Hello, Thank you for all the insightful articles. We are in a dilemma with some property decision and hope you can advise us. We live in a four-room resale HDB which we bought for $388,000. Husband is 51 years old and I am 52. Only my husband is working with $10,000 gross a month, while I'm a sole proprietor selling...
Similarly, these projects are picked out purely based on the fact that they fit a family of three and fall within your affordability so it is advisable to consult an agent for further analysis.Being in the early 50s isn't considered old, but in the context of buying a property and taking on a loan, it's definitely something to really mull over.
As such, making any steps to upgrade is a risky move, in our opinion, and should really only be considered if you have a large amount of liquid cash you can rely on or if you are very certain of the stability of your job till 65 when the loan is paid off.Since legacy planning is something that you're taking into consideration, an HDB may not be the best type of property to leave behind as your son will have to meet certain eligibility requirements in order to inherit the house.
Purchasing a second BTO with one party as the essential occupier and going on to buy a second property after the HDB obtains its MOP will not be feasible unless both parties are individually eligible for a mortgage loan.Even so, it will take at least eight to 10 years before the essential occupier can purchase the second property, and the loan tenure will be very much shortened, reducing the loan amount.
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Noise complaints received by HDB in 2022 more than five times the number in 2019One of the top noise concerns is inter-floor noise which includes sounds of dragging furniture and slamming of doors. Read more at straitstimes.com.
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February BTO launch has lowest number of first-timer applicants since 2020; application rates stabilising: HDBThis is an early indication that application rates have reduced and are stabilising, said the Housing Board. Read more at straitstimes.com.
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HDB to reimburse about S$5.1 million to nearly 900 Punggol BTO flat buyers after completion delaySINGAPORE — The Housing and Development Board (HDB) will reimburse an estimated S$5.1 million to nearly 900 buyers of a Punggol Build-to-Order (BTO) project after its completion was pushed back by more than a year, HDB said on Saturday (March 4).
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Latest BTO exercise has lowest number of applicants particularly first-timers since 2020, application rates 'stabilising': HDBSINGAPORE — The February 2023 Build-To-Order (BTO) sales exercise has received the lowest overall number of flat applicants, particularly first-timers, in three years, the Housing and Development Board said in a statement on Monday (March 6).
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