$880,000 flats are not HDB flats: Minister Khaw - Page 4

satan_gal · 20-06-2011, 10:55 AM

Quote:

Originally Posted by lpkoh5

Actually the $8k-$10k is for a couple....2 person salary...so individual is $4k-$5k which is not very high to be honest

4k-5k sal Not very high? Gimme! I wan!

lpkoh5 · 20-06-2011, 11:09 AM

Quote:

Originally Posted by satan_gal

4k-5k sal Not very high? Gimme! I wan!

Oops, what I meant is not high enough to buy a $880k unit

globalcookie · 20-06-2011, 01:46 PM

Is the land tendered out by SLA, URA or HDB?

Don't we relate DBSS as HDB? There's no walled compound, no facilities, nothing more than some fancied HDB, like the Design and Build back in the 90s. Yet this DBSS is priced like a EC.

phillife76 · 20-06-2011, 05:19 PM

Beside BTO or DBSS.... is the govt still building normal HDB flat????

gracy · 20-06-2011, 05:33 PM

Quote:

Originally Posted by lpkoh5

Oops, what I meant is not high enough to buy a $880k unit

not to mention those who needs to pay car installments...

minus all really dry up... Thats why many average singaporean are not cash rich, instead, asset rich... net worth only... bleahh...

But private banks generally allow you to loan up to a housing value of 1.3m property if your income hits 10k per month...

so prolly they think its still FINE To own a 880k unit...

btw, DBSS can tk HDB housing loan meh? or private banks?

gracy · 20-06-2011, 05:34 PM

Quote:

Originally Posted by phillife76

Beside BTO or DBSS.... is the govt still building normal HDB flat????

Seems like they haven been building any "Normal" HDB flats anymore... BTO And DBSS and EC are too profitable...

holysinner · 20-06-2011, 05:48 PM

banks allow loan of $10k monthly range to own a 1.3mil ppty is common..
it all subject to how long the loan tenure also.. banks can stretch to age 75yrs old..imagine 35 yrs old take loan..stretch to 40 yrs.. of cos cheaper..

gracy · 20-06-2011, 05:51 PM

Quote:

Originally Posted by holysinner

banks allow loan of $10k monthly range to own a 1.3mil ppty is common..
it all subject to how long the loan tenure also.. banks can stretch to age 75yrs old..imagine 35 yrs old take loan..stretch to 40 yrs.. of cos cheaper..

think max is only 30 yrs right?

but pls... 30 years is like zzzz...... way too long...

20-06-2011, 06:25 PM

Quote:

Originally Posted by gracy

think max is only 30 yrs right?

but pls... 30 years is like zzzz...... way too long...

What happened if a person half way die before the end of his 30 years loan complete, say due to old age...? Is his spouse or children going to take over the rest of the loan ? Or will it automatically 'called it a day' ?

**marshy** · 20-06-2011, 06:51 PM

DBSS too expensive? You can choose not to buy.
HDB too expensive? You also can choose not to buy.
No roof over your head? Please don't sleep on Singapore streets, go sleep in JB streets cos it won't become our problem then.

20-06-2011, 01:46 PM	#33
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	Is the land tendered out by SLA, URA or HDB? Don't we relate DBSS as HDB? There's no walled compound, no facilities, nothing more than some fancied HDB, like the Design and Build back in the 90s. Yet this DBSS is priced like a EC.

20-06-2011, 05:19 PM	#34
phillife76 Senior Dragon Join Date: Nov 2004 Posts: 4,676	Beside BTO or DBSS.... is the govt still building normal HDB flat????

20-06-2011, 05:48 PM	#37
holysinner Arofanatic Join Date: May 2010 Posts: 476	banks allow loan of $10k monthly range to own a 1.3mil ppty is common.. it all subject to how long the loan tenure also.. banks can stretch to age 75yrs old..imagine 35 yrs old take loan..stretch to 40 yrs.. of cos cheaper..

20-06-2011, 06:51 PM	#40
marshy Senior Moderator Join Date: Jul 2002 Posts: 5,712	DBSS too expensive? You can choose not to buy. HDB too expensive? You also can choose not to buy. No roof over your head? Please don't sleep on Singapore streets, go sleep in JB streets cos it won't become our problem then.

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