raincole 0 Report post Posted October 4, 2007 means there is a loop hole, if u earn more and take bank loan..u can still stay in smaller flat?y not? It is your flat under your ownership. Share this post Link to post Share on other sites
latitude 0 Report post Posted October 4, 2007 means there is a loop hole, if u earn more and take bank loan..u can still stay in smaller flat?take bank loan, also have to pay higher interest rates. HDB loan only 2.6%. bank rates floats all the time mostly above 3.5% i think?? have to consider and decide what is the best in the long run for u n yr family. buy dearer flats from open market or wait to buy HDB direct and enjoy subsidised rates. Share this post Link to post Share on other sites
ifUrY 0 Report post Posted October 5, 2007 Selling away the condo is a must must, as the price is too attractive, almost 100% profit. hehe.so will buy a 4rm and avoid loan, due to starting up family, financial commitment is quite important.thanks all for the advise and replies.My decision will besell condo - stay with PIL - 30 months later - buy hdb with min min loan - or while waiting for the 30 months, find a good offer of 4 room, take the 40k grant and buy resale with min loan. Share this post Link to post Share on other sites
