Official May 2017 BTO

[GeraldineT]

Is this bidadari plot the most expensive for 4 room flats ?
Price statts from $470

Previously it was $440 right?

Estimated and actual price varies also

 

[PorkbellyJHJ]

Hi everyone, when I was applying, HDB asked for the payslip for the month of May. However, my payslip only comes out on the 25th of each month, do I need to call my finance department to obtain the payslip first? Thanks in advance

Sent from Samsung SM-G935F using GAGT

 

[force of nature 1985]

Anyone knows~~ what would be the minimum good salary to substain the 4 room for Geylang? No need high floor Lor. Maybe 4th floor.

it depends on how much cpf you have now. the more cpf the lesser loan you need. anyway lets do a quick calculation with the following assumptions.

assumption 1: you only have enough to pay for 5% down payment in cpf now
assumption 2: you have 4 years to store power
assumption 3: you take hdb loan
assumption 4: bonus is not considered in this calculation bcs it is a variable


for geylang, an average mid lvl 4 rm flat would be around $530k (includes OCS + Stamp duty and legal fees)

so you paid a downpayment of 5% using the Staggered Downpayment Scheme. so that would be ard $500k left

so with 4 yrs i assume you would have $100k to reduce the amt to $400k


Estimated Loan Amount : $400,000
Repayment Period (In Years) : 25 (maximum)
Interest Rate of Loan : 2.60%

your monthly installment will be $1,815

so back calculate you would need ard a total of $8k house hold income to be able to pay installment using cpf only

 

[ZEEmonster]

Hi everyone, when I was applying, HDB asked for the payslip for the month of May. However, my payslip only comes out on the 25th of each month, do I need to call my finance department to obtain the payslip first? Thanks in advance

Sent from Samsung SM-G935F using GAGT

You will only need to produce the March 2017, April 2017, and May 2017 payslips once you have gotten a queue number from the balloting exercise and during your selection appointment. For the purpose of this application, you will only need to state your income details and would not need to submit any documents (be it physical or scanned documents). Feel free to take your time to prepare your payslips (as long as you get them ready before your selection appointment, which will only take place after the balloting results are released in August 2017).

Cheers.

P.S. the payslips for those months as mentioned above are for the purpose of verifying your income details for the BTO income ceiling. Do note that if you're applying for grants and/or the HLE, you would have to produce more payslips if I am not wrong.

 

[Tormented Soul]

Is this bidadari plot the most expensive for 4 room flats ?
Price statts from $470

Previously it was $440 right?

Yup, this is by far the highest. But then again, you wait a bit longer next few plots even more expensive.

Bto price always up no down.

 

[1982-1994]

Anyone knows~~ what would be the minimum good salary to substain the 4 room for Geylang? No need high floor Lor. Maybe 4th floor.

if you don't mind renting out a bedroom at $900,
and if combined cpf of 100k and income of 6k, monthly CPF deduction for HDB loan at $1100,
don't see that as a problem since the location is so good.

IMO the rental can cover your utility bill too.

this breeze BTO has so many 4rm units.
tong for 5 years MOP if having financial difficulty to pay in the later stage, like job retrenchment,etc..
can sell at 1mil by 2029 , but that also means you left only one chance for getting BTO. by then, you are in the mid 30s?

if don't want to risk, maybe settle for a 2rm or stick to your punggol 3rm?

 

[fengxzx]

Anybody knows what's the quota for the ethinic group?

 

[fifi_kai]

Yup, this is by far the highest. But then again, you wait a bit longer next few plots even more expensive.

Bto price always up no down.

It might be because this plot has all the private residential area around it . Hence prices is higher

 

[GeraldineT]

if you don't mind renting out a bedroom at $900,
and if combined cpf of 100k and income of 6k, monthly CPF deduction for HDB loan at $1100,
don't see that as a problem since the location is so good.

IMO the rental can cover your utility bill too.

this breeze BTO has so many 4rm units.
tong for 5 years MOP if having financial difficulty to pay in the later stage, like job retrenchment,etc..
can sell at 1mil by 2029 , but that also means you left only one chance for getting BTO. by then, you are in the mid 30s?

if don't want to risk, maybe settle for a 2rm or stick to your punggol 3rm?

My Punggol is 4 room.
Ya I was calculating 6k/ month should be ok right?
But our combine cpf + grant would only be 65k now but I Guess when we take keys our cpf will continue rolling and then would have 100k.
Rental needs 5 years first?

 

[GeraldineT]

it depends on how much cpf you have now. the more cpf the lesser loan you need. anyway lets do a quick calculation with the following assumptions.

assumption 1: you only have enough to pay for 5% down payment in cpf now
assumption 2: you have 4 years to store power
assumption 3: you take hdb loan
assumption 4: bonus is not considered in this calculation bcs it is a variable


for geylang, an average mid lvl 4 rm flat would be around $530k (includes OCS + Stamp duty and legal fees)

so you paid a downpayment of 5% using the Staggered Downpayment Scheme. so that would be ard $500k left

so with 4 yrs i assume you would have $100k to reduce the amt to $400k


Estimated Loan Amount : $400,000
Repayment Period (In Years) : 25 (maximum)
Interest Rate of Loan : 2.60%

your monthly installment will be $1,815

so back calculate you would need ard a total of $8k house hold income to be able to pay installment using cpf only

Wah 8k quite difficult to hit I think

 

[didiboogie]

wow.. 4 rooms dakota alr oversubacribed.. bidadari halfway there, woodllands halfway there!!

 

[windwaver]

wow.. 4 rooms dakota alr oversubacribed.. bidadari halfway there, woodllands halfway there!!

Expected.

10 chars

 

[force of nature 1985]

Wah 8k quite difficult to hit I think

note that this 8k is your total house hold income 4 years later.

that would be 4k per person. i will assume a graduate shd be able to earn 4k if they work 4 or 5 years.

 

[force of nature 1985]

My Punggol is 4 room.
Ya I was calculating 6k/ month should be ok right?
But our combine cpf + grant would only be 65k now but I Guess when we take keys our cpf will continue rolling and then would have 100k.
Rental needs 5 years first?

i still feel 6k is abit tight. dun underestimate stamp duty. if the housing price is high it can come up to ard 10k extra

First $180,000: 1%
Next $180,000: 2%
Remaining amount: 3%

that is the amt you need to add to the unit price

best is to get a hse that is within your comfortable range. better to calculate on the safer side

 

[villan]

You will only need to produce the March 2017, April 2017, and May 2017 payslips once you have gotten a queue number from the balloting exercise and during your selection appointment. For the purpose of this application, you will only need to state your income details and would not need to submit any documents (be it physical or scanned documents). Feel free to take your time to prepare your payslips (as long as you get them ready before your selection appointment, which will only take place after the balloting results are released in August 2017).

Cheers.

P.S. the payslips for those months as mentioned above are for the purpose of verifying your income details for the BTO income ceiling. Do note that if you're applying for grants and/or the HLE, you would have to produce more payslips if I am not wrong.

for the 3 mths payslip, will HDB take the average or the month with the highest income? (eg. mar - 6000, apr - 6000, may - 7000. Income will be the average of the 3 months or 7000?)

 

[Northern-Lights]

Possible to change my 4 room application to 3 room? Hehe

wow.. 4 rooms dakota alr oversubacribed.. bidadari halfway there, woodllands halfway there!!

 

[ZEEmonster]

for the 3 mths payslip, will HDB take the average or the month with the highest income? (eg. mar - 6000, apr - 6000, may - 7000. Income will be the average of the 3 months or 7000?)

The assessment of the income ceiling will be based on the average gross monthly income (average of the 3 months), and do note that any bonuses as well as OT pay will not be included but any earned allowances would.

 

[Earnasyougrow]

Asking a silly qns. Anybody try their luck at sale of balance flat despite not qualifying for the ethnic eligibility?

 

[delceer]

if you don't mind renting out a bedroom at $900,
and if combined cpf of 100k and income of 6k, monthly CPF deduction for HDB loan at $1100,
don't see that as a problem since the location is so good.

IMO the rental can cover your utility bill too.

this breeze BTO has so many 4rm units.
tong for 5 years MOP if having financial difficulty to pay in the later stage, like job retrenchment,etc..
can sell at 1mil by 2029 , but that also means you left only one chance for getting BTO. by then, you are in the mid 30s?

if don't want to risk, maybe settle for a 2rm or stick to your punggol 3rm?

The BTO can sell for 1 million ? Don't give people false hope.

 

[delceer]

Asking a silly qns. Anybody try their luck at sale of balance flat despite not qualifying for the ethnic eligibility?

You think scholars working as civil servant at HDB fail the exam last time ?