SBF - May 2019

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blurkinz

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Xenophobia07 said:
Everyone may have different opinions for sure, but my personal take on this is that if can afford, don’t take the grant, since if you’re going to upgrade, means you need to return the grant with interest when you’re selling your flat. But if not intending to sell and live forever there, I would take the grant.
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If u r eligible for the grant, take it since they will put the money in your CPF account in order for u to purchase ur house.

As for the myth of returning the CPF... there is no such thing because grant = $ put in ur CPF, presume u sell the house, u just need to put the money (the grant amount) back into ur CPF (+interest) and the $ still belongs to u.
 
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ray0923

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blurkinz said:
If u r eligible for the grant, take it since they will put the money in your CPF account in order for u to purchase ur house.

As for the myth of returning the CPF... there is no such thing because grant = $ put in ur CPF, presume u sell the house, u just need to put the money (the grant amount) back into ur CPF (+interest) and the $ still belongs to u.
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but some of the resale HDB are lose$. so give back cpf + interest by own pocket.
 
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Mysticwind

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Caibao said:
Great! We have the HLE letter ready. Thanks for the clarification.

Side track abit: Wise to get the grant (4 room non-mature estate), say my spouse and I have the intention to upgrade in the future?
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Just take the grant if you qualify for it. It is free money who doesn’t want? I know it is return back to CPF, but CPF is your money and you can use it for retirement and housing purpose in future. There’s a reason why not everyone qualifies for grant :) (if not all take le such good help given)

Put it in another perspective, if you are worried about returning the money + interest back to CPF when you sell, then don’t use CPF to pay for your house? But that’s usually not possible, because who has so much cash on hand right. The grant is basically free money/cash but in your CPF to pay for housing, if you use CPF money, same CPF rules apply and everyone has to return
 
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Xenophobia07

Xenophobia07

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blurkinz said:
If u r eligible for the grant, take it since they will put the money in your CPF account in order for u to purchase ur house.

As for the myth of returning the CPF... there is no such thing because grant = $ put in ur CPF, presume u sell the house, u just need to put the money (the grant amount) back into ur CPF (+interest) and the $ still belongs to u.
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Oh no no. I agree the money goes back into CPF. It’s your own money. The grant is just the government freeing up your own money in advance. At the end of the day, it’s yours.

I just rather not put back that interest from my own pocket. But I will be honest and say I also never calculate the difference in terms of putting the money back eventually with the grant vs paying the interest since you’ll technically be paying a higher base amount from the start. So my opinion is honestly skewed. Lol.
 
Xenophobia07

Xenophobia07

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No no. I’m actually under the 4 Room Geylang. That haven’t started yet. Just refreshing daily to see when the appointments start. Hahahahaha.
 
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maodinipie

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Xenophobia07 said:
I just realised. If you posted this at 10+ am. Means when clicking Registration number under MyHDB, it will already show how many will be called for the day ahead?
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Yes u can even check it past 12mn and it will reflect the new day last called queue number. So at the end of the day, base on the flats selected, u can roughly calculated the drop out rate
 
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