This is a discussion on how to appeal for a flat and welfare aids? within the HDB, DBSS, Executive Condominium Discussion forum, part of the Home Planning Forum category; i think my husband and i very lucky.. back then when we bought our 4 room flat.. we had to ...
i think my husband and i very lucky.. back then when we bought our 4 room flat.. we had to pay COV of 6k which was already a lot.. they were asking for 10k..
we managed to take hdb loan with a single income of 2k (back when the rules hasn't change.. after we bought, immediately change already!) so in totally.. our flat cost us 252k.. we paid 6k cash and the 40k grant and another 6k with cpf.. so end up our loan amount is very little.. only 200k..
nowadays.. where you gonna find 4 rm resale flat so cheap.. but the downside is when we buy another flat again, we will be paying the same COV as others..
Seriously, I dont't think you can apply for any kind of welfare aids if you are able to purchase a 4room flat.
The income ceiling for a BTO 3 room is 3k. Your combined income is only $2k, I think you really need to think twice about apply for a 4 room flat. The monthly installment is $700-800 which is almost half of your salary ...
Have you applied for a HLE already? They willing to loan you so much money meh?
From my perspective, I think 3 rm suits you more. You'll ve a little bit more spare $$ to spend, you can invest your CPF $$, you pay less int to bank to HDB, you pay lower conservancy charges, you get more whatever subsidies govt gives,and get more GST rebates ect. In short, you pay less but get more.
Some more, the return on investment for 3 rm is the highest.
Also, there are only 3 of you, and you want your privacy. If you rent out a room, then there'll be none. No guarantee that you'll get good tenants. What if tenant never pay rent on time, or not even pay you. Then you'll end up "taking care" of your tenant. Even more stress financially.
here's what I saw ::
1. Go see MP with child / children in tow..
"Cry" saying no housing for the children. Be sincere & dont't try
to "smoke" the MP.
They will give you a letter with MP's signature & bring to
HDB (make copies) & apply.
Keep at least one copy for re-application in case you do not get a favourable reply via snail mail..
Do not be choosy since "Begger can't be choosers" Excuse the pun
2. Text as many housing agents as possible saying you're willing to buy a re-sale flat first timer at valuation only. Few will reply & you tell them your situation.
* Remember first timers will receive a grant of 30-40k(depending on case to case basis + live near parents extra 10k. That should be enough to cover your 20% downpayment..! My friend got 50k grant all including live near parents even though he's a biit off *
dont't be taken in by agents saying this period cannot buy at valuation (That's pure BS...! More money equates to higher commission packet, think in the lines of people getting divorced so forced to sell flat, bankrupts etc)
If you're in dire need to get a flat then any 3-rm flat that sells below 250k should be sufficient. BE PATIENT since it will require you to view secure your flat. The again if any flat comes along, just grab at least its a place you can call your own.
Note :: Original condition flats as sited in papers or web means no renovation flat that would be your best bet.
* YOU WILL GET YOUR RE-SALE FLAT TOO*
Take care & good luck
Ultra compact stroller up for reservation!
ya ..that's y i dont want to buy resale..but BTO also cannot get..
Can you imagine the flat i just bought it has no reno at all yet asking for 27k alrdy~ But reasonable bcoz the total selling price is just 315k that is inclusive of the cov for a 4rm flat.
When i bought that flat i aso worry is it sumthing wrong with the flat if not hw come so cheap coz the flat at that area is at least 350k inclusive of cov~
Yes i must agreed that the cov is madness....so much cov yet no reno is done sumore no aircon units too~
Yeah reno wise we will need to spend at least 15k~ just the cov alone is alrdy taking alot of our $$ so end up our reno budget aso went down bcoz the cov budget was over what we xpected~ we only put aside 20k initially~
& the onlyy one earning is my bf. We recently applied for a 3rm under BTO & we successfully got it.. I dont't understand why you insist to want a 4rm flat but actually if you think about it 3rm is better because you will not need to slog very hard to support the house & everything.. We dont't mind a 3rm though im a grad-to-be as I feel we do not need it.
& what's more renting out may not be what you expect because i'm living on a rented room & I fully agree that it will be the best to have the whole house to yourself & yr family.
All the best in getting a flat.