month definitely can, even for condos. Just downpayment 90% and the rest 10% by instalment.
Ya lor, Piglet if you want a 80k HDB u can find a job that pays <2k a month then after everything is approved quit again?Originally Posted by hyenergix
Actually if i think about it, its possible la.
a scenerio for example, I am a 35 year old who still live with my parents. I don't give them money to contribute to household. what I earn I use on myself only.
makan I eat the cheapest =$300/mth
I only take bus and MRT one time a day, rest of the time I walk: $50/mth
I only buy clothes every chinese new year. average out: $10/mth
My Handphone bill : $24 cheapest plan
with my basic needs covered, I only spend $384 a mth only and can save at least $600/mth!
So I only need 2 years to save $14k which I can put a downpayment for a HDB flat!!
Only 2 years!
But I will probably never find a wife becasue I'm too broke to groom myself and go on dates........and i will be known as the selfish bastard son who does not take care of my parents.
nation building what???
Last edited by Piglet; 02-03-12 at 13:22.
Haha you probably wont need a HP plan, just get a pre-paid card its cheaper.Originally Posted by Piglet
You have yourself to blame for only earning less than 2k a month. Everyone has a chance to survive. Every country has the rich and the poor. How can everyone be rich and doing high salary jobs?
hey... forgot still got something called "cpf"....![]()
Aiya i'm just trying to say, someone who earns less than$1k per month relistically cannot afford to buy his own flat la!
In reality, a person who is only capable of earning 1k a month Of course can only blame himself for not being able to enjoy a better life with his own HDB flat... these peole will probbaly stay with parents/ relative, rent a small room, etc.
That is a fact and should be acknowledged wat.
To say that people who earn 1k can buy a HDB flat like its something so easily achieveable, somehing just don't feel right.
Originally Posted by price
Wah lau THARMAN is Da Man lar. He say anything I close one eye also believe. IMO he is one of those who really deserve the high paying salary; there is a reason why his head is shiny ok? Cant anyone sense his gleaming aura when he gives speech in the parliament house?
hahaha.Originally Posted by Worsty
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one who earn $10k can loan upto 1.5m so $1k should be able to loan upto $150k. just rent out one rm. i think for those who earn less, the more they must get a HDB flat. it is wealth accumulation. afterall if really have problem paying instalment, go to MP and govt will not chase u out. this is the good point abt our govt.
ummm... buy 83K 2rm bto....
- can have downpayment 20K paid by subisdy? got govt subsidy right??
- remaining 65K, 2.6%. 25yr at $295/month...
cpf may be can cover $200... need top up $100 in cash...
??..![]()
its just strong lighting...Originally Posted by dtrax
1k LEGAL income...10K illegal income...Originally Posted by Piglet
..play horse,casino,geylang,ah-long...
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Lol... Haha.. You guys are killing me..Originally Posted by mcmlxxvi
KBW should come out with detail working to show how someone with $1k salary can buy small flat. Logically, working need to show young family starting out say just married with new born, wife not working.....
Damage control by KBW..., now put in a spot by Tharman comment...
http://www.channelnewsasia.com/stori...186651/1/.html
Khaw Boon Wan clarifies Tharman's "buying HDB flat on $1K pay"
By Joanne Chan | Posted: 02 March 2012 2236 hrs
SINGAPORE: National Development Minister Khaw Boon Wan has clarified comments made by Deputy Prime Minister Tharman Shanmugaratnam, that a household with a S$1,000 income can afford an HDB flat.
Mr Khaw said the comment had caused a stir, as it sounded so incredible.
But he said Mr Tharman was referring to a two-room Built-To-Order (BTO) flat.
That's because such a flat would cost a first-time applicant - who earns S$1,000 - about S$40,000, after subsidies.
The mortgage payment, said Mr Khaw, can be fully paid through the applicant's CPF, without incurring any additional out of pocket money.
Mr Khaw added that most applicants of two-room flats earn above S$1,000.
And based on recent BTO launches, the median income for this group is about S$1,400.
- CNA/ck
I agree with Tharman or KBW. 1k can really buy a 2 bedroom BTO. Cannot be earn 1k want to buy sentosa right?
No need KBW. Anyone can calculate.
2 bedroom BTO cost 40k after all the grants.
4k DP, 36k loan from HDB @ 2.6% for 25 years = 1 month $163.
CPF OA - $230 total, based $500 husband, $500 wife income.
Ok leh, every month OA still got $67 extra a month. Can save up for rainy days.
Those who say not possible must be talking cock or stupid. As I said, you earn $500 a month, don't dream about 4 bedroom. Either you earn more or just suck it up. If every poor guy want big house, then we will become Greece in 5 years.
Originally Posted by land118
HDB website on fernvale 2bdrm BTO use $1200 as median household income
http://www101.hdb.gov.sg/hdbvsf/eampu01p.nsf/0/12JANBTOSK_page/$file/12JANBTOSK_about1.htm?open&ft=bto
Now KBW need to lower 2bdrm BTO price so that HDB can use medium income of $1k in new table
Ya lor.....Tharman just said earn 1k can buy flat.Originally Posted by thomastansb
He nebber said what type of flat.
It's just common sense.
dun understand whats all the fuss about.
Well, there are always losers and fools saying 1k how to buy 5 bedroom. Just laugh at them lor. Losers. Tharman never say studio good liao. Studio also a home. Just too bad they earn too little but at least the society didn't forsake them.
Originally Posted by buttercarp
Can they buy bto flat without any dp? I tink few k for them really tough lor....1k salary really little.....how to save wor?
if the earlier comment by T wasnt misleading, there wont be a need now for khaw to clarify..
yah lor, I also believe $1k pm can buy a $40k HDB flat!
That is why I don't understand, why they introduce ABSD? Those who can't afford private properties should just buy & continue live HDB!
Originally Posted by land118