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 28 Sep 08 11:48 pm |
| Anonymous wrote: | Yeah ..i am holding on to buy. Dont want to catch the peak and have to pay high mortgage for the rest of my life.
It is not easy to save $100k in two years and i am NOT ready to fork up that much extra for property now. |
Thats right. If you commit to 50K more loan today, in the end you will end up paying back over 100K including interest.
Make sure you do your financial planning before you get caught into a bidding war over a flat and end up paying a sum that you regret all your life. |
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28 Sep 08 11:50 pm |
| Anonymous wrote: |
Yes! Good Effort! After going thru' found that valuation actually is higher than before!
Thanks for showing that valuation is still going up!!  |
You're welcome! Are you an agent? I am guessing you are cos you are totally missing the point I was driving at. 
And duh, dude, of course valuation has gone up. With sellers/agents asking for inflated COV in the last few months, why should we expect higher valuation? Why are you stating the obvious?  |
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28 Sep 08 11:52 pm |
Sigh, paiseh, I mean "why shouldn't we expect higher valuation?"  |
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29 Sep 08 5:39 am |
bro... I ever offer 15K COV for a SK EA and kena rejected... I can't state location,blk and time..but few days ago it is still on sale...
I am really confused by the seller's mentality. |
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29 Sep 08 9:36 am |
| Anonymous wrote: | bro... I ever offer 15K COV for a SK EA and kena rejected... I can't state location,blk and time..but few days ago it is still on sale...
I am really confused by the seller's mentality. |
seems like the 4rm flat now already 320K value next quater if value will go up to say 350K and plus cov it beocme 370K , i personally dont think can affort to buy 4rm flat , now 3rm also already hit 270K without COV if it increase again , it might be around 300K plus cov then it become 320K , find so scary to own one here as value to high and i dont think i can get loan as the my pay is 4K. i was thinking to buy a condo in JB , heard it will cost around 150K RM to 300K RM , then buy a car travel to Singapore , anyone know any better condo which is safe to buy ? |
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29 Sep 08 11:47 am |
| Anonymous wrote: |
seems like the 4rm flat now already 320K value next quater if value will go up to say 350K and plus cov it beocme 370K , i personally dont think can affort to buy 4rm flat , now 3rm also already hit 270K without COV if it increase again , it might be around 300K plus cov then it become 320K , find so scary to own one here as value to high and i dont think i can get loan as the my pay is 4K. i was thinking to buy a condo in JB , heard it will cost around 150K RM to 300K RM , then buy a car travel to Singapore , anyone know any better condo which is safe to buy ? |
Bro, that sounds a bit drastic actually.. Hang in there and wait a bit. The prices should fall in the near future.. As many in this forum has pointed out.. it has reached a level that is not sustainable and beyond affordability of the general population.
Remember you are not alone in this waiting game. |
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29 Sep 08 12:01 pm |
i see the new ballot flats released recently by hdb, price of a new 4rm at kallang is $365k onwards. price of a new 5rm at queensway (ulu location by the way, not those near mrt) is almost $490k. price of central S1/S2, dunno what those mean. HDB LEY! SUBSIDISED LEY! govt claimed heavily subsidised ley! sai lor.. like that how to buy my own home? i just want a home for me and future only mah.. basic thing like a roof over head is looking more n more difficult to acheive now!
and wonder any of u saw the eligible criteria for new HDB flat application, esp the salary part. couple combine salary below $3000 then can apply for 3rm. couple combine salary over $3000 up to $8000 can nly apply 4rm to EC. if couple salary just over $3k, die liao lor.. destine cannot marry or cannot have home cos $3k how to pay for a 4rm flat at the current market rate? seriously, this nation is milking us as dumb cash cows! |
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29 Sep 08 12:53 pm |
| Anonymous wrote: | i see the new ballot flats released recently by hdb, price of a new 4rm at kallang is $365k onwards. price of a new 5rm at queensway (ulu location by the way, not those near mrt) is almost $490k. price of central S1/S2, dunno what those mean. HDB LEY! SUBSIDISED LEY! govt claimed heavily subsidised ley! sai lor.. like that how to buy my own home? i just want a home for me and future only mah.. basic thing like a roof over head is looking more n more difficult to acheive now!
and wonder any of u saw the eligible criteria for new HDB flat application, esp the salary part. couple combine salary below $3000 then can apply for 3rm. couple combine salary over $3000 up to $8000 can nly apply 4rm to EC. if couple salary just over $3k, die liao lor.. destine cannot marry or cannot have home cos $3k how to pay for a 4rm flat at the current market rate? seriously, this nation is milking us as dumb cash cows! |
Bro, no choice, govt dun care on this issue just let it keep to going up. is there any body can raise up this problem to govt so that they can concern on this issue..if not..even increase the baby bonus , income tax deduction and etc...oso no use bcos no marry where got baby? no babyb how can increase the population of singapore? please take note of this. |
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29 Sep 08 1:42 pm |
| Anonymous wrote: | | Anonymous wrote: | i see the new ballot flats released recently by hdb, price of a new 4rm at kallang is $365k onwards. price of a new 5rm at queensway (ulu location by the way, not those near mrt) is almost $490k. price of central S1/S2, dunno what those mean. HDB LEY! SUBSIDISED LEY! govt claimed heavily subsidised ley! sai lor.. like that how to buy my own home? i just want a home for me and future only mah.. basic thing like a roof over head is looking more n more difficult to acheive now!
and wonder any of u saw the eligible criteria for new HDB flat application, esp the salary part. couple combine salary below $3000 then can apply for 3rm. couple combine salary over $3000 up to $8000 can nly apply 4rm to EC. if couple salary just over $3k, die liao lor.. destine cannot marry or cannot have home cos $3k how to pay for a 4rm flat at the current market rate? seriously, this nation is milking us as dumb cash cows! |
Bro, no choice, govt dun care on this issue just let it keep to going up. is there any body can raise up this problem to govt so that they can concern on this issue..if not..even increase the baby bonus , income tax deduction and etc...oso no use bcos no marry where got baby? no babyb how can increase the population of singapore? please take note of this. |
can lar.. more single mums lor.. cos dating women get pregnant then cant afford to buy home, then break off relationship. we have a welcoming govt to FTs too, so can still meet target. anyway everybody can get married, just that cannot stay together lah..
i have a friend, married for 3 years but still living apart from wife cos havnt got their home yet. |
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29 Sep 08 3:54 pm |
The latest HDB Ballot exercise for 992 flats.so far already receive 4322 applicants!!!
looks like the HDB still high in demand!!! |
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29 Sep 08 4:06 pm |
| Anonymous wrote: | The latest HDB Ballot exercise for 992 flats.so far already receive 4322 applicants!!!
looks like the HDB still high in demand!!! |
aiya...mostly those singaporean who has already gotten house just try their luck to bid since it's granted that new HDB flat sure earn money... why not? since gurantee earn $, why not ? |
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29 Sep 08 8:28 pm |
| Anonymous wrote: | | Anonymous wrote: | bro... I ever offer 15K COV for a SK EA and kena rejected... I can't state location,blk and time..but few days ago it is still on sale...
I am really confused by the seller's mentality. |
seems like the 4rm flat now already 320K value next quater if value will go up to say 350K and plus cov it beocme 370K , i personally dont think can affort to buy 4rm flat , now 3rm also already hit 270K without COV if it increase again , it might be around 300K plus cov then it become 320K , find so scary to own one here as value to high and i dont think i can get loan as the my pay is 4K. |
Are u sure or not? I earning 1.7k only but I still can afford my house...... |
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29 Sep 08 10:25 pm |
| Anonymous wrote: |
Are u sure or not? I earning 1.7k only but I still can afford my house...... |
Friend, what is your loan tenure? |
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29 Sep 08 11:38 pm |
| Anonymous wrote: | | Anonymous wrote: |
Are u sure or not? I earning 1.7k only but I still can afford my house...... |
Friend, what is your loan tenure? |
and also, when did u get your home and at what price? |
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fc
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30 Sep 08 8:39 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
Are u sure or not? I earning 1.7k only but I still can afford my house...... |
Friend, what is your loan tenure? |
and also, when did u get your home and at what price? |
And how long did you save before you put your initial downpayment? Did it come out of your CPF?
Also, how much is your monthly payment for your home? |
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30 Sep 08 8:52 am |
US wallstreet crashed record -777 points overnight...great depression part II coming...still wanna buy flat at record price ....  |
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30 Sep 08 9:43 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | bro... I ever offer 15K COV for a SK EA and kena rejected... I can't state location,blk and time..but few days ago it is still on sale...
I am really confused by the seller's mentality. |
seems like the 4rm flat now already 320K value next quater if value will go up to say 350K and plus cov it beocme 370K , i personally dont think can affort to buy 4rm flat , now 3rm also already hit 270K without COV if it increase again , it might be around 300K plus cov then it become 320K , find so scary to own one here as value to high and i dont think i can get loan as the my pay is 4K. |
Are u sure or not? I earning 1.7k only but I still can afford my house...... |
r u sure or not . ...1.7K and still can affort hdb flat ( unless you buy 15 years back)
lets do some simple calcluation
1.7k deduct cpf 20% = 340 balance 1360
to save 10% downpayment you need to save atleast 7 years
so now , if you buy 3 rm flat for 300K with 10% downpayment you loan about 270,000 tensure for 30 years with interest of 2.6% if you r citizen ( base on your pay i dont think you r pr)
so your montly installment could be around 1050 per month , so the balance is 310.00
what you can do with 310 ?
utility bill , transport fee , your child school fee , provisioning for your home , entertainment , marketing , clinical fee , town council fee |
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30 Sep 08 10:22 am |
Does anyone know why the bank and HDB dont want to include the COV as part of mortgage ? does this means illegal or overpriced
if overpriced then why the valuvation keep on going up?
pls advise me , im new to Singapore |
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