The Pinnacle@Duxton, Singapore

blackhawk · 5th Storey Joined: 27 Apr 2005 Posts: 99 : Items

Guys,

downpayment scheme for HDB and private property reduce to 10% only!!!!

Good news or bad news for us???

Lower downpayment for Condo ...

triplebiatch · Ground Level Joined: 06 Apr 2005 Posts: 49 : Items

sound like bad news :p

dXter · Moderator Joined: 15 Apr 2005 Posts: 3393 : Items

I paid only 10% now too Razz

the new rule will probably push prices up since more [pple] can afford to pay the lower down payment. This 1 think is especially so for landed property owners with lease less than 60 yrs old. their selling price can be higher than current. and more pple can afford to live in landed homes now since they can get to use their cpf to pay for it.

shldn't we like move this to the other topics? Come threadstarter, start in the other hdb developments.

On condo, I cannot afford condo anyway. So I would say the news would not affect me tt much Smile

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blackhawk · 5th Storey Joined: 27 Apr 2005 Posts: 99 : Items

Hi moderator,

Please help to move this thread to the appropriate topic.

By the way Dexter, the 10% you paid was it due to the fact that you are below 30 years old and eiligible for staggered payment scheme or you are civil servant? Jus curious, I am on staggered payment scheme. Paying another 10% when flat is ready.

Thanks!

dXter · Moderator Joined: 15 Apr 2005 Posts: 3393 : Items

Hello blackhawk welcome back!

It's bcos I am below 30 and applying as a first-time applicant. I am not a civil servant at all. Cool

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OJ · Posted: Wed Jul 20, 2005 9:42 am Post subject:

i'm not affected by it. i'm one who wanna downpay as much as possible and take as low a loan as possible..

i'm not gonna rue any missed opportunity to get those overpriced condos Cool

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blackhawk · 5th Storey Joined: 27 Apr 2005 Posts: 99 : Items

Jus check with HDB today. They mention that once we book a new flat from them, we are not allow to buy private properties unless we occupy the new flat 5 years and above. Is this true? Any guys here got different answer to this?

dXter · Moderator Joined: 15 Apr 2005 Posts: 3393 : Items

yes tt part is true. We need to occupy the apt for 5 yrs b4 we can sell it or buy a private property.
*though (I stressed) u can buy actually but will have to dispose of the hdb apt immediately . tt's wat happened to my dad back in the late nighties, we had to either dispose of the hdb or the private property. my dad opted for the private property becos it wasn't even built yet. Not to mention, there was a loss lah. Sad

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Iceberg · Posted: Thu Jul 21, 2005 12:51 pm Post subject:

dXter · Moderator Joined: 15 Apr 2005 Posts: 3393 : Items

I do not know of tt rule/clause. Maybe some learned ones can enlightened us.
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