$300,000, $600,000, $1,000,000, $4,000,000
New 4 Rm HDB Flat, Good location 5 Rm HDB Flat, Fairly good location 2+1 Condominium and Landed Property along Bukit Timah respectively. Oh and did i mention $20,000,000 for a Good Class Bungalow along Binjai Rise.
(This is Cost #4 in the The Cost of your Life! series)
For those of you that own a house, and especially those that have gotten a mortgage loan in the past 2 years, this recession may just bring you some good news Oh, this applies if you’re thinking of buying a new house, too.
(This is Tip #5 in the Surviving The Recession Financially series)
Chapter 2: The Search
Earlier in Chapter 1, we’ve discussed the criteria for owning a HDB flat, how much money you should spend on your flat, the types of flats and how location and timing plays a part in the whole process. In this chapter, let’s examine how to find your dream home.
Chapter 1: The Consideration Phase
Housing Development Board (HDB) was created with the intention of making housing affordable for Singaporeans and Permanent Residents. As such, there are many rules and restrictions which you have to qualify before you can purchase a HDB flat.
Do you want 10% returns on your investments? More? You bet! 10% who don’t want, right? Considering that the banks are giving a miserable 0.0000000000035%.
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We'll not exist without them.
