Hi..it is around 4.1K approximately based on 90%, 35 years loan tenure.Originally Posted by indomie
Hi..it is around 4.1K approximately based on 90%, 35 years loan tenure.Originally Posted by indomie
Hi. Thank you for your well-wishes.Originally Posted by Laguna
You are welcome to get one unit and it will be nice to have you or/and your son be my neighbour.
As mentioned earlier, there are several units with better facing and space available in dual units type. However, they cost 1.6 mil and above which is way above my budget.
I admire your determination and your ability to squeeze and stretch every ounce of your finances to get what u want.... Not to mention bravery.Originally Posted by yowetan
yowetan, if your family income is 10k, it is going to be tough if interest rate goes upOriginally Posted by yowetan
but who knows rate might stay very low at this level for donkey years to come and you might be able to sell one of your HDBs when it hits 1m and cut down your debt
still your gearing is very high, assuming you still have outstanding loan of 400k, that means your total debt now will be around 1.8m ... that is way too high for a family with 10k income per month
Ride at your own risk !!!
Hi. My current household income is around 7k+SGD.Originally Posted by phantom_opera
I am combining the household income with my parents and in-laws disposal income of 5++K SGD monthly. Thus there is a total of 12+++KSGD disposal cashflow.
Yes, thank you for reading my posts - My current HDB flat has an outstanding loan of 450k approximately. The loan is from SCB @ 0.65+Sibor rate.
The second loan as mentioned will be based on the 90% of the purchased price, at the rate of Sibor+SOR combination with base rate of 0.40%.
Good to get a FH condo. I hope you don't over-stretch yourself and have insurance for protection against unforeseen.Originally Posted by yowetan
Thanks. I am also worried about this though I remain positive over this.Originally Posted by hyenergix
There is another unit 840sqft 2 bedder going for 1.17milSGD. Do you all think it is a good price unit? I am intending to ask my friend to get it.
Mr tan, I do admire your determination but wonder is it so important to own a condo? Taking such a long term commitment by including ur paren and pil income who might be at the age of retirement. Also ur kids will be growing up in such crowded room.
Anyway, congratulation to u.. Although I never make comment, i do sometime follow ur news..
Originally Posted by PN
Congrats... Everyone is following you story.![]()
Hope you made the right choice.... Property prices go up....
Everyone Huat ah!![]()
Except mr b....![]()
Hi.. It is not important to own a condo, but owning an asset I appreciate.Originally Posted by kskong2000
I believe Mt Sinai or Siglap area will improve and help my kids in future.
Originally Posted by kskong2000
I would be worried if I am ur parents where the disposal income is being used to pay for the home. ur disposal income have to consider daily expenses too.
Yowetan, which stack did u buy? Got a friend keen too...
If you are someone I know and care about, I would strongly advise you to return the unit back to the developer.Originally Posted by yowetan
I offer no reason for my advice. Just my sixth sense telling me that it is not wise for you to buy now.
Parents & In Laws staying together
Let's imagine
You are brave ...
Congrats bro!
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Very happy that you finally Took the plunge!
Congrats yowetan. Since u hv already made yr choice, the next thing u could focus on is to work extremely hard, aim for promotions, huge pay rise etc
All the best to you!
Even though Im new to this forum, I really feel happy for Yowetan for accomplising his dream
Huat AR~~~~
my heartiest congratulations to you Yowetan !!!
finally you found what you wanted.
Life is getting better and better day by day ...
Live well !
Cheers,
lifeline
I have a friend 20 years ago who beg me to "buy" in name his landed-semi as he fear the bank will forfeit his house after losing a big-paid job due to sudden retrenchment. I never asked the details. He was such a senior chap but yet he never do his calculation right. Maybe he has other investments as well. Obviously he was threading on very thin rope or walking on ice as some might said.Originally Posted by minority
Just to share.
I really do not think it is a good idea for parents of both sides to live together. The only common interest may be the grand children which might be the subject of squabbles over bringing up issues, discipline etc.Originally Posted by CondoInterested
I have even seen & experienced spouse & MIL issue after 10 over years even though everything seems fine for a decade.
Every family need own personal space and an apartment may not be suitable for such kind of communal living. Only those kampong, multiple mansions, multi-floor apartments can accommodate.
Since it's been bought, can also change plans for how to stay. Happiness in a family can only be found in a home, not in a house.
if he managed to hold his semi-d until today he would be very very very very....RICH$$$$$Originally Posted by alamak
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I never comprehend when some people say "life is getting better and better day by day " and "accomplishing your dream" if you suddenly realise that you are sustaining a 3 tonne rock on your shoulder.Originally Posted by lifeline
Life can only getting better and better when you have time to chill at the pool and sleep soundly at night and you can then say you have realised your dream else you are just sustaining your dream.
There is always the option of the studio as the .cooling off. room....
and yet another professional-turned taxi driver in 2002 and barely-turned forties kenna stroke. Wife sold Melville Park condo for barely $400K (bght for $600K) to some Indian PR after staying in for 6 years. That's is living you dream or merely sustaining your dream or should I say a dream turned into reality.Originally Posted by alamak
In ah tan's defense... The upsides are more likely than the downsides right? So it's right to take the plunge in his property decision.. No risk. No reward.lOriginally Posted by alamak
If touch wood things turn sour, he can always sell up and return to one of his two HDBs.. Not as if he has no options and must live under the expressway....
Ah taN joined the dark side, there is no turning back now, pledge your loyalty to emperor PAPatine by completing the s n p
Ride at your own risk !!!
bro yr story don't telly. You sure yr data provided is correct.Originally Posted by yowetan
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This staff housing loan thing is very much of the past for big private Corp inclu. GLC. In current economic climate only financial institutions and banks are willing to include such staff welfare incentive, i think.Originally Posted by samuelk
家中有九口
再加狗一口
同住千尺屋
同挤沙发椅
同吃大锅饭
同盖大棉被
是灾或是福
见仁见智也
Staff housing are still available up to 90% in many of e banks, however, the MAS regulations is over riding and will still need to apply. Especially if it is a second loan, can only borrow up to 60%.Originally Posted by alamak
Yowe tan,
I will suggest you double check, triple check with your staff benefits admin.