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Anonymous

15 Oct 2021

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<help needed> HDB or CONDO for someone in the LGBT community?

I’m in my late 20s currently who doesn’t have a great relationship w my family after coming out (i belong to the LGBT community). me and my partner have a combined income of about $6K/ month. Am thinking should I purchase a condo 3-4 years later or wait for 8-9 years to get a HDB? Advice pls!

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William Tan

22 Oct 2021

Hi, this William . I am the co-founder of Prident - a LGBTQ+ collective helping the community in area of property and fonan planning. We have an online event on 23 Oct and thought you may benefit from it. I will be speaking at this event about HDB and private housing for LGBTQ+

If u have time do sign up at https://steppingup.99.co

Alternatively you can email me too at [email protected]

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1M45

Edited 16 Oct 2021

Cheapest condo now is $600k for 1 bedroom. If you are below 35 yr old you can take max loan tenure. 75% LTV Assume u and partner no other loan, becos TDSR 60%. Monthly installment $1.5k to $1.6k, u can go 50-50 with pather. You can pay using CPF.

You can perform the same calculate with HDB. Using the link below.

Things you need to consider:

initial cash payment
how much loan you can get
are you comfortable with monthly instalment. Althought can use CPF to pay, but is still better to have a positive inflow into your CPF, so not to over leverage.

https://www.dbs.com.sg/personal/marketplace/pro...

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Tan Choong Hwee

16 Oct 2021

Investor/Trader at Home

You probably meant BTO HDB for the 8~9 year wait, another option is resale HDB. There are other opti...

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