% of gross salary into housing payments

[wt_know]

Re: % of gross salary into housing payments

freehold is not freehold forever ever
if govt want to take back the land ... build expressway ... lan lan also must move
hopefully the compensation is SWEET

take 50 year loan from uob, landed property super save better than condo.no more land for landed housing estate.government increasing population to 8 million.confirm landed wont drop, cant say for hdb and condo.2nd property loan at 60% purchase price,banks dont care how much you earn also.if 3rd property better buy in USA.

 

[wt_know]

Re: % of gross salary into housing payments

$14K income?

household expenses?
monthly income tax?
children?
maid?
pocket money for old parent?
insurance?
yearly travel?

bmw >>> oil leak and gearbox repair? lolz ...

should be able to get a 1.2 million loan and per month installment only about $4.2k at today int rate.. so why a problem with $14k income?
go for it.. 1.6 mill landed if u like it it's a steal.
but be aware of the pain living in landed.. parking, parking and parking issues in the estate.

 

[animian]

Re: % of gross salary into housing payments

should be able to get a 1.2 million loan and per month installment only about $4.2k at today int rate.. so why a problem with $14k income?
go for it.. 1.6 mill landed if u like it it's a steal.
but be aware of the pain living in landed.. parking, parking and parking issues in the estate.

the fact that this is asked in BMW forum meaning owning a bmw and if that car loan is not fully paid .. + the car instalment + maintaince cost + housing 4.2K ...easily more than half gone ...the remaining though still better than the medium income of average household here but still look abit tight to me

what about pampering restaurant food treats ... what about pampering holiday (not budget) .... etc ... the bill can all adds up

like what Wt know said... all the misc expenses ... then the LANDED PROPERTY TAX ..scary thoughts

 

[wt_know]

Re: % of gross salary into housing payments

what about down $1M and take $600k loan
still tight? hehe

the fact that this is asked in BMW forum meaning owning a bmw and if that car loan is not fully paid .. + the car instalment + maintaince cost + housing 4.2K ...easily more than half gone ...the remaining though still better than the medium income of average household here but still look abit tight to me

what about pampering restaurant food treats ... what about pampering holiday (not budget) .... etc ... the bill can all adds up

 

[animian]

Re: % of gross salary into housing payments

what about down $1M and take $600k loan
still tight? hehe

where to find 600K FREEHOLD landed property i also want !!!

to me still tight cos i still want my holiday and restaurant food :shhhh:

IMHO if need to sell HDB to get landed = tight cos no reserve for back up... i rather stay put in HDB and keep the 600K and enjoy life

 

[wt_know]

Re: % of gross salary into housing payments

aiya ... i say down $1M leh ... balance $600k loan

where to find 600K FREEHOLD landed property i also want !!!

to me still tight cos i still want my holiday and restaurant food :shhhh:

IMHO if need to sell HDB to get landed = tight cos no reserve for back up... i rather stay put in HDB and keep the 600K and enjoy life

 

[animian]

Re: % of gross salary into housing payments

aiya ... i say down $1M leh ... balance $600k loan

oops got stamp on eye... if you can afford to down $1m ..balance $600K loan is chicken feet liao how many pple you know can actually down $1m hmm....

you must understand i am seeing from a peasant point of view aka me

 

[zag]

Re: % of gross salary into housing payments

if TS is high flyer... income doesn't stay 14k for long...
there are year end bonus etc. etc.. to boot
may be TS is DINKIES
live within your means but look ahead... ambition doesn't hurt.. kiasi hurts

cheers

 

[Darth Vader]

Re: % of gross salary into housing payments

freehold is not freehold forever ever
if govt want to take back the land ... build expressway ... lan lan also must move
hopefully the compensation is SWEET

no more lands to build expressway also leh.....unless your landed housing estate consist of only 10 units than government may take back,if more than 100 units government will make a detour around the estate cause it is far cheaper.i never heard whole landed estate taken over by government before,unless government build another estate to compensate in pulau ubin.

 

[wt_know]

Re: % of gross salary into housing payments

spore own version north-south-expressway loh

AsiaOne
Thursday, Nov 17, 2011 Owners whose properties are being partially acquired to make way for the new North-South Expressway (NSE) can start filing their compensation claims from next month onwards.
Many of these owners are now getting their properties valued before meeting with the Singapore Land Authority (SLA) next month.
According to industry experts interviewed by The Straits Times, a plot's value is based on its future use - for example, as part of an expressway - and not on its current use.
The 21.5km NSE will link towns in the north to the city. Works are expected to start from 2013, with major roadworks expected to begin in phases from 2015.
The expressway is expected to be completed by 2020.
Two other full lots, Rochor Centre and a clan building, and 21 partial lots which include schools, condominiums and commercial property, will also be acquired by the Government.
Among these partial plots, St Joseph's Institution International will lose part of its football field, while other properties will give up areas such as carpark spaces, parts of their driveways and grass verges.
Novena Garden will lose up to 20 of its surface carpark spaces, depending on the acquisition footprint of 466.1 sq m.

no more lands to build expressway also leh.....unless your landed housing estate consist of only 10 units than government may take back,if more than 100 units government will make a detour around the estate cause it is far cheaper.i never heard whole landed estate taken over by government before,unless government build another estate to compensate in pulau ubin.

 

[Red_Bean_Bun]

Re: % of gross salary into housing payments

should be able to get a 1.2 million loan and per month installment only about $4.2k at today int rate.. so why a problem with $14k income?
go for it.. 1.6 mill landed if u like it it's a steal.
but be aware of the pain living in landed.. parking, parking and parking issues in the estate.

Landed now only 1.6m ?

 

[Red_Bean_Bun]

Re: % of gross salary into housing payments

spore own version north-south-expressway loh

Valuation for expressway use should be lower than residential use. Else the government would just make an outright market purchase.

After that those families in condos who can't afford another condo will wait 2 years to go get a hdb ? Or will there be an exception for them ?

 

[toiletsiao]

Re: % of gross salary into housing payments

should be able to get a 1.2 million loan and per month installment only about $4.2k at today int rate.. so why a problem with $14k income?
go for it.. 1.6 mill landed if u like it it's a steal.
but be aware of the pain living in landed.. parking, parking and parking issues in the estate.

damn right......especially if someone in the neighbour hosting some party or watever...the road will be flooded with cars...

 

[Darth Vader]

Re: % of gross salary into housing payments

2500 sqft freehold semi-d going for 2.5 million in my estate, but super ulu and quiet.at night the whole estate are guarded by commonwealth soldiers,but they are none living and so confirm my area dont have jap ghosts.

 

[Red_Bean_Bun]

Re: % of gross salary into housing payments

Having a combined gross income of $13,800 and was thinking of selling my flat at $580,000 (current market price). Initial price of flat is $235,000 and i only have $100,000 left to pay off. Will just like to use the sale proceeds of the flat to pay for the landed (est. $1.6 million - freehold)

14k salary. Can afford almost anything .....

 

[animian]

Re: % of gross salary into housing payments

14k salary. Can afford almost anything .....

14K alot meh

 

[Pilipala]

Re: % of gross salary into housing payments

$1.6M freehold - old property?

Yup. Looking at old property as new property prices are out of my reach....

 

[Pilipala]

Re: % of gross salary into housing payments

if TS is high flyer... income doesn't stay 14k for long...
there are year end bonus etc. etc.. to boot
may be TS is DINKIES
live within your means but look ahead... ambition doesn't hurt.. kiasi hurts

cheers

Not high flyer... Sold my company, work for a listed company now... Dun foresee i will get retrenched but do not know my career advancement with the current group.
Had another small company, generating small amount of incomes monthly.
Had some shares with the current holdings group. Looking to dump everything and buy blue chips which generate high dividends annually....

 

[animian]

Re: % of gross salary into housing payments

Not high flyer... Sold my company, work for a listed company now... Dun foresee i will get retrenched but do not know my career advancement with the current group.
Had another small company, generating small amount of incomes monthly.
Had some shares with the current holdings group. Looking to dump everything and buy blue chips which generate high dividends annually....

= high flyer liao lor

 

[wobbles]

Re: % of gross salary into housing payments

Not high flyer... Sold my company, work for a listed company now... Dun foresee i will get retrenched but do not know my career advancement with the current group.
Had another small company, generating small amount of incomes monthly.
Had some shares with the current holdings group. Looking to dump everything and buy blue chips which generate high dividends annually....

Humble.

Not humblebrag.

Well done