Housing a Nation, Today & Tomorrow

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

Want to be thrifty also difficult....

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.

(29-12-2010, 05:46 PM)Musicwhiz Wrote: 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.

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 =)

(29-12-2010, 06:30 PM)newborn1000 Wrote: 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.

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