Advice

I’m An LGBT Person Under 35 With An Income Between $7k to $10k: Should I Rent While Waiting For HDB Or Buy A Resale EC?

  • April 8, 2023
  • 15 min read
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YJ L
YJ L
10 months ago

Hi, LTV for HDBs has decreased from 85% to 80%. Thanks!

Stacked Homes
Admin
10 months ago
Reply to  YJ L

You’re right, thanks for pointing this out. This was an oversight on our part and we’ll make the changes.

YJ L
YJ L
10 months ago

**HDB loan

Martin
Martin
10 months ago

Hi, is there a mistake on the saving duration calculation? Using $10k monthly salary, if saving of 10% how can we get to $24k at the end of year 1, and $50k at end of year 2 etc? Base on my napkin calculation with $10k monthly salary and saving of 10% will only yield around $12k savings at the end of year 1, even at 4% deposit rate quite impossible to boost it to $24k by the end of year 1. Please advise

Stacked Homes
Admin
10 months ago
Reply to  Martin

Hi, we used an $8,500 salary and also included the amount that goes into the CPF OA. The 10% savings is of the cash salary as well. We also accounted for the increasing CPF ceiling over the years.

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