Posted on 09 Nov 2018
I have a monthly pay of 2.8k, and have been working for a little more than a year
Y'all engaged yet? Haha.
Buying a house is no easy decision. It's a decision you both have to be 100% about.
Yes the grants are good, but if you don't go through with it, then you'll lose your deposit and have a strike against your name.
I only applied after 5 years with my partner, our incomes were still low at that time, so we got 80k in grants.
But we did it because we were sure. Not because of the cheaper house.
I am 23 years old studying and working at the same time, while my spouse is working full time. I have been together with her for 5 years, through my NS life, and all thick and thin.
We own our own flat.
Ask yourself this question, are you certain your partner is the one?
If so, it is not a bad idea to leverage on the fact that you can obtain a higher HDB grant because your partner is still studying, therefore you'll obtain a higher HDB grant.
Do note that there is an accrued interest on the HDB grant which is 2.6% yearly. There is a requirement for you to deposit that amount back into your CPF if you choose to sell your flat.
Hope you and your partner own a flat soon~
I am 23 years old as well and I recently applied for BTO. My fiance (has been working for ...
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