May BTO 2012

[KuroKnight]

Got the best and nicest view IMO mah, thats why very hot.



Any reason why 109 is out for you?

haizzz, sad to say, buying a house muz be a mutual agreement between u n ur wife.... even though i am immune to the sound for the past many years but my wife-to-be is strongly opposing it. haf to gib in to her. i still have not learn to be immune to nagging and grumbling

is there an empty land diagonally opposite 109? I remember there are only eminent plaza and shop houses.

unless you are talking about the empty land with petrol station. yes it will be expanding in future with high rise buildings.

i guess i will dropby again over this weekend and have a look... maybe i see it wrongly.. if possible, i try to see if i can tk photo of it..

 

[wdblazer]

haizzz, sad to say, buying a house muz be a mutual agreement between u n ur wife.... even though i am immune to the sound for the past many years but my wife-to-be is strongly opposing it. haf to gib in to her. i still have not learn to be immune to nagging and grumbling





i guess i will dropby again over this weekend and have a look... maybe i see it wrongly.. if possible, i try to see if i can tk photo of it..

The empty land is directly opposite 109, whereas shop houses are diagonally opposite 109. The empty land mark for commercial high rise, I dunno how high it will be, but shouldn't affect the view of 109 since 109 look outward toward where the shop houses are.

 

[jareon81]

The distance is not far... You take a closer look at the map and the actual site

109 is "near" the cross junction which you also agree with me.

They are not aware of the noise level too... Good luck to them too. I rather choose somewhere inner... at least not so bad,.

Actually if noise is the issue, I think that a lower level unit say level 7 at 131 should be quiet, won't want to be too low because of the fitness stations in front. You would also be closest to the MRT station.

 

[keithster]

haizzz, sad to say, buying a house muz be a mutual agreement between u n ur wife.... even though i am immune to the sound for the past many years but my wife-to-be is strongly opposing it. haf to gib in to her. i still have not learn to be immune to nagging and grumbling

i guess i will dropby again over this weekend and have a look... maybe i see it wrongly.. if possible, i try to see if i can tk photo of it..

There is a 11 storey ho nam building from what I can remember.

Further away is a 25-level point block at lavender area.

 

[wdblazer]

Actually if noise is the issue, I think that a lower level unit say level 7 at 131 should be quiet, won't want to be too low because of the fitness stations in front. You would also be closest to the MRT station.

Sound advice, up for those couples who want quieter units.

 

[rizal711]

It should be lah. Your selection date should be in July right? All the best

Actually in August...... fingers and toes crossed.

 

[mariachi]

Pardon me for the off topic question,

so whats the difference between MT and BL in terms of the "things" given in premium and standard?

I know for MT, there is full height window in the living room while BL has 3/4 window. other than that, we still have to pay for the flooring in the kitchen, living room and bedroom for both MT and BL right?

Im a little confused because this seems to be a new scheme as compared to last time's premium flat. Last time premium flat's price include all the flooring, while now the flooring is under OCS, which means its not included in the pricing. If we want the flooring, we have to pay the additional.

SO what exactly is the differnce between these two?!??! I see no difference since we still have to pay additional for the flooring!

MT's main door and gate supposedly more solid. Toilets also come with better fittings (master toilet has vanity top basin). These are the stuff included in the flat price.

 

[keithster]

End of day report for KW 4-room on 11th July 2012.

MT, #26-276 Chinese
MT, #33-276 Chinese
BL, #38-109 Chinese
BL, #28-109 Chinese
BL, #25-109 Chinese
BL, #39-109 Chinese

 

[perakis]

It seems that ppl have a clear preference. We need diversity

End of day report for KW 4-room on 11th July 2012.

MT, #26-276 Chinese
MT, #33-276 Chinese
BL, #38-109 Chinese
BL, #28-109 Chinese
BL, #25-109 Chinese
BL, #39-109 Chinese

 

[babychanel]

Any experienced-flat-buyer/owner can enlighten?

upon collection of keys, HDB will loan us the amount as stated on our first/second HLE, or the balance amount after wiping out our CPF's OA?
there's quite a huge difference i think hmm

 

[tanjhj]

Sound advice, up for those couples who want quieter units.

2nd that. that block should have noise block by the surrounding block. the block next to cityview dbss also should be quite quiet.

 

[Khenith]

Any experienced-flat-buyer/owner can enlighten?

upon collection of keys, HDB will loan us the amount as stated on our first/second HLE, or the balance amount after wiping out our CPF's OA?
there's quite a huge difference i think hmm

After the wipeout as advised by the officer during the signing of selection

 

[Mihozz]

Seem today no selection for KW 4rm. 3 days per week?.......

 

[Chia Chia]

Last Queue Number invited for selection of a 4-Room flat in Kallang / Whampoa under the May 2012 BTO exercise as at 12 Jul 2012 : 00060

No selection today?

 

[wdblazer]

It seems that ppl have a clear preference. We need diversity

I am more interested in knowing the selection of unit based on race. Seem like Chinese are quite the calculating one, going for the hot units(at least in my chinese opinion ).

 

[perakis]

I wonder anybody can comment on the units in BL that face North. Got good views? Given those facing South are so popular, they will probably be gone fast. Need to think about other choices

I am more interested in knowing the selection of unit based on race. Seem like Chinese are quite the calculating one, going for the hot units(at least in my chinese opinion ).

 

[keithster]

no selection for today.... sianzzzz

 

[babychanel]

After the wipeout as advised by the officer during the signing of selection

Oh alright.
so I'll take a vague example (if this eg even make sense)

1st HLE: $300,000
After wipeout CPF near collection of keys: $450,000

They will still loan us $450,000? Then the HLE is kinda useless?

 

[princessofcups]

Oh alright.
so I'll take a vague example (if this eg even make sense)

1st HLE: $300,000
After wipeout CPF near collection of keys: $450,000

They will still loan us $450,000? Then the HLE is kinda useless?

From what I know, depending on the amount you have in your CPF OA, the loan amount after collection of keys should be much lesser than the amount quoted in the first HLE.

The sums should be like this for a first timer like me:

2012
Assuming House Price: $500,000
HLE based on 90% of house price: $450,000 (in your HLE letter, they will mention that they will loan you UP TO the amount stated in the letter)
CPF OA before signing of lease: $100,000

First 5% payment using CPF: $25,000 (balance in CPF: $75,000)

2017, after taking keys

House Price after initial 5% deduction: $475,000
CPA OA in 5 year's time: can assume to have at least $175,000 combined?
Loan Amount will be: $475,000 - $175,000 = $300,000 (remember that the maximum amount HDB is willing to loan is $450k, so $300k is a lower amount compared to the earlier loan amt)

Therefore, depending on the balance in your CPF OA, the loan amount will be much lesser by the time you get keys. So within the next few years while they are building your house, you cannot be jobless as you need to continue to contribute to your CPF OA to pay off as much as possible and reduce the loan amount.

 

[jareon81]

Oh alright.
so I'll take a vague example (if this eg even make sense)

1st HLE: $300,000
After wipeout CPF near collection of keys: $450,000

They will still loan us $450,000? Then the HLE is kinda useless?

I don't understand your example. The HLE is the maximum amount the HDB will loan you and not the minimum amount.

Lets say the flat costs $500k and your HLE is $300k. This means that after paying off the 10% deposit of $50k (you need an additional of around $10k for stamp duty and misc fees when you book your flat that just disappears into thin air). You still have $450k outstanding. Lets say you have $50k total in your CPF OA amount. After wiping this all out you have $100k remaining that you must pay in cash when you collect your keys or you forfeit your deposit and the flat.