Change #1
Minimum Occupation Period (MOP) has been revised. For all who buy a resale flat from 5 March 2010, the new MOP is now 3 years (formerly 1 or 2.5years), regardless of loan taken.
MOP of 5 years remains for owners of new flats, or those taking up HDB grant.
Flat owners who own their flats [...]
It’s mainly shopping and medical for now, but I foresee, in future, middle and low-wage Singaporeans earners who have fallen behind may also find it necessary to retire in Johor too. For the price of a 2-room HDB flat in Singapore,
one can get a 2-3 bedroom terrace house in Johor, just 15 minutes north of [...]
Continue reading about Shopping, Medical, and in future, Retire in Johor too
Speech by Mr Mah Bow Tan, Minister for National Development, at the Committee of Supply Debate on Friday in Parliament.
- Meeting diverse housing aspirations
- Commitment to young couples, first-timers
- Focus on affordability and financial prudence
- Focus on owner-occupation
Mr Chairman, Sir, Public housing is a hot topic every year, but it is especially hot this year. [...]
Continue reading about Building an Endearing Home for Singaporeans
BIG CONCESSION FOR DOWNGRADERS
SINGAPORE – When he said he was feeling the heat, National Development Minister Mah Bow Tan was not referring to the weather, but the “exceptionally” high number of questions in Parliament on housing, he said in jest.
The 15 Members of Parliament who put questions and issues to his ministry included those who [...]
Continue reading about HDB loans soon to be available to downgraders
The 5room flats for SkyVille @ Dawson and SkyTerrace @ Dawson and ranges between $532,000-$643,000.
According to HDB estimates, taking a midpoint pricing for the 5room flats, with a median salary of $6,500, the monthly installment over 30 years would be $2,108.
Gross pay: $6,500
Nett pay (after CPF): 0.8*6500 = $5,200
Mortgage payble via CPF = approx [...]
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