Recently had a incident with HDB,when i applied for BTO.In the application i also applied for the stay near parents grant of $40k.
Thus i also received that grant form together with my bto house selection forms.But when i went for my appointment,the person said i am not eligible for the 40k grant as its BTO.And had to come up with quite alot of cash within the 3 months after deduction from my CPF a/c.
Just thinking if the goverment is promoting children buying flats near their parents,why is the grant only appliciable for resale only and not for BTO,given that even the BTO flat price is high which the goverment somehow claims its affordable.Yes its "affordable" for the next 30yrs of my life with little saving, given that the "concessionary" loan by HDB itself the overall interest amount for the 30yrs is quite high.
Its not like we are after a high end house,but a normal small flat near my parents due to family support in future.
Thus wondering why the hell HDB sent the grant form if they know that i am not eligible as my application was for BTO.
And also the loan is based on income ceiling,and asking us to top quite a high amount in cash before the loan can be given...if i had that much amount of cash they ask me to give before they gimme a loan,why would i even be there appying for the HDB loan or the 40k grant....?
So much so for goverment begging singaporeans to start family and have more kids.If like this how are young singaporeans suppose to start family young and not wait till 30+ when i am fiancially stable to afford a simple flat which is a basic necessity????
Thus i also received that grant form together with my bto house selection forms.But when i went for my appointment,the person said i am not eligible for the 40k grant as its BTO.And had to come up with quite alot of cash within the 3 months after deduction from my CPF a/c.
Just thinking if the goverment is promoting children buying flats near their parents,why is the grant only appliciable for resale only and not for BTO,given that even the BTO flat price is high which the goverment somehow claims its affordable.Yes its "affordable" for the next 30yrs of my life with little saving, given that the "concessionary" loan by HDB itself the overall interest amount for the 30yrs is quite high.
Its not like we are after a high end house,but a normal small flat near my parents due to family support in future.
Thus wondering why the hell HDB sent the grant form if they know that i am not eligible as my application was for BTO.
And also the loan is based on income ceiling,and asking us to top quite a high amount in cash before the loan can be given...if i had that much amount of cash they ask me to give before they gimme a loan,why would i even be there appying for the HDB loan or the 40k grant....?
So much so for goverment begging singaporeans to start family and have more kids.If like this how are young singaporeans suppose to start family young and not wait till 30+ when i am fiancially stable to afford a simple flat which is a basic necessity????