March BTO 2012

[F3Rm1nat0r]

got extra chances?

I applied for the last SOBF, never get. That means I got extra chance this time?

nope no such thing, onl get extra chances if u apply for non-mature bto

 

[mAtcHz]

look at the desperate rate of application... i think next bto 4 room flats will be selling at 500K, then the next will be 550K, the next will be 600K, and so one... hosay liao singaporeans, no more chance of having reasonable price for hdb flats... all can hug can die together liao, cheers!

hunting will only stop when we stop buying. but well, most Singaporean will just complain but end of the day still paying way beyond

 

[jeffheng]

OMG response so good, HDB earn alot of $10 liao...
even Bukit Panjang also over subscribe...

 

[gnixer]

bao jia 1 la. somemore no refund for those failed applicants.

 

[ahzai66]

hunting will only stop when we stop buying. but well, most Singaporean will just complain but end of the day still paying way beyond

thats y they dare to sell it at such ridiculous price, cos it is the citizen who are causing it, falling into their trap so easily, hdb knows that no matter what price they set, even if they set 3 room at 1 million i think also will over subscribe.

but if everyone shuns from applying and there is no demand, then they will set the prices lower for the future btos, i think the citizens don know how to think, brain dead already.

 

[ahzai66]

singaporeans very good to bully, always lan lan wait to be eaten only

 

[gnixer]

singaporeans very good to bully, always lan lan wait to be eaten only

not really, to be exact is 60.1%

 

[ahzai66]

last time my father buy a 4 room hdb 104sqm, built by singaporean construction worker, same type of construction materials, price is at 60K

now you wan to buy a 4 room hdb 93sqm, built by bangala construction worker, same type of construction materials, price is at 400+K , add on interest u pay 500+ to 600K...

singaporeans know how to calculate bor? after all the years of education still don know how to calculate? hhmm... think singapore education system really failed...

 

[dreamer75]

if gotten a Registration No. from HDB website after the application exercise means the application had been submitted and payment.

Means application successful?

 

[royallyme]

if gotten a Registration No. from HDB website after the application exercise means the application had been submitted and payment.

Means application successful?

Means application submitted. You will only know if successful after the ballot

 

[dreamer75]

Means application submitted. You will only know if successful after the ballot

thanks.

reason i asked is because i chose "VISA" payment (from HDB website) but i used a MASTERCARD cc to pay.

No error and it went through.

 

[Kevin10]

look at the desperate rate of application... i think next bto 4 room flats will be selling at 500K, then the next will be 550K, the next will be 600K, and so one... hosay liao singaporeans, no more chance of having reasonable price for hdb flats... all can hug can die together liao, cheers!

hunting will only stop when we stop buying. but well, most Singaporean will just complain but end of the day still paying way beyond

Juz curious, have u guys got ur own flat already ??

 

[idolcritic]

last time my father buy a 4 room hdb 104sqm, built by singaporean construction worker, same type of construction materials, price is at 60K

now you wan to buy a 4 room hdb 93sqm, built by bangala construction worker, same type of construction materials, price is at 400+K , add on interest u pay 500+ to 600K...

singaporeans know how to calculate bor? after all the years of education still don know how to calculate? hhmm... think singapore education system really failed...

The problem is...calculate already still have to pay if you want house.

 

[ahzai66]

Juz curious, have u guys got ur own flat already ??

no, how to afford with this type of prices? have u got your own flat?

 

[idolcritic]

thats y they dare to sell it at such ridiculous price, cos it is the citizen who are causing it, falling into their trap so easily, hdb knows that no matter what price they set, even if they set 3 room at 1 million i think also will over subscribe.

but if everyone shuns from applying and there is no demand, then they will set the prices lower for the future btos, i think the citizens don know how to think, brain dead already.

The problem is that housing is a necessity, and there is a timing element to it. eg. getting married. When something is a necessity, you can't refrain from buying. Even if can, for how many years?

 

[ahzai66]

The problem is that housing is a necessity, and there is a timing element to it. eg. getting married. When something is a necessity, you can't refrain from buying. Even if can, for how many years?

it is because it is a necessity thats y the govt is taking advantage of the citizens' situation, and if the citizens are being bullied in such an unreasonable manner, all citizens such unite and show your displeasure to make life better for each other, there are so many ways to do it... but too bad... no unity in singaporeans, all can just wait and die, foreigners will rule here soon

 

[idolcritic]

it is because it is a necessity thats y the govt is taking advantage of the citizens' situation, and if the citizens are being bullied in such an unreasonable manner, all citizens such unite and show your displeasure to make life better for each other, there are so many ways to do it... but too bad... no unity in singaporeans, all can just wait and die, foreigners will rule here soon

How do you propose we do it?

 

[Kevin10]

no, how to afford with this type of prices? have u got your own flat?

Nope.. but am in this current BTO.. Too bad.. Admit prices are rocket high but as 1 of the bro had said, prices are always increasing , dunno muz wait hw long den the price decrease..

HDB are clever.. foreigners come push the resale prices up den we citizens cfm go for BTO and HDB push the BTO prices up..

So simple to say - Buy resale also die, buy BTO also die..

 

[3G SAINT]

Juz curious, have u guys got ur own flat already ??

Buy house is easy own house is not easy...hahaha..


The Straits Times
Apr 1, 2012
Set up rainy-day fund before investing
Given uncertainty and higher costs of living, experts advise saving 6 to 12 months of pay

By Aaron Low

One of the most basic rules for personal financial planning is to establish a personal emergency fund for a rainy day.

The conventional wisdom is that the emergency fund should comprise between three and six months' worth of one's salary. So for instance, if a person earns $4,000 a month, his emergency fund should be built to at least $12,000.

But increasingly, this conventional wisdom is being challenged on many fronts.

For one thing, financial advisers say that the uncertain economic outlook and higher costs of living mean that three months of savings may simply not be enough.

Mr Patrick Lim, director of financial advisory firm PromiseLand, advises his clients to save between six and 12 months of salary as an emergency fund.

'I see a lot of people who, in their 40s, get retrenched, and they can't find a job easily. They may take up to a year (to find another job) and even then, they may have to face a pay cut,' he says.

'Call me conservative but I prefer to be safe than sorry.'

Mr Christopher Tan, chief executive of financial advisory firm Providend, agrees and adds that it is not surprising that in the United States, financial experts are saying 10 months of expenses should be set aside as emergency funds.

But whether it is six or 12 months, all financial experts say putting aside a sum of money should be a top priority for everyone.

Financial adviser Leong Sze Hian says it is absolutely crucial that people focus on building this fund first, even before thinking of buying a house or car.

'They spend and spend, then they lose their job. They end up having to sell off to pay debts or cashing out on their insurance policy before maturity which will cost them a lot more,' he says.

It is unclear whether Singaporeans have adequate savings for such emergencies, but anecdotal evidence from financial advisers points to an alarming lack of awareness.

Mr Lim and Mr Leong say the majority of people they meet do not consciously set aside such funds, either because they think it is not important or they are unaware that they need to.

Says Mr Leong: 'It's not that difficult to achieve and everyone, whether low-income or high-income, should try to do this.'

For the big spenders, here are five tips to get started on building the emergency fund:

• Budget, budget, budget. You can't start saving until you know how much you spend, says Mr Leong.

'Get your family together to sit down and figure out what money comes in and what goes out. Then you will be able to see what can be cut and how to save,' he says.

• Set up an automated transfer that channels part of your salary to a savings account.

Says Mr Tan: 'Every month, upon getting your net salary, before you even spend your money, stash away your monthly saving amount to another account.

'Continue to do this till you reach your emergency fund. Beyond that, the monthly 'saveable' can now be invested.'

• Save before you invest. If you have just started working, you should save first before buying a car, says Mr Lim.

'One way to accumulate savings is to look at topping up your Central Provident Fund. For the first $20,000 of your Ordinary Account, you get 3.5 per cent; for the Medisave and Special accounts, you get 5 per cent for the first $40,000,' he says.

'Given the low interest rate environment, that's a gold mine. Focus on maximising the returns first from these savings.'

• Break down your expenditure to the last dollar, including credit card bills. Once you see exactly how much you spend versus how much you bring in, it will be clear how much you need to cut back on, says Mr Tan.

• Stay clear of debt, including charge and credit cards. If you need to swipe the plastic, make sure you pay it back in full.

There is always the temptation to spend more than one has, since one does not quite see the bill until later.

But if you need to use the credit card, pay it back in full. Snowballing on credit card debt is the surest way to destroying any kind of savings.

 

[idolcritic]

Nope.. but am in this current BTO.. Too bad.. Admit prices are rocket high but as 1 of the bro had said, prices are always increasing , dunno muz wait hw long den the price decrease..

HDB are clever.. foreigners come push the resale prices up den we citizens cfm go for BTO and HDB push the BTO prices up..

So simple to say - Buy resale also die, buy BTO also die..

Because BTO prices are tagged to Resale prices also. So resale in severe shortage now, price keep going up, BTO prices also have to follow.