I guess we were greatly motivated to look for a place of lodging (or rather forced to) as a result of our pay increments in April, which unexpectedly and suddenly made us ineligible for a lot of things, namely the BTOs, the HDB loan and the HDB grants. Our first appeal was flatly rejected, despite the upcoming elections. Perhaps the absence of a MP letter had something to do with it. Our second appeal was still in the considerations, awaiting the results. Guess the office staffs are waiting for the official news for the income ceiling to be raised so that they do not need to process the documents as part of their KPIs.
At the same time, we also went to check out how the bank loans worked, in case our appeal fail. We did learn a lot, only to realise that we can only officially apply for a loan when we found a flat. So much for spending time on that. Maybe if there were a Dummies' Guide to Buying a Flat in Singapore, that will definitely be a best seller. And one can always have the 2nd and 3rd editions easily with every new changes to the housing policies.
Well, to date, we had viewed 35 flats in Tampines and Simei, and it was really demoralising to go by each week without securing a place. The early days had us too inexperienced, naive and picky, and with some regrets, we did not really go all out to seal the deal. The later days had us frustrated at the absurdness of the COVs and us wondering at the greediness of the sellers and the wealth of the buyers. There are actually some owners asking for 100k COV. Well, this probably has something to do with the DBSS launched recently with its exorbitant prices. Most likely, we had missed the optimum period to buy a 5-room flat at a lower cost and I doubt prices will ever drop. For now, we just have to hope that the prices for upcoming resales are still within our reach.
Wish us luck.
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