[[ Official Oct 2024 BTO ]]

[Mr BBFA]

no Telegram chatgroups for Marsiling Ridge?

you start lor I join

 

[AlanKohCD]

Even two room?

same as other prime lo

start from $550 k
but this one maybe 10% clawback hahaha.
that is how gov keep BTO price low.

2 room start from what price?

 

[8zaoyu]

Merpati Alcove doesn't have a rental block in it. If you're referring to 136A, that's community care apartments. It's different from the 2 room rental units (see Bayshore Vista). To put it crudely, community care units is for the aging population and 2 room rental units is for the financially disadvantaged.

Frankly speaking, they mixed all 2 rooms to 5 rooms together, the way people folks rich or poor buy grab deliveries, the whole block common areas look like discarded junk areas! If got "unit" choice not "block" choice, choose higher floors at higher prices.

 

[8zaoyu]

2 room start from what price?

From low price to high price lah, if same floor, the HDB valuator already count how steps to MRT/Shopping Mall / how many steps to Trash Bin Collection Centre

 

[havetheveryfun]

Frankly speaking, they mixed all 2 rooms to 5 rooms together, the way people folks rich or poor buy grab deliveries, the whole block common areas look like discarded junk areas! If got "unit" choice not "block" choice, choose higher floors at higher prices.

Poor ppl where will order grab delivery?

 

[EccentricBagels]

Frankly speaking, they mixed all 2 rooms to 5 rooms together, the way people folks rich or poor buy grab deliveries, the whole block common areas look like discarded junk areas! If got "unit" choice not "block" choice, choose higher floors at higher prices.

What do you mean "unit" choice and "block" choice?

I already selected my unit 2 years ago. Of course will choose higher floors when queue number is smaller, that goes without saying. I went straight for top floor after researching.

 

[qhong61]

What do you mean "unit" choice and "block" choice?

I already selected my unit 2 years ago. Of course will choose higher floors when queue number is smaller, that goes without saying. I went straight for top floor after researching.

Bad choice

 

[EccentricBagels]

Bad choice

To you it may be, but for me and many others, it's ideal. I had the luxury of choice, and wouldn't have picked any other unit if given a second choice. Can't wait to move in to my dream home in future

 

[8zaoyu]

Poor ppl where will order grab delivery?

You will be surprised, check the discarded boxes not just grab

 

[8zaoyu]

What do you mean "unit" choice and "block" choice?

I already selected my unit 2 years ago. Of course will choose higher floors when queue number is smaller, that goes without saying. I went straight for top floor after researching.

Say example, whole block is facing high traffic or above ground MRT, all units unpopular.
Whole block not noisy , face landed properties, gardens, sea/river views - all left low floor units
Low floors but left facing/beside rubbish bins
Destiny - chosen already, cannot wait for MOP to sell

 

[EccentricBagels]

Say example, whole block is facing high traffic or above ground MRT, all units unpopular.
Whole block not noisy , face landed properties, gardens, sea/river views - all left low floor units
Low floors but left facing/beside rubbish bins
Destiny - chosen already, cannot wait for MOP to sell

Hahaha you're not exactly correct that those will confirm wait till MOP to sell. Those are the cheapest unit, so can pay off the fastest, and incur least interest. If a couple went for owner-occupier scheme, the occupier can buy a condo and rent out their BTO.

Sell for what? Rent for 10 years can easily profit and laugh to the bank. Especially for those near to the MRT, very high rentability. Those ulu ones are going to be way more difficult to rent out, so lower profit margin.

Confirm got some will sell, but not all. Second BTO not easy to get eh. Sell ljao they'll still need to buy resale. Chances are they'll need to top up a lot.

 

[8zaoyu]

Hahaha you're not exactly correct that those will confirm wait till MOP to sell. Those are the cheapest unit, so can pay off the fastest, and incur least interest. If a couple went for owner-occupier scheme, the occupier can buy a condo and rent out their BTO.

Sell for what? Rent for 10 years can easily profit and laugh to the bank. Especially for those near to the MRT, very high rentability. Those ulu ones are going to be way more difficult to rent out, so lower profit margin.

Confirm got some will sell, but not all. Second BTO not easy to get eh. Sell ljao they'll still need to buy resale. Chances are they'll need to top up a lot.

Usually those last time owner-occupier, occupier needs the partner cash/cpf one OR the whole house rental to support the other mortgage one. Unless you do not need to house a family in one house such as a bbfa guy property agent, you can sleep airport lounges, anywhere whilst tripping abroad. Rent 10 yrs or forever, you still need to have 2nd property hopefully without ABSD or high property tax/mcst which the tenants unable to absorb and turn your property into a depreciating asset, no?

 

[EccentricBagels]

Usually those last time owner-occupier, occupier needs the partner cash/cpf one OR the whole house rental to support the other mortgage one. Unless you do not need to house a family in one house such as a bbfa guy property agent, you can sleep airport lounges, anywhere whilst tripping abroad. Rent 10 yrs or forever, you still need to have 2nd property hopefully without ABSD or high property tax/mcst which the tenants unable to absorb and turn your property into a depreciating asset, no?

Occupier can use their own CPF and cash savings to purchase a private property. Their CPF is completely untouched for BTO. Owner-occupier don't need to pay ABSD, and is legal (not the 99 to 1 thing).

So couples can literally own one BTO, one private property, no ABSD, and rent out the BTO. Since BTO is cheaper and if it's lousier, it won't cost a lot anyway. By the time MOP comes, the rental can be used to partially pay for the occupier's private property while the occupier use their CPF to pay for the BTO.

When you say property will be a depreciating asset, it depends on which one you're talking about. Private properties are rarely considered a depreciating asset.

 

[8zaoyu]

Occupier can use their own CPF and cash savings to purchase a private property. Their CPF is completely untouched for BTO. Owner-occupier don't need to pay ABSD, and is legal (not the 99 to 1 thing).

So couples can literally own one BTO, one private property, no ABSD, and rent out the BTO. Since BTO is cheaper and if it's lousier, it won't cost a lot anyway. By the time MOP comes, the rental can be used to partially pay for the occupier's private property while the occupier use their CPF to pay for the BTO.

When you say property will be a depreciating asset, it depends on which one you're talking about. Private properties are rarely considered a depreciating asset.

Married couples very difficult to be owner plus non-essential occupier in HDB ! 2nd property now is at least 20% ABSD. Many of the boomers missed the No ABSD times, but the last of pre-boomers is 65 yo this year who bought long long time ago, rather sell off now and sleep/lie flat on cash-outs to retire, no?

 

[mistyframe]

Married couples very difficult to be owner plus non-essential occupier in HDB ! 2nd property now is at least 20% ABSD. Many of the boomers missed the No ABSD times, but the last of pre-boomers is 65 yo this year who bought long long time ago, rather sell off now and sleep/lie flat on cash-outs to retire, no?

Why very difficult lei? Many of my friends are doing owner - essential occupier and the owner has no difficulty in paying off the HDB’s monthly mortgage as it’s not that high, even for resale HDB

 

[EccentricBagels]

Married couples very difficult to be owner plus non-essential occupier in HDB ! 2nd property now is at least 20% ABSD. Many of the boomers missed the No ABSD times, but the last of pre-boomers is 65 yo this year who bought long long time ago, rather sell off now and sleep/lie flat on cash-outs to retire, no?

I'm doing that now ah. What's so difficult about it? Btw we bought a 5 room BTO some more, 600k. If we want to save up more for the down payment for condo, we just need to rent out a room or two. Otherwise, after MOP rent out also pretty good.

2nd property don't need ABSD if it's under owner-occupier btw. At least those who bought can sell to retire. Those that didn't buy, probably still working today.

 

[8zaoyu]

I'm doing that now ah. What's so difficult about it? Btw we bought a 5 room BTO some more, 600k. If we want to save up more for the down payment for condo, we just need to rent out a room or two. Otherwise, after MOP rent out also pretty good.

2nd property don't need ABSD if it's under owner-occupier btw. At least those who bought can sell to retire. Those that didn't buy, probably still working today.

Any PRIVATE (non HDB/EC) only need one name for ownership, already noted.
If you save up till you buy a $2 mil condo or a $5mil landed whilst in married couple relationship ownership of HDB, I think will incur ABSD, because HDB cannot de-couple UNLESS not a COUPLE relationship aka can one pax take over as a SINGLE for this current HDB?

 

[EccentricBagels]

Any PRIVATE (non HDB/EC) only need one name for ownership, already noted.
If you save up till you buy a $2 mil condo or a $5mil landed whilst in married couple relationship ownership of HDB, I think will incur ABSD, because HDB cannot de-couple UNLESS not a COUPLE relationship aka can one pax take over as a SINGLE for this current HDB?

No, when you apply under owner-occupier for BTO, only one person is the OWNER, the other is an OCCUPIER. So when the OCCUPIER buys a private property solely in their name, they DO NOT NEED to pay ABSD, since they DO NOT OWN the BTO.

The HDB officer confirmed whatever I said at my first down payment appointment for my BTO JUST THIS YEAR. They said yes, NO ABSD for occupier. The downside is that we cannot use my (I'm the occupier) CPF for the BTO, and the grants will be halved. Household income ceiling is still $14k and takes into account BOTH incomes, but loan amount is only based on my husband's income (the owner).

Also, no it is not illegal, unlike the 99 to 1 nonsense. We literally asked the HDB officers to confirm that we won't have ABSD if I (the occupier) buys a private property in future after MOP, and we plan to hold BOTH our BTO (under husband's name) and the private property (under my name) after MOP. Reason is in case we divorce, we each have a place to stay after that, and if things work out, good for our future children then.

 

[AlanKohCD]

No, when you apply under owner-occupier for BTO, only one person is the OWNER, the other is an OCCUPIER. So when the OCCUPIER buys a private property solely in their name, they DO NOT NEED to pay ABSD, since they DO NOT OWN the BTO.

The HDB officer confirmed whatever I said at my first down payment appointment for my BTO JUST THIS YEAR. They said yes, NO ABSD for occupier. The downside is that we cannot use my (I'm the occupier) CPF for the BTO, and the grants will be halved. Household income ceiling is still $14k and takes into account BOTH incomes, but loan amount is only based on my husband's income (the owner).

Also, no it is not illegal, unlike the 99 to 1 nonsense. We literally asked the HDB officers to confirm that we won't have ABSD if I (the occupier) buys a private property in future after MOP, and we plan to hold BOTH our BTO (under husband's name) and the private property (under my name) after MOP. Reason is in case we divorce, we each have a place to stay after that, and if things work out, good for our future children then.

nowaday many young couple is doing this. because BTO price is very cheap . with one income is manageable.

 

[petromax]

nowaday many young couple is doing this. because BTO price is very cheap . with one income is manageable.

waa you say BTO price very cheap... but people keep complaining very expensive hor.. COL very expensive..