home loan until the day you die.

So, A Principal & interest mortgage is the surest and safest way to pay off

a home loan !

think we need a lot a lot of $ to survive.

a lot a lot of interest go to hdb.

aiyoyo

Most self-made millionaires do not live beyond their means. That is what seperates them from non self-made millionaires. (Heck – I am not a millionaire!)

You mean the toothbrush?

Not sure about bank loan. My is HDB loan but b’cos not first nor second timer so my interest is market rate 3.86%. If interest go up, my rate goes too but if it comes down, its none of my business.

#33 don’t know how is Gilbert’s calculation but I know that my monthly instalment for a $126,600/- 25 year loan works out to $626 deduct from my CPF. Out of $626, the interest portion is $400 plus per month. Which means I pay only $200 plus for my principal amount and double of that for my interest. So for one house you purchase, if you take a loan you are actually equal to someone who buy 2 houses without loan. That’s how it works out. Illegal loan sharks? I guess I can’t deny that. What’s more, I had a misunderstanding that the housing grant was a cash deposit given to pay our house but I was wrong. It’s fund borrowed from CPF and upon selling my flat, I had to pay back CPF board the grant + accrued interest !

Get real HDB is now no longer subsidised housing. Those were my parent’s days when HDB only caused them $6900 for a 3 room (1971 price). My dad is now 84. Those days many are simple minded. They cannot afford to buy and so they rented from HDB. So even if the price is high there are not many buyers and thus not an advantage to a business minded company like HDB to sell even if they want to do so.

But then times have changed and many wants to “own” their own flat. So what better way to make the most money than jerking up the price and let us buy them by paying a high interest for it. Now HDB its just another speculative property like all private housing. Just think some are even willing to pay $850,000 to buy a 5 room HDB, an amount which you can use for buying a private condo with a swimming pool! Yes no doubt you pay monthly maintenance fee but don’t we all HDB dwellers do that? Our carpark is $95 for MCP with lift. Our 5 room conservancy is $60 which makes it $155. So condos only charge $135/- per month for maintenance and their cleaners daily keep your corridor spit and spank. What’s more if you look at the HDB title deeds, we are not “owners”, we are only “lessees”.

You ask my why don’t I lift in a condo then. I also want if I had $850,000/- like that person!

Should be : some short courses require you to still pay over a thousand.

Should be : some short courses require you to still pay over a thousand for several days course, even with subsidy.

Is it the “Best Budget” ever? I don’t think so. Because many of the fundamental requirements are not met. Moreover, it is a reactive rather than a proactive budget, unlike that of the US, China, and other countries.

You mean to say, Mr Leong, that it is the most expensive budget, is it?
Or perhaps you are trying to praise/please them?

regards
Me, Mui Mui lah

the budget is always best for MNCs and the govt, what?

people will still get sacked (read the ministers’ lips: “minimize” job losses; but what is minimal job losses?) and then what will they get? lots of red tape to go through before they can get assistance.

@42! “T”did you peeps know
the husband
who implement GST@7%
did try to discuss in parliament
to waive GST on semiconductors plants in singapore
just to fight the koreans?
and how many semicon industry is owned by singaporean in singapore?”

Thanks for info! What’s the name of the guy who tried to talk “off” this gst? GST was so hype (too HYPE!) that it took months of talk before it was implemented. Almost everyone knew back then that there wasn’t much use of talking, the GST was already decided whether or not Singaporeans like it.

‘It’s good to have a cause but the cause that is irrelevant to the country is as good as a blog that writes things no one wants to read!’

@41 FULLY AGREE! Especially also not when you have not paid up all mortgage loans! >,<

@38) Tan Soon Whatt: What happened to the monies from all the previous surpluses before this crisis?

Used up??

did you peeps know
the husband
who implement GST@7%
did try to discuss in parliament
to waive GST on semiconductors plants in singapore
just to fight the koreans?
and how many semicon industry is owned by singaporean in singapore?

1st – You rent HDB for 99 years
2nd – You rent private car from Government for 10 years, with rental agreement(COE)

Is this the last resort?
Can this resort be the 1st and the last?
Why not wait for Job Credits?
It is helpful and effective right?

But if they take the credits and then still………..

oh oh!

Yes that was me…

Again I am unsure about the calculation part. I only knew I paid around $2500 monthly for my mortages and around $1200 was given for interest payment. How they calculated it i am unsure.

Hi Gilbert,

Are you the same Gilbert Goh KW whose article “Don’t be a slave to housing loan” appeared in the Sunday Times on 22 Oct 2006?