QUOTE(r1v3r @ Jan 20 2011, 05:58 PM)
that's why I said in earlier post IF I stay in JB and work in SG I prefer EP BUT there will be time when one prefer to have a SG home. You will think differently when you marrried and have kids or when your are older and weaker.
IIRC during my time, to buy a resale HDB from open market I must be married (2 PRs) and household income must not exceed $5000. If I am jobless (so that household income is less than 5k for a few month) then bank may not approve my loan, if my salary too high HDB may ask me to buy condo instead of buying their "subsidised" HDB. The household income cap is now $8000/month. You may think your current salary is too low to buy a HDB, I just want to remind you that you can't buy HDB when your salary is too high. Now, does it make sense to you why so many fresh grad newly wedd SG couple die die must buy HDB before their combined income cross the $8000 mark?
However, buying a house is a big long term commitment for most of us. You have to decide for yourself regardless what others say. Utimately, you are the one who service the installment.
We are lucky to be able buy a house that possible to clear loan within our life time unlike Japan. Will SG become next Tokyo? I don't know, but when possible I want to have a roof over the head for me and my next generation in MY or SG.
thanks for sharing...IIRC during my time, to buy a resale HDB from open market I must be married (2 PRs) and household income must not exceed $5000. If I am jobless (so that household income is less than 5k for a few month) then bank may not approve my loan, if my salary too high HDB may ask me to buy condo instead of buying their "subsidised" HDB. The household income cap is now $8000/month. You may think your current salary is too low to buy a HDB, I just want to remind you that you can't buy HDB when your salary is too high. Now, does it make sense to you why so many fresh grad newly wedd SG couple die die must buy HDB before their combined income cross the $8000 mark?
However, buying a house is a big long term commitment for most of us. You have to decide for yourself regardless what others say. Utimately, you are the one who service the installment.
We are lucky to be able buy a house that possible to clear loan within our life time unlike Japan. Will SG become next Tokyo? I don't know, but when possible I want to have a roof over the head for me and my next generation in MY or SG.
what is the requirement for a PR to buy a condo in singapore?
Jan 20 2011, 08:48 PM

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