One of the milestones you go through in life is purchasing your first home. 80% of Singaporeans start this journey by buying an HDB. HDB is already highly subsidized in Singapore, and many people are eligible for further subsidies in the form of CPF Housing Grants. The problem with CPF Housing Grants, like the HDB […]
3 things from Singapore Budget 2017 which you really care about
The information of Singapore Budget 2017 can be overwhelming. But there are really only 3 things most of us will care about. #1 Easier for young couples to purchase resale flats With the skyrocketing HDB price, it has always been hard for the young couples to fork out downpayment for resale flats. If you are […]
Buying an HDB: From Cash-Over-Valuation to Cash-Under-Valuation
Most of us heard of Cash-Over-Valuation (COV), but there doesn’t seem to have a word called Cash-Under-Valuation (CUV). Isn’t it strange? Do people always have to overpay? Last year, I wrote an article “How much Cash-Over-Valuation (COV) should you pay for your HDB flat?” It was ridiculous and hilarious to me that people are asking […]
HDB Cash Over Valuation lowest since January 2011
In Jan 2012, I wrote an article “How much Cash-Over-Valuation (COV) should you pay for your HDB flat?” I explained the worrying “greater fool” situation of HDB buyers trying to outbid each other by paying a higher cash over valuation. In Apr this year, I told you HDB is going to “show hand” by just […]
CPF Housing Grant Scheme
Last Updated on 30 Jul 2013 Under the CPF Housing Grant Scheme, the Government will provide eligible buyers of resale flats with a housing subsidy. To help low-income families own their first HDB flats, the Government is also providing a new Special CPF Housing Grant (SHG) for families earning not more than $2,250 a month. […]
Subsidies for your $900,000 executive condominium?
On the same day when it was reported that “HDB resale deals at 16-year low“, National Development Minister Khaw Boon Wan hinted that there may be changes to executive condominium (EC) scheme. He said, “Because their upside in the current property market is so big, the subsidy they earn getting an EC compared to the […]