Maeryn

Same sentiments here. I have to take out a bank loan at much higher interest rates and fork out 5% of the valuation price + above valuation price all in cash. *Heart Pain*

For singles, the income ceiling cap to be eligible for the HDB grant or HDB concessionary loan is a mere $3K p.m. I wonder how many singles who earn less than $3k dares to commit to a HDB resale flat.

FYI, HDB do allow Singles below 35 to buy resale flat only if you are an orphan with no other siblings for the joint application, no grants tho. That's the category I fall under. I must say I am thankful for this concession, otherwise the sole option left is get a pte apt. I just placed a deposit for a flat in Simei last night, better buy before HDB change their prevailing policy.