welcome to my club

yup... why not? since we are not in the same company anyway...

3 years of CPF enough for deposit?
How much of CPF are we able to withdraw for buying property?
Currently, it is a lot of savings from both my wife and I trying to fund the deposit.
Need to get ready the funds before we go over the limit.
Savings from Malaysia is next to none when trying to fund the deposit.

low class worker aka rubbish.

ok I am not accountant so this is just my idea,

say your monthly contribution is $1080 now (3k salary x 36%), by then end of 3 years should have about $40k in your CPF factor in salary increment and possible bonus etc. Two person will have $80k.

say you can pay the 20% downpayment only with CPF without cash then you two can actually buy a under $400k hdb right?
One warning for you, make sure there will be no further "upgrading program" if you are buying an old flat. You will be surpise to know how much a PR have to pay for such upgrading.

Hold on to the removation to maintain your cash flow, simple repair and painting etc can DIY. Sometime the owner need extra time to move out, then you can try offering them to stay in your flat a few month in return for lower COV.

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Added on November 15, 2011, 6:13 pmwah... yours is weekly pay or day rate?

Mine is so low

This post has been edited by r1v3r: Nov 15 2011, 06:13 PM

Ok. Thanks a lot of the lower COV tip.
A bit unsure about us being able to use ALL of the CPF as deposit payment.
I always thought it was like a % just like EPF.
Anyway, thanks a lot.
Will do more research till I think I have enough money.

I don't mind really. I'm working in one of the OnG petrol station as pump attendance. sgd$1500/month.

Login to your cpf account to see the max amount you can use for housing.

Cpf and hdb rules are always changing. Better check with them what is the current limit. It was easier years ago.

I thought for cov we need to pay by cash, and is on top of the 20% loan amount down payment ?

Wow, is your company hiring? Me need to look for higher payin job jor.

dun say rubbish la..still is an important job in piping engineering man...

Sure.
But now, still no PR-ship yet.

If i remember what i read correctly and it remained unchanged, yes, only cash.

I am working for 1 of the reseller for the reputable fruit IT company as a sales promoter.
monthly salary around $1.2k.. best part is no commission and bonus..... life is getting hard in SG even staying in JB.

you not working as IT helpdesk ??

You do fit up work prior to welding?

You might want 2 upgrade yourself towards being a certified welder. When i was a "Subi", we had contract welders come to singapore from the states to do specialized precision welding and those guys and gals made around USD 200 upwards an hour for their services and it was money well spent for that particular application.

Or you could do Hyperbaric welding, you basically work around 4 hours-6 hours a day and get paid around 6k for a junior welder of that class and it just get higher depending on the welding requirements, location, depth and environmental conditions.

This post has been edited by crapp0: Nov 15 2011, 11:48 PM

mandarin in SG important or not?

the prob, is your wife drawing the good salary too? How about the shopaholic wife?
I seldom find the girls who save lots money in their working life.
I want the financial freedom(want this badly, too tired of office politics), I find it to retire at penang with cheap cost of living and good medical centre. However, I like city environment where I can see lots chio girls
Not to be proud because the inheritance, I have already had 5 landed houses and 1 shophouse from my father under my name(Thanks to him).
In singapore, I find it better to rent rather than buy a condo there, I think it will be crazy to sell all my houses to buy 1 condo in Sg..

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Added on November 15, 2011, 11:56 pmthe prob, is your wife drawing the good salary too? How about the shopaholic wife?
I seldom find the girls who save lots money in their working life.
I want the financial freedom(want this badly, too tired of office politics), I find it to retire at penang with cheap cost of living and good medical centre. However, I like city environment where I can see lots chio girls
Not to be proud because the inheritance, I have already had 5 landed houses and 1 shophouse from my father under my name(Thanks to him).
In singapore, I find it better to rent rather than buy a condo there, I think it will be crazy to sell all my houses to buy 1 condo in Sg..

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Added on November 15, 2011, 11:57 pmI hate to travelling long way. I just want to rent the room near working place, save lots time to be spent for useful thing.
This past 2 years I have to travel around 1-1.5 hrs, this makes me sick!!

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Added on November 16, 2011, 12:02 amPrice is what you pay, value is what you get.
I like japanese and korean cuisine, Ngee ann poly food court is the best for me.
Got salmon, ebi just for $3-3.5 etc..
I hate the economical rice bro.. $10/day is enough for me.
At weekend can eat sushi buffett at nihonmura just for $20.

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Added on November 16, 2011, 12:11 amsunkist is more important bro
joking... I cannot speak mandarin bro, I was in malay educated school

This post has been edited by Materazzi: Nov 16 2011, 12:11 AM

i just got fired by the helpdesk company and now working as a sales promoter.

Wont look good if your future employer found out that you got fired from your last job.

This post has been edited by crapp0: Nov 16 2011, 08:30 AM

if you like chio girls and get yourself a shopaholic wife it means you are very handsome and capable loh.

Me and my wife live a morderate life.

buying properties is really your personal decision depend on your financial goal.

trust no one