http://www.hdb.gov.sg/fi10/fi10321p....s?OpenDocument
Starting from Feb 20, 2010 (MBT's time), HDB downpayment has been increased from 10% to 20%.
With HDB selling at close to half a million, youngsters need S$100K for downpayment. This is not good for having kids early.
Maybe a better policy could be:
1) Age below 30 years old, 5% downpayment;
2) Age 30-35 years old, 10% downpayment;
3) Age 35 and above, 20% downpayment.
Thanks,
Richard