Housing a Nation, Today & Tomorrow

[yeokiwi]

For 3 rm flat, the household income ceiling is $3000.
2 rm flat is $2000.

Want to be thrifty also difficult....

[Musicwhiz]

HDB seems to have got it just right to perpetually enslave the Singapore population.

They create these limits for their HDB flats so that if you are a high waeg earner, you are "forced" to buy more expensive housing and drain your savings. For 4-room, 5-room and DBSS flats, the cap has been $8,000 for donkey years; and only recently has the cap for EC been raised to $10,000, which is still pathetically low considering a couple only needs to earn $5,000 each to breach it.

Imagine if a couple earning $12,000 were allowed to buy cheaper housing like a 4-room flat. They would be able to save much more, have a lower DSR and be more cash rich. Their CPF OA would also be wiped out much less.

[Zelphon]

HDB seems to have got it just right to perpetually enslave the Singapore population.

They create these limits for their HDB flats so that if you are a high waeg earner, you are "forced" to buy more expensive housing and drain your savings. For 4-room, 5-room and DBSS flats, the cap has been $8,000 for donkey years; and only recently has the cap for EC been raised to $10,000, which is still pathetically low considering a couple only needs to earn $5,000 each to breach it.

Imagine if a couple earning $12,000 were allowed to buy cheaper housing like a 4-room flat. They would be able to save much more, have a lower DSR and be more cash rich. Their CPF OA would also be wiped out much less.

It is a ploy by the govt to bind the masses in debts..

Else who will wanna work till 70 yrs old and feed this gigantic engine called SINGAPORE INC.

[newborn1000]

Apparently, there is some confusion here..........So I made a quick check........both 8k & 3k answers are right =)

http://www.hdb.gov.sg/fi10/fi10321p.nsf/...omeCeiling


Type of Flat Gross Monthly Household Income
Buying a 3-room (mature towns/estates), 3-room (Premium), 4-room or bigger flat

* Your gross monthly household income must not exceed $8,000
* If you are buying a flat with your extended family, your gross monthly household income must not exceed $12,000

Buying a 3-room (non-mature towns/estates) Your gross monthly household income must not exceed $3,000.
Buying a 2-room Your gross monthly household income must not exceed $2,000.




Apparently, even yishun riverwalk (August) 3 room is selling at $141-181k..........So my plan still works =)

[kazukirai]

Apparently, there is some confusion here..........So I made a quick check........both 8k & 3k answers are right =)

http://www.hdb.gov.sg/fi10/fi10321p.nsf/...omeCeiling


Type of Flat Gross Monthly Household Income
Buying a 3-room (mature towns/estates), 3-room (Premium), 4-room or bigger flat

* Your gross monthly household income must not exceed $8,000
* If you are buying a flat with your extended family, your gross monthly household income must not exceed $12,000

Buying a 3-room (non-mature towns/estates) Your gross monthly household income must not exceed $3,000.
Buying a 2-room Your gross monthly household income must not exceed $2,000.




Apparently, even yishun riverwalk (August) 3 room is selling at $141-181k..........So my plan still works =)

Thanks Newborn, I wasn't aware of the differences.

[pianist]

for 3-room mature and premium type closing to 50 years old..i wonder will they still command higher price in the future