The_King Posted February 13, 2023 Share Posted February 13, 2023 CLARIFICATION Hi friends! I recently gave a parliamentary speech on Singapore's public housing. I suggested how we can better support first-time applicants who really need a home; and how to better spread demand for housing in mature vs non-mature estates. I also spoke briefly, on a proposal by NCMP Mr LMW to reduce the cost of a Tengah flat from say $350k to $140k (but have to claw back land costs plus interests, upon sale of one's flat). To clarify, I did not mean it will take only 1 to 2 years' time to fully pay for a $140k flat. I meant it will take about 1 to 2 years’ Annual Salary to pay for a HDB flat that's priced at $140k. Illustration: Assume a couple each earns around $3k per mth or $6k in total, then their: 1 year’s combined salary = $72k ($6k X 12 mths) 2 years’ combined salary = $144k ($6k X 12 mths X 2) HDB currently prices BTO flats at a “House Price to Annual Income” Ratio of 4 to 5 TIMES . For a 3-room flat, 4 TIMES annual Income. For the bigger 4-room and 5-room flat, about 5 TIMES annual income. Non-mature estates. There is further discount if a couple earns less than $3k each, through an existing HDB EHG Grant scheme. If a first-timer couple earns less than $1.5k per month, they can get the maximum $80k HDB EHG grant, providing a further discount. HDB loans are often paid over a stretch of 20 to 30 years, subject to one using only 25% or less of one’s monthly income to service the loan. Hope this clarifies. BIG THANKS to friends who cared and brought this to my attention for clarification. BTW, if you are interested to find out more about how HDB BTO prices are set, do check out www.hdb.gov.sg and MND Minister Desmond Lee's parliamentary speech on 6 Feb 2023. Have a blessed weekend! https://www.facebook.com/denisephuapage/posts/732290261596703 4 Link to comment Share on other sites More sharing options...
The_King Posted February 13, 2023 Author Share Posted February 13, 2023 the stupid 61% believe. for me is 1 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted February 13, 2023 Share Posted February 13, 2023 4 Link to comment Share on other sites More sharing options...
XianGe Posted February 13, 2023 Share Posted February 13, 2023 No nid eat no need pay income tax no need pay bus/mrt/utilities... 1 5 Link to comment Share on other sites More sharing options...
The_King Posted February 13, 2023 Author Share Posted February 13, 2023 1 hour ago, XianGe said: No nid eat no need pay income tax no need pay bus/mrt/utilities... not everyone got brain 4 1 Link to comment Share on other sites More sharing options...
ManOfTheHour Posted February 13, 2023 Share Posted February 13, 2023 Still absolute nonsense. Never consider other expenses 3 1 Link to comment Share on other sites More sharing options...
noobmaster Posted February 13, 2023 Share Posted February 13, 2023 Fucking idiot logic 2 2 Link to comment Share on other sites More sharing options...
aaur4man Posted February 13, 2023 Share Posted February 13, 2023 sometimes if you dont open your mouth ppl wont know you dumb AF. 1 5 Link to comment Share on other sites More sharing options...
classyNfabulous Posted February 13, 2023 Share Posted February 13, 2023 34 minutes ago, aaur4man said: sometimes if you dont open your mouth ppl wont know you dumb AF. reminds me of kgk : if u dont talk, i wont say u r mute 🥴 7 Link to comment Share on other sites More sharing options...
Huat Zai Posted February 13, 2023 Share Posted February 13, 2023 2 hours ago, The_King said: the stupid 61% believe. for me is for me is 3 Link to comment Share on other sites More sharing options...
XianGe Posted February 13, 2023 Share Posted February 13, 2023 (edited) 5 hours ago, The_King said: the stupid 61% believe. for me is The FB still hv die hard sarporters.. the PLP is insane... Edited February 13, 2023 by XianGe 3 Link to comment Share on other sites More sharing options...
The_King Posted February 13, 2023 Author Share Posted February 13, 2023 (edited) 2 minutes ago, XianGe said: The FB still hv die hard sarporters those are IB if not IB mean they are zombie who cannot do simple thinking. they cant question. i earn 3k and if i use all 3k to pay loan, then what about other expense . all hopeless, no basic thinking AT ALL Edited February 13, 2023 by The_King 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted February 13, 2023 Share Posted February 13, 2023 5 hours ago, XianGe said: No nid eat no need pay income tax no need pay bus/mrt/utilities... 4 hours ago, ManOfTheHour said: Still absolute nonsense. Never consider other expenses transport Please sign in or sign up for an account to view this content. utilities Please sign in or sign up for an account to view this content. food Please sign in or sign up for an account to view this content. does the above answer ur questions, kumgong pappy serfs?????????? so now, diam diam and obey, ok???????? wahahahahahahahahaha 5 Link to comment Share on other sites More sharing options...
Huat Zai Posted February 13, 2023 Share Posted February 13, 2023 (edited) 6 minutes ago, socrates469bc said: transport Please sign in or sign up for an account to view this content. utilities Please sign in or sign up for an account to view this content. food Please sign in or sign up for an account to view this content. does the above answer ur questions, kumgong pappy serfs?????????? so now, diam diam and obey, ok???????? wahahahahahahahahaha Yes, I see the answer now thank you @socrates469bc, you have shown me the way Edited February 13, 2023 by Huat Zai 1 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now