[Breaking] The Housing Board will relax the way it assesses the income of young couples when they buy a Build-To-Order flat, making it easier

[fandango]

It will make it more costly

I see Woodlands BTO 5rm price, my ball already shrink.

 

[thretiredDad]

Aint they going to incurr long term debts?

Are you expecting HDB
to become so affordable and cheap
that fresh graduates can take out zero loans and
still purchase a HDB BTO?

 

[fandango]

Aiya, HDB why so silly. Just increase maximum loan tenure to 40 years lar. Simple.

This will make hdb bto prices looks affordable.

 

[louisoh]

Aint they going to incurr long term debts?

MIW wan u to be on the hamster wheel as long as possible.

if everyone no debts.. who will work, economy gone.

 

[Earthling]

allow the youngsters to borrow beyond their means. keyi

 

[TopGun]

Is this supposed to be good news?

 

[boredom2012]

More good news for election

 

[AndreFLo]

Keep harping on the "little to no cash outlay" to justify their meaning of affordability.

They are not tackling the root of the problem at all

 

[ckt1978]

no jobs ask them take on debt liao.
well done.

 

[stingray1211]

so many got passive income which are not required to be declared. fair meh ?

so many EDMWers for a few k passive monthly.


Read HWZ Forum Rules!

 

[Ubi-Warrior]

As the late great LKY said!

You max yourself out , then the Govt will pump the price up for you with population ponzi to give you asset appreciation!

 

[Shion]

pls la
end up all choked by long term loans nia

 

[Hyruga]

Huat ar! More couple can buy!

The bird has spoken! Just before its erection.

 

[bluerhino]

SINGAPORE - The Housing Board will relax the way it assesses the income of young couples when they buy a Build-To-Order flat, making it easier for those who are still studying or just started working to buy more expensive units.

From the next BTO exercise in July, couples can choose to delay their income assessment for a housing loan until just before they collect the keys to their flat, as long as one party is a full-time student or national serviceman.

This would effectively mean that couples would be able to qualify for a higher loan amount as they would have been working for some time by then.

This one is targeting shotgun marriages? Since only student or NSmen qualify.

 

[bluerhino]

I see Woodlands BTO 5rm price, my ball already shrink.

How much?

 

[Clarence NMT]

Single need wsit 35 years old , as long this exist , will not help much

 

[fandango]

How much?

Wait huh, let me check.

 

[roburn]

Means houses are getting more expensive to the extend that applicants cannot afford based on the salary during the point of application

 

[fandango]

How much?

Prices (without grants) range from $140,000 to $251,000 for a two-room flexi flat, $275,000 to $363,000 for a three-room flat, $365,000 to $528,000 for a four-room flat, and $486,000 to $661,000 for a five-room flat.

 

[mojojo]

Something like a deferred payment scheme
Buy first based on current income, pay later based on future income