Enlightment On HDB Housing Grant.(Staying near parents grant)

[ah786786]

Recently had a incident with HDB,when i applied for BTO.In the application i also applied for the stay near parents grant of $40k.

Thus i also received that grant form together with my bto house selection forms.But when i went for my appointment,the person said i am not eligible for the 40k grant as its BTO.And had to come up with quite alot of cash within the 3 months after deduction from my CPF a/c.

 

Just thinking if the goverment is promoting children buying flats near their parents,why is the grant only appliciable for resale only and not for BTO,given that even the BTO flat price is high which the goverment somehow claims its affordable.Yes its "affordable" for the next 30yrs of my life with little saving, given that the "concessionary" loan by HDB itself the overall interest amount for the 30yrs is quite high.

 

Its not like we are after a high end house,but a normal small flat near my parents due to family support in future.

 

Thus wondering why the hell HDB sent the grant form if they know that i am not eligible as my application was for BTO.

And also the loan is based on income ceiling,and asking us to top quite a high amount in cash before the loan can be given...if i had that much amount of cash they ask me to give before they gimme a loan,why would i even be there appying for the HDB loan or the 40k grant....?

 

So much so for goverment begging singaporeans to start family and have more kids.If like this how are young singaporeans suppose to start family young and not wait till 30+ when i am fiancially stable to afford a simple flat which is a basic necessity????

[ah786786]

Another thing was one 3rm HDB bto unit was sold a year back in the previous bto for 2++K?but a similar 3 rm HDB bto in the same block lower floor unit was retailing at 360+K in the following BTO sale of balance flat...is the goverment playing with the property price or are they even concerned alittle about the singapore residents?why is there a big price gap?

[karmatrix]

Hi, the family grant of $30k (40k if staying near parents) is applicable only if buying resale, there's another additional CPF housing grant for BTO flat of up to 40k depending on your combined income with your wife.

 

Understand your pain as I also went through this a year back, what to do, if want to settle down...die die also have to buy regardless of how much HDB is selling...no other option

[ah786786]

Yes,the other grant i am eligible,but the issue was they send me the parents grant form letting me fill up and planing fiance accordingly with the grants given.So they gave me a false hope and was badly dissappoint when had to reject the selection due to not obtaining the family grant which meant quite alot for my fianacial situation and the urgency of a getting a "affordable" flat near my parents and the BTO flat was available in that area.

[papabread79]

Maybe the form was sent out wrongly? If that's the case, dont use that as an excuse to be eligible for the grant.

 

I am sure you know that new BTO flats are not eligible for that grant.

[ah786786]

How can it be an error when my name and my parents name were already in the form and requesting details of my income and my parents details and i/c for verification?

You mean HDB can make this type of big error?

 

I am not using it as an excuse,you mean people buying BTO don't need such grant to live near parents or only people buying re-sale need to live near their parents?

 

If its an error took them so long to tell me,as in only on the day of appointment after waiting for few months?

 

Well for those who can afford 40K simply would not be a big deal they can talk all they want...

[Pplater]

How can it be an error when my name and my parents name were already in the form and requesting details of my income and my parents details and i/c for verification?

You mean HDB can make this type of big error?

 

I am not using it as an excuse,you mean people buying BTO don't need such grant to live near parents or only people buying re-sale need to live near their parents?

 

If its an error took them so long to tell me,as in only on the day of appointment after waiting for few months?

 

 

Well for those who can afford 40K simply would not be a big deal they can talk all they want...

 

It is possible for HDB to make an error.

 

HDB/PAP also can argue that people buying BTO don't need such grant because BTO flats are already priced below that of resale flats, and buyers of resale flats buying homes near parents usually face much higher prices, therefore there is the 10k extra for resale flats only. In reality this helps very little of course.

 

Did u ask them whether u were eligible for the extra grant? Or did they tell u on the day of appointment because u assumed that your name and i/c printed on the form means u are eligible? The eligibility criteria is all listed on HDB website.

 

I empathasize with u. The website information really quite a lot. Quite easy to overlook something even if u stare very hard at it

[wait4me]

TS were u the 60.1 ???

 

no more stay near home grant for bto liao ..

anyway HDB quite cheap ma , 1k can buy le

[bruce71]

with regards to TS,

 

from long long long time ago , these were the rules

 

1) buy new flat, now called BTO is No Grant. reason is new flats are already 'subsidized' !

 

2) for those cannot get new or cannot wait, garmen ask you buy resale.

1st time buy resale got 30k grant for family nucleus, singles get much lesser, & additional 10k for staying near parents. reason is resale more expensive, so garmen must help you mah! but please remember to check the terms & conditions, ie. you must pay resale levy in future if you buy new flat in the future as you have already taken your 'subsidy' already so you are no longer entitled to it.

 

3) this is a very well known thing , the hdb officer may have assumed you know as this policy has been around for decades, that he/ she forget to remind you.

 

4) no happy, also no use. don't buy lah! hdb already tell you the reason for the grant is that they must be fair to resale buyers who did not enjoy subsidy of new flats. btw, even resale buyers can only take grant ONCE, next time buy resale, no more such lobang.

 

now you buy bto, got 'subsidy' already ( everyone got only 1 time ), next time you buy resale no grant for you also, understand.

 

5) wait4me, don't like this leh, i am the 39.9%, i also like that. it is good what, like these singaporeans finally understand what Sink Inc. is about...$$$. looking back, we are doomed since 1997. sinkies take 16 years too late to wake up. what to do? it is done already! we must look ahead & move on.

 

no happy also no use, 80 vs 7. i am quite happy that sinkies are pissed. now they know why 44 vs 43 then can talk. 80 vs 7 is only 'noise' not conversation.

 

6) TS, actually BTO no grant is actually FAIR. although i no happy with lightning gang, but there is actually nothing wrong with the policy. the logic is correct.

 

what is wrong is the price. resale flats are overpriced now due to market conditions & new flats are also overpriced imho. subsidy? more like a 'discount' actually. actually the cost price of constructing the new flats are an open secret, HDB will never say but it is very easy to find out, if you are interested enough.

 

i am single above 35, done 2 years NS & finished 13 years ICT cycle but only until recently i am not qualified to BTO. so you think it is only unfair to you?

 

back to topic, if you find it tough without the grant, then blame the price of BTO flats, not the grants. perhaps you need to BTO something more affordable. or save more first before bto.

 

or wait for prices to come down. or hope that...nevermind.

Edited February 5, 2013 by bruce71

[ki113r]

Near parent grant only for resale flat.

[papabread79]

It is possible for HDB to make an error.

I like 3454533747x over!

[wait4me]

with regards to TS,

 

from long long long time ago , these were the rules

 

1) buy new flat, now called BTO is No Grant. reason is new flats are already 'subsidized' !

 

2) for those cannot get new or cannot wait, garmen ask you buy resale.

1st time buy resale got 30k grant for family nucleus, singles get much lesser, & additional 10k for staying near parents. reason is resale more expensive, so garmen must help you mah! but please remember to check the terms & conditions, ie. you must pay resale levy in future if you buy new flat in the future as you have already taken your 'subsidy' already so you are no longer entitled to it.

 

3) this is a very well known thing , the hdb officer may have assumed you know as this policy has been around for decades, that he/ she forget to remind you.

 

4) no happy, also no use. don't buy lah! hdb already tell you the reason for the grant is that they must be fair to resale buyers who did not enjoy subsidy of new flats. btw, even resale buyers can only take grant ONCE, next time buy resale, no more such lobang.

 

now you buy bto, got 'subsidy' already ( everyone got only 1 time ), next time you buy resale no grant for you also, understand.

 

5) wait4me, don't like this leh, i am the 39.9%, i also like that. it is good what, like these singaporeans finally understand what Sink Inc. is about...$$$. looking back, we are doomed since 1997. sinkies take 16 years too late to wake up. what to do? it is done already! we must look ahead & move on.

 

no happy also no use, 80 vs 7. i am quite happy that sinkies are pissed. now they know why 44 vs 43 then can talk. 80 vs 7 is only 'noise' not conversation.

 

6) TS, actually BTO no grant is actually FAIR. although i no happy with lightning gang, but there is actually nothing wrong with the policy. the logic is correct.

 

what is wrong is the price. resale flats are overpriced now due to market conditions & new flats are also overpriced imho. subsidy? more like a 'discount' actually. actually the cost price of constructing the new flats are an open secret, HDB will never say but it is very easy to find out, if you are interested enough.

 

i am single above 35, done 2 years NS & finished 13 years ICT cycle but only until recently i am not qualified to BTO. so you think it is only unfair to you?

 

back to topic, if you find it tough without the grant, then blame the price of BTO flats, not the grants. perhaps you need to BTO something more affordable. or save more first before bto.

 

or wait for prices to come down. or hope that...nevermind.

true true jus like me..

go see MP also no use wan for TS , they will tell u to choose something more afoordable .

[bruce71]

true true jus like me..

go see MP also no use wan for TS , they will tell u to choose something more afoordable .

 

actually, I also no blame the MP. singapore is law by law, MP also cannot bend rule. HDB is the one that set the rules.

 

Actually the rule no wrong, as HDB set the rules long long time ago where flats were cheap, life is good, singapore was a wonderful place. problem is flats ( BTO or resale also same ) are TOO EXPENSIVE.

 

eg. give you 100k flat cannot take grant or give you 1 million dollar flat but can 40k grant, which one you chose? the problem is prices are ridiculous nowadays.

 

last time my parent can buy cheaper flats using low income scheme, now still got this kind of lobang? now all is $ wan, NMNT ( No Money No Talk aka old song from sam hui ). blame marlboro? ( many young netizens do ) but marlboro is a 5 time champion leh, no play play! whose fault? marlboro only want to make his grandmaster happy what!

 

now most of the gov bodies are very different from the 70s & 80s. still got pwd boh? now under australian ownership. SP also under foreign ownership. SPC too. Public transport, telecoms, health care & many things that are formerly nationalised in the name of economics of scale ( Eg. SBS ) are privatised. even jamban water must make profit, ok? later now, many are sold to foreign ownership. why sell if they are making money? why why why?

 

i got say many times before but sinkies no understand & moderaters interfere but what we should do is not blame garmen but blame overselves for being so weak to let ourselves be bullied.

 

we should not complain about what they do to make us angry, but ask WHY they do such things even though it will make us angry.

 

what we should do is not complain that the garmen is 'out of touch with the people' ( they are not, only still in school protected brainwashed students are ), no way. they know what is going on. they know your pain. they know. trust me. they are not stupid ok.

 

is it because they are greedy, want $ only? this is what many people are complaining now. also No! imagine yourself in their shoes, you got high salary, song song lifestyle but many people are angry with your policies & you might lose your job like some collegues in 2011, what will you do? you most probably back down, tone down & lie low a bit, make the peasants happy by giving what they want ( & claim you listen, feel for the people ), do it & your high pay job is safe, easy right?

 

so what do you think is the reason that they keep squeezing you when they know you angry liao, why why why? cause they boh pian. why?

 

somethings are very easy to figure out if you think beneath the surface. it is actually obvious. of course, i cannot spell it out here clearly lah! you want to get me in trouble ah? but i am surprised that many people missed the point & kpkb about them. the truth is obvious when you clear away all the fog.

 

actually want to give hints but too dangerous to do so for public viewing, so no hints, go figure out yourselves.

Edited February 7, 2013 by bruce71

[Pplater]

Bruce I understand entirely where u are coming from. I am a politcal science grad from NUS so trust me when I say I understand ur point.

 

THe problem is, eventually someday when us 40% push out those selfish corporate pricks from Parliament, things may not be better. Because

 

1. Look at UK/US, eventually democracy also no use

2. WP may not make it after they take over. But we still must give chance lah.

3. Pap may have f it up so bad, WP also hard to fix, given globalization and domestic business pressures.

 

Still PAP has to go if they continue on their path.

 

No democracy has laster forever. PAP is already longest lasting democracy in WORLD HISTORY. LKY can blow gasket and admitted hospital again soon after another Hong Lim Park. His son will send him to the grave

[bruce71]

Bruce I understand entirely where u are coming from. I am a politcal science grad from NUS so trust me when I say I understand ur point.

 

THe problem is, eventually someday when us 40% push out those selfish corporate pricks from Parliament, things may not be better. Because

 

1. Look at UK/US, eventually democracy also no use

2. WP may not make it after they take over. But we still must give chance lah.

3. Pap may have f it up so bad, WP also hard to fix, given globalization

 

Still PAP has to go if they continue on their path.

 

No democracy has laster forever. PAP is already longest lasting democracy in WORLD HISTORY. LKY can blow gasket and admitted hospital again soon after another Hong Lim Park. His son will send him to the grave

 

EDIT: sorry as it is very late, my eyes let me down, i misread your post! self pawned! my eyes are playing tricks on me.

 

i retract my earlier statements & apologize if you were offended.

 

 

a serious case of misunderstanding or more MIS-READING. sorry!

Edited February 21, 2013 by bruce71

[bruce71]

To P Plater,

 

EDIT: sorry as it is very late, my eyes let me down, i misread your post! self pawned! my eyes are playing tricks on me.

 

i retract my earlier statements & apologize if you were offended.

 

 

a serious case of misunderstanding or more MIS-READING. sorry!

 

sincere apology! really mupy stupid eyes! just a stupid case of mis-reading as it is too late in the morning.

 

brain & eyes a bit tired. need to sleep & talk later. i am in no state to think. good night!

[Pplater]

No worries Bruce. I didn't even see what u posted wrongly. Also have the habit surf forum late at night after work only. Cheers

[5hr3k0]

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I w a dmawkkaqjsksuskkxkkxkkklA

[GuiNNeSS]

You havent hear my ranting about my singles BTO singles grant.

 

I finally got enough of those persistent letters and went over and did up another form to say I want to cancel my application for that 11 or max 13k grant.

 

Singles BTO is by ballot. I do not have consistent job history one year prior to my lucky strike of a smaller Singles BTO unit. And they were so anal about it. I gave up.

 

Its only 11 or 13k. And I never even took the 50K grant (Resale flat purchase as a couple, as our CPF was more then enough to cover our purchase) long time ago. So technically, I was never indebted to HDB. But the way the letters came in. And the demands for every single month salary in and outs. I was really cheesed off.

 

But my cheesed off, has more to do with how the rules was administered. As it turned out, where I sold off my previous HDB, they limit me to 30 months, not allowed to buy another HDB flat, even though I never took their grant!

[duo]

http://thehearttruths.com/2014/04/02/truth-exposed-the-dirty-cpf-hdb-scheme-to-trick-singaporeans/

[wait4me]

they take your money to invest

then told u cannot take out your money till u reach a certain age,

 

then they say need minimum sum after a certain age

then they charge u when u take loan and earn your interest because your HDB is so highly priced