One of my friend's friend got rejected of selecting their NORMAL
4room HDB flat. Reason being her hubby got a promotion and their
combine salary hit above the 8k ceiling.
They were told to queue for an EC under the DBSS at
Buangkok.They opt for the 3 bedroom unit and was told the price is
$1,000,000.
They went ahead and took the max 30years loan. Monthly need to fork
out around $2k in cash after deducting CPF.
My eyes nearly pop out..... Whichmeans, they can't go out of job
for the next 30 years.
And they said will have a problem if they ever have children...
=_______="
Actually there are a few ways of working about it
They should have negotiated with their company on delaying the
pay increase and the company pay back some other way. It's not
something that cannot be done.
I know how dangerous it is because that time when we went to
ballot for a flat, our combined income was like $7,980 or
something like that. HDB actually sent us a warning letter.
I actually talked to my boss about a pay reduction till I get a
flat at that time.
Anyway, in the end we bought from the open market
and the following month our salaries overshot the 8k
mark.
