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8 in 10 new flat buyers use only CPF..
I really cannot tahan how some ppl can tok nonsense without battling an eyelid..
The Housing Development Board (HDB) remains committed to keeping flats affordable, Minister Mah Bow Tan said.
He provided figures and examples in response to West Coast GRC MP Mdm Ho Geok Choo's question regarding how the proliferation of housing options will impact HDB in terms of policy, eligibility criteria and pricing.
The minister said that HDB's offerings across different locations, flat types, designs and prices caters to different segments of flat buyers with varying preferences and budgets within the $8,000 income ceiling, which includes almost 80 per cent of households in Singapore.
He noted that about 8 in 10 new flat buyers service their housing loans entirely using CPF monies without any cash outlay.
"This is possible due to our generous subsidy system. All new flats come with a generous market subsidy. Households earning less than $5,000 monthly can apply for Additional CPF Housing Grants (AHG) of up to $40,000. HDB also offers concessionary loans to eligible households. First-timers can also enjoy a CPF Housing Grant of up to $40,000 when they buy a resale flat, DBSS flat or EC," he said.
For those with higher income and aspirations, there are premium flats under the Design, Build and Sell Scheme (DBSS), and one-off special projects in mature estates such as the Pinnacle@Duxton. Households earning up to $10,000 per month can buy Executive Condominiums (EC).
He also asked flat buyers to play their part in exercising prudence, and buy within their means.
"Let me illustrate. A family with monthly household income of $3,000 who spends 30 per cent on housing can buy a flat of up to $250,000. This covers all the new 3-room flats in HDB's most recent BTO projects in Choa Chu Kang and Hougang in Jan 10. They also have a selection of the 4-room flats, where prices start at about $230,000. At $4,000 monthly income, a family can afford up to $333,000 without spending more than 30 per cent every month."
In 2009, HDB sold 13,500 new flats, half of which were launched in the last quarter to meet strong demand. This year, taking into account the expected demand, HDB will launch about 12,000 new BTO flats if demand is sustained. These BTO flats will also be supplemented by DBSS flats and ECs.
http://business.asiaone.com/Business...13-191545.html
The Housing Development Board (HDB) remains committed to keeping flats affordable, Minister Mah Bow Tan said.
He provided figures and examples in response to West Coast GRC MP Mdm Ho Geok Choo's question regarding how the proliferation of housing options will impact HDB in terms of policy, eligibility criteria and pricing.
The minister said that HDB's offerings across different locations, flat types, designs and prices caters to different segments of flat buyers with varying preferences and budgets within the $8,000 income ceiling, which includes almost 80 per cent of households in Singapore.
He noted that about 8 in 10 new flat buyers service their housing loans entirely using CPF monies without any cash outlay.
"This is possible due to our generous subsidy system. All new flats come with a generous market subsidy. Households earning less than $5,000 monthly can apply for Additional CPF Housing Grants (AHG) of up to $40,000. HDB also offers concessionary loans to eligible households. First-timers can also enjoy a CPF Housing Grant of up to $40,000 when they buy a resale flat, DBSS flat or EC," he said.
For those with higher income and aspirations, there are premium flats under the Design, Build and Sell Scheme (DBSS), and one-off special projects in mature estates such as the Pinnacle@Duxton. Households earning up to $10,000 per month can buy Executive Condominiums (EC).
He also asked flat buyers to play their part in exercising prudence, and buy within their means.
"Let me illustrate. A family with monthly household income of $3,000 who spends 30 per cent on housing can buy a flat of up to $250,000. This covers all the new 3-room flats in HDB's most recent BTO projects in Choa Chu Kang and Hougang in Jan 10. They also have a selection of the 4-room flats, where prices start at about $230,000. At $4,000 monthly income, a family can afford up to $333,000 without spending more than 30 per cent every month."
In 2009, HDB sold 13,500 new flats, half of which were launched in the last quarter to meet strong demand. This year, taking into account the expected demand, HDB will launch about 12,000 new BTO flats if demand is sustained. These BTO flats will also be supplemented by DBSS flats and ECs.
http://business.asiaone.com/Business...13-191545.html
gov really need to reconsider hdb policy... if not alot of first time buyer will face problem in the near future..... 
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