Yes, its true, I believe its 76% or something. Reason is they
don't want you using 100% of your monthly incoming CPF balance on
home loan.
I believe alot of ignorant singaporeans are unaware of that,
unless they have did their sums using the loan calculator from CPF
or HDB webbie.
An example, is you have to pay off your HDB loan of $1400
monthly, but the limit on your CPF stops at $900, you have to fork
out the balance via cash.
So to new home seekers, that 5 room flat might seem like an
attractive investment, but be responsible to do your sums first
before you commit. Lots of ignorant farkers just ballot without
brains, secured the option, then realise they can't pay up later,
then the people who really need the flat can't get shit because of
these ignorant farkers.
what the loan of F's u are talking about? there are alway
foreigners able to pay for it, and there are alway financial
insitutes willling to loan you besides those Singapore banks which
govt asked them be prudent with mortage and loan, and you dun even
know the conspiracies of buying properties in Singapore, you really
think that there are tons of peoples with lmoney Q'ing up for
property? Most are paid to Q up.
