Unrelated singles who are 35 years or older can also jointly apply for an HDB flat - up to 4 such individuals can co-own a flat this way under the Joint Singles Scheme. The only other eligibility requirement is the EIP and SPR quota (used to encourage and maintain social cohesiveness). However, this is more likely to impact your flat's location, rather than act as a hurdle against your eligibility to apply for one. As a single buyer, you have 2 choices when it comes to HDB apartments - a 2-room BTO HDB flexi flat, or a resale HDB flat. The table below presents a quick summary of the pros and cons of both options. WHICH HDB FLATS SHOULD SINGLES GET? 2-Room BTO HDB Flexi Flat (99-year lease) Resale HDB Flat More affordable (approx S$75,000 to S$158,000) More expensive (approx S$250,000 to S$343,000 for a 3-room flat) Longer waiting time (average 3 to 4 years) Shorter waiting time (You can complete your purchase in as little as 6 months) Restricted to 2-room units (35 sqm … [Read more...] about What type of HDB flats can single Singaporeans buy?
Home purchase renovation loan
Home ownership is an exciting step of adulthood, and marks a major milestone in #adulting. That is, until you confront the unexpected costs that can take a shockingly large chunk out of your savings account. Here are five most common costs of home ownership that you may not expect, and the steps you can take to avoid them. 1) BUSTING THE RENOVATION BUDGET via GIPHY Whether you're buying a resale flat from the open market, or a brand new apartment, you'll want to make some customisations to your new home. And that means signing on a renovation package that costs tens of thousands of dollars. You'd think that the large upfront sum would be enough to cover everything you could think of, but busting the renovation budget unfortunately happens more often than not. There are many reasons why this could happen, ranging from careless mistakes or miscommunications on the part of your contractor, to finding out you need extra hacking due to unexpected modifications. For older flats, the need for … [Read more...] about 5 unexpected costs of owning a home (and ways to avoid them)
According to the World Health Organisation, global obesity has nearly tripled since 1975, with 1.9 billion adults considered overweight and 650 million obese in 2016. Singapore has not been immune to this worldwide weight problem. In fact, more than ⅓ of adults in Singapore qualified as overweight in the MOH's most recent National Population Health Survey. Of course, a combination of exercise and a healthy diet is key to maintaining a healthy weight. However, studies have uncovered a few surprising factors within everyday life that could have an impact on your waistline. 1. TRAFFIC SOUNDS CAN DRIVE SUBCONSCIOUS STRESS-EATING Quite a few articles have already covered how loud music in restaurants can trigger faster eating and less-healthy meal choices. What's less mentioned, however, is that the traffic noises-whether actively noticed or not-can induce excessive eating beyond fullness. In fact, a 4-year study by the Karolinska Institute in Sweden revealed that people's waistlines … [Read more...] about 3 surprising things that could be expanding your waistline
Raimon Land plans to spend 100 million baht to renovate 70 shops at Vue, a four-storey lifestyle community mall on Charoen Nakhon Road near IconSiam, to be food-inspired hotel rooms this year. (Photo supplied by Raimon Land Plc) The recent restrictive measures from the Bank of Thailand have continued to cast a shadow over Bangkok's condominium market since the beginning of this year.Condominium sales have dropped, putting pressure on developers' financial targets. Some developers have sought to diversify their risk in pure residential development projects for sale by seeking to develop alternative sources of revenue from recurring income properties. Growing concerns about excessive residential mortgage lending by commercial banks prompted the central bank to reduce loan-to-value ratios for second and subsequent home mortgages starting from April 1, 2019. CBRE believes the new measures have significantly reduced the number of speculative buyers and buy-to-rent investors of residential … [Read more...] about Condo developers eye recurring incomes