QUOTE(seantang @ Oct 2 2008, 04:18 PM)
Firstly, are you eligible to buy a 1st hand HDB in the first place?
1. Like
westcoastbay said, are you married? Family units are given much higher priority than singles.
Secondly, if you're married to a Singaporean, that's good enough to get yourself onto the ballot for new HDB flats.
2. What is your income? The income gaps are quite narrow, and unless you buy your flat early in life, like many Singapore couples, you won't get any of those cheap & cheerful 3 room flats. With something like only 5K salary, you are already forced to buy 4 or 5 room flats, which are only 20-30% less than private condos (with 1 or 2 fewer rooms of course). If you earn above 8K a month, you're not entitled to buy new HDB flats at all. If I am not mistaken, even buying 2nd hand flats is limited to executive units and above only. For those prices, might as well pay a bit more and get something freehold which appreciates faster and much easier to sell later on.
3. What makes you think non-Malaysian citizens can buy property in Malaysia? If they could, there'd be no reason for the MM2H program, no?
1) Tat's why need TS to answer your 1st question.
2) Are u sure high salary must buy expensive HDB, low income earners will enjoy the benefit of buying cheap HDB?
What if let’s say now I earn only $4K, 2 yrs later I earn $10K?
My company MD, which I believe shld be drawing a salary of at least $10K is staying in a HDB now.
Mind to share any source?
3) Maybe TS is married to a Malaysian, husband take up Singaporean citizen, wife remain as a Malaysian. So, when in Malaysia, her wife can buy a house under both husband and wife's name.