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PR Newswire
04-05-2015, 10:21 AM
Government have help to Redefining affordable HBD which you don't own on 99yrs lease.
It’s affordable as long as you have the ability to service the LOAN through CPF for the next 25-30yrs. What is previously UNaffordable have now all become Affordable!
People have take Long-Term Employment for granted and presumed Salary will keep going Up. But with the current influx of Foreign Talent’s you can’t even guarantee you will be Employ for the next 1-2yrs, let alone 25yrs.
If we Can’t even be certain of Employability how then can we say buying HDB on a 25yrs loan is Affordable?
Your Job is Temporary but Mortgage is Long-Term!
It’s affordable as long as you have the ability to service the LOAN through CPF for the next 25-30yrs. What is previously UNaffordable have now all become Affordable!
People have take Long-Term Employment for granted and presumed Salary will keep going Up. But with the current influx of Foreign Talent’s you can’t even guarantee you will be Employ for the next 1-2yrs, let alone 25yrs.
If we Can’t even be certain of Employability how then can we say buying HDB on a 25yrs loan is Affordable?
Your Job is Temporary but Mortgage is Long-Term!