alicia_yong
New Member
ernie> Hey! Oic.. Hahaha!! How ya? Still as excited abt DS? =P I jus got my HLE letter last wk, so we're still playing the waiting game here. But i tink CC is hotter than DS leh... hehe!
Champions Court @ Woodlands - BTO
- Thread starter alicia_yong
- Start date
sept_09_bride
New Member
haha.. bingo.. sori.. ernie.. actually dun feel like quoting u out.. bt then.. u fig out tat im talking abt u..heehee.. 
so u still hvnt sign ur AOL yet?? when ur HLE expired?? me waiting for my AOL leh.. bt since urs also hvnt come.. think mine gota wait even longer..hehe.. long time nv catch up with u already.. talk to u again when i hv time lah..
juz to update.. me gona sign with Yvonne's Creative this wkend liao.. got a nice package.. let me knw if u interested too.. then i intro u.. mayb u can get good package too..
so u still hvnt sign ur AOL yet?? when ur HLE expired?? me waiting for my AOL leh.. bt since urs also hvnt come.. think mine gota wait even longer..hehe.. long time nv catch up with u already.. talk to u again when i hv time lah..
juz to update.. me gona sign with Yvonne's Creative this wkend liao.. got a nice package.. let me knw if u interested too.. then i intro u.. mayb u can get good package too..
alicia_yong
New Member
CH> So how's ur BS package? Signed liao?
ah kiam> Gd mah, like tat we can expect CC to start building soon, coz i tink alr over 80% subscribed liao rite? So soon we'll receive letter from hdb to tell us tat they will carry on the proj!
ah kiam> Gd mah, like tat we can expect CC to start building soon, coz i tink alr over 80% subscribed liao rite? So soon we'll receive letter from hdb to tell us tat they will carry on the proj!
sept_09_bride
New Member
yah.. SA left 19 units.. 3 rooms left 13 units.. CMF go ahead liao lah.. we CMF can b neighbours liao..ahha..
Ah kiam>> think u will b 1 of the 1st few to get the letter to sign AOL.. do let us knw once u receive the letter k.. then can guage when i will get mine lor..hehe.. me scare will ask me sign ard early sept.. coz after rom.. we gng for a short trip to genting.. hehe.. 12 / 9 then come bk.. hehe..
Alicia>> yah.. ive sign my BS package liao.. sign with yvonne's creative yest.. hehe.. so hapi with my package.. got a good buy.. hehe.. saw the gowns in the shop too.. all look so nice..heehee..
Ah kiam>> think u will b 1 of the 1st few to get the letter to sign AOL.. do let us knw once u receive the letter k.. then can guage when i will get mine lor..hehe.. me scare will ask me sign ard early sept.. coz after rom.. we gng for a short trip to genting.. hehe.. 12 / 9 then come bk.. hehe..
Alicia>> yah.. ive sign my BS package liao.. sign with yvonne's creative yest.. hehe.. so hapi with my package.. got a good buy.. hehe..
saw the gowns in the shop too.. all look so nice..heehee.. ryan> thanx for the idea.. but i still dun get it how it will help us save money leh.. cos if the principal sum is the same, i tot the compounding interest added per mth is still the same? but i know wat u mean that it helps to "keep" some cpf, in case either party lose their job.. but then again, i think jobs cant be "safeguarded" in a sense, the sense of security in holding down a job is nt real.. muz plan and see if job security is still there when we hit our 40s..
CH> wat does your package at Yvonne's Creation include? share share leh..
CH> wat does your package at Yvonne's Creation include? share share leh..
alicia_yong
New Member
CH> Great! So wat did they throw in for u?
ting>
Save in the sense of the following:
1. Encourages those who wanna take 30 years loan to shorten it to 10-15 years if you can afford it, after servicing the loan for 5 years.
You will save on interest paid for this. (subjected to your income and amount saved in CPF to offset the loan in an event any one lose the job.)
2. Saves money to discourage those who wanna take a short loan to go ahead and hit the short loan. In the event either party lose their job, at least there are some CPF savings to fall back on until a job is found. Thus there is no need to find cash or use existing cash savings to pay for it.
The deciding factor here is the CPF savings and job security factor.
I'm still trying to figure out how to calculate interest amount paid etc. to give a clearer picture.
i may be wrong to use a 25-30 year loan, service for 5 years then, shorten it to 10 years or 5 years after that.
Save in the sense of the following:
1. Encourages those who wanna take 30 years loan to shorten it to 10-15 years if you can afford it, after servicing the loan for 5 years.
You will save on interest paid for this. (subjected to your income and amount saved in CPF to offset the loan in an event any one lose the job.)
2. Saves money to discourage those who wanna take a short loan to go ahead and hit the short loan. In the event either party lose their job, at least there are some CPF savings to fall back on until a job is found. Thus there is no need to find cash or use existing cash savings to pay for it.
The deciding factor here is the CPF savings and job security factor.
I'm still trying to figure out how to calculate interest amount paid etc. to give a clearer picture.
i may be wrong to use a 25-30 year loan, service for 5 years then, shorten it to 10 years or 5 years after that.
sept_09_bride
New Member
my package cost $2800 and has 32 pcs.. good?? hehe.. coz i din take rom things fm them.. so change to 2 pcs and a bridesmaid dress and a bestman jacket.. and 1 WG or EG will b MTM.. if i dun 1 MTM.. then can change to 4 pcs lor.. then if i dun 1 guest book fm bridal shop.. then can change to another 2 pics.. so add up.. i will hv 38 pics for the price of $2800.. v worth lor..
bt no bridal car lor.. if wana get bridal car fm them.. i gota add in anotehr $380 lor.. if nearer my AD, cant find bridal car.. then will get fm them lor..
bt no bridal car lor.. if wana get bridal car fm them.. i gota add in anotehr $380 lor.. if nearer my AD, cant find bridal car.. then will get fm them lor..
alicia_yong
New Member
CH> U mean poses is it? Ya, not bad...
ryan> but fr wat i understand abt compounding interest, the interest will be calculated based on the principal amt owned this mth and added to become the principal amt owned next mth.. thats the killer part. thats y the shorted the period of loan, u actually save on more interest over the loan period..
can check out this website: http://www.homecrawler.com.sg/loan_calculator_HDB/open/136.html
it roughly gives you an idea of how much instalment u have to pay monthly.. i tried to vary the loan period fr 10yr to 20yr, the interest difference is abt double leh.. my plan is to go for a loan period that gives the highest monthly instalment amt that we cn afford to pay with cpf, then as n when we have cash to pump in, we will pay off in lumpsum, this will then lower the principal amt n therefore pay lesser interest over time.. thats how my parents paid off their home loan in abt 10yrs..
CH> that sounds like quite a gd deal!! will they give u back the photos in cd as well?
can check out this website: http://www.homecrawler.com.sg/loan_calculator_HDB/open/136.html
it roughly gives you an idea of how much instalment u have to pay monthly.. i tried to vary the loan period fr 10yr to 20yr, the interest difference is abt double leh.. my plan is to go for a loan period that gives the highest monthly instalment amt that we cn afford to pay with cpf, then as n when we have cash to pump in, we will pay off in lumpsum, this will then lower the principal amt n therefore pay lesser interest over time.. thats how my parents paid off their home loan in abt 10yrs..
CH> that sounds like quite a gd deal!! will they give u back the photos in cd as well?
ting>
The idea is to pay for the flat with zero or as little cash and full CPF.
No doubt it will be lesser if one shot go for shorter loan. but the risk is high.
eg. if go for 10 years loan takes up both parties or one party's monthly CPF completely, then if anyone lose their job, it will be high stress as cash is needed to pay since there are no CPF savings.
So it depends on how much the couple is getting for CPF to exercise a certain ratio for savings and another ratio for payment of the loan.
Your parents' method is the most cost savings method but i dunno whether is it possible for our loans though. if both parties have a lot of CPF monies, then I think it will be possible to do so within 10 years.
Thanks for pointing it out, i'm starting to discover more loopholes in the method proposed to me actually. I'm also trying to troubleshoot the method before embarking on it.
The idea is to pay for the flat with zero or as little cash and full CPF.
No doubt it will be lesser if one shot go for shorter loan. but the risk is high.
eg. if go for 10 years loan takes up both parties or one party's monthly CPF completely, then if anyone lose their job, it will be high stress as cash is needed to pay since there are no CPF savings.
So it depends on how much the couple is getting for CPF to exercise a certain ratio for savings and another ratio for payment of the loan.
Your parents' method is the most cost savings method but i dunno whether is it possible for our loans though. if both parties have a lot of CPF monies, then I think it will be possible to do so within 10 years.
Thanks for pointing it out, i'm starting to discover more loopholes in the method proposed to me actually. I'm also trying to troubleshoot the method before embarking on it.
ryan> ic.. i agree to a certain extent as in to use full CPF to pay for the flat.. cos anywayz the money in there cant b used at all other than buying flat.. but personally i wouldnt want to pay so much more interest, and the longer we drag to pay off the loan, the longer is the liability.. for me, i dun think we will choose a loan perriod that will max out our monthly cpf contribution la.. does my bf n i have to contribute equal amt for the monthly instalment huh?.. n i personally feel that if we pay off the loan in 10yrs time, we would most probably b in our 40s already, thats where most pple have mid-life crisis, so i would rather have 1 more thing off my load..
its okie, we still have some time to decide.. anywayz, we only have to decide on the home loan n repayment period when we get the keys rite?..
its okie, we still have some time to decide.. anywayz, we only have to decide on the home loan n repayment period when we get the keys rite?..
sept_09_bride
New Member
Alicia>> yah is poses.. i will b hving 38 poses.. me and my bf love taking pics lor.. so will go for more poses in our BS package lor..hehe..
38 poses also nt enough for us.. hehe... and additional pose only at $65 per pc lor.. reasonable..
Ting>> yes.. they will ret the photos to us.. bt only those tat we selected for our album lor.. meaning the 38 pics + those that we add lor..
also a good deal liao lor..
38 poses also nt enough for us.. hehe...
and additional pose only at $65 per pc lor.. reasonable.. Ting>> yes.. they will ret the photos to us.. bt only those tat we selected for our album lor.. meaning the 38 pics + those that we add lor..
also a good deal liao lor..
sept_09_bride
New Member
wow wow.. guess wat..the takings for CC is super good.. nw 3 rooms left 4 units.. and SA left 12.. this project is a GO GO liao.. hehe..
Cheers.. we gona c our CC build up soon.. waiting to sign the AOL.. hehe..
Cheers.. we gona c our CC build up soon.. waiting to sign the AOL.. hehe..
alicia_yong
New Member
CH> Ya, it's a gd deal for ur BS. =) Ya lor, now waiting for AOL liao!
sept_09_bride
New Member
so hapi and excited to see the units in CC being taken up 1 by 1.. any progress on CC site??
my friend says some area.. even b4 they sign their AOL.. their site already got movements liao.. hehe..
my friend says some area.. even b4 they sign their AOL.. their site already got movements liao.. hehe..
glad that the take up for CC is so good...11 SA and 4 3R left...wonder when they will start the piling works...
ting> my bf and i oso think the same as u...shortest term possible...less interest den less burden in future lo....the cpf can be use to pay for ur kids education i think...but i understand ryan's point of in case one of us end up jobless...then we no need to fork out cash...anyway way you can do it is to take out a lump sum of money for investment...
ting> my bf and i oso think the same as u...shortest term possible...less interest den less burden in future lo....the cpf can be use to pay for ur kids education i think...but i understand ryan's point of in case one of us end up jobless...then we no need to fork out cash...anyway way you can do it is to take out a lump sum of money for investment...
alicia_yong
New Member
Luckily both me & my husband has taken out a small amt from CPF for invt liao, and i dun intend to "break" the contract jus yet, will be letting the money stay in the invt part.
CH> no time to drive past the site last wk n this wk.. heehee gotta wait for updates fr ryan..
kef> ya cpf cn be used to pay for kids education too.. my plan is that for eg our combined cpf contribution monthly is $1200, then i will choose a loan period that will require monthly instalment of not exceeding $1000, so that every mth cpf will still have at least $200 accumulating, then in the event that 1 of us lose our job, then still got something to fall back on..
kef> ya cpf cn be used to pay for kids education too.. my plan is that for eg our combined cpf contribution monthly is $1200, then i will choose a loan period that will require monthly instalment of not exceeding $1000, so that every mth cpf will still have at least $200 accumulating, then in the event that 1 of us lose our job, then still got something to fall back on..
sept_09_bride
New Member
Ting>> yah.. me too plan like u.. at least still got few hundreds left to fall on if gana retrench.. hehe. .
me n my HTB also got investments outside using our cpf... this is taught by my colleagues who got their hse.. then all their cpf $$ all empty.. then they taught us to invest some out 1st b4 getting flat.. else all will b wipe out by hdb liao.. so nw after wipping out wat we hv inside.. outside still got.. still ok..
me n my HTB also got investments outside using our cpf... this is taught by my colleagues who got their hse.. then all their cpf $$ all empty.. then they taught us to invest some out 1st b4 getting flat.. else all will b wipe out by hdb liao.. so nw after wipping out wat we hv inside.. outside still got.. still ok..
was away on a roadtrip hence the late reply.
Alicia> DS damn quiet lor... everybody playing the waiting game, some alr got their appt date along with the official HLE and AHG amt, while I'm still waiting and anticipating.. sigh... it's as if HDB follow the queue number when giving us the date for the appt to sign the AOL.
CH> same here. I also took out some for investments way before applying for my flat. Thankfully for the AHG, the down payment will be taken care of before my cpf gets wiped out when the flat is ready.
Alicia> DS damn quiet lor... everybody playing the waiting game, some alr got their appt date along with the official HLE and AHG amt, while I'm still waiting and anticipating.. sigh... it's as if HDB follow the queue number when giving us the date for the appt to sign the AOL.
CH> same here. I also took out some for investments way before applying for my flat. Thankfully for the AHG, the down payment will be taken care of before my cpf gets wiped out when the flat is ready.
CH> i also invested my cpf, but lose few thousands in abt a yr.. so decided to stop it.. my bf's cpf investment still nt too bad so he cont.. but anywayz, personally im nt so afraid of retrenchment.. so i would rather let my cpf b wiped out, so no need to take so much loan n pay more interest..
alicia_yong
New Member
ernie> haha! Ic... Got official HLE meh? Wah! If ur official HLE letter is the same as wat we jus got not long ago, den tat means DS very slow leh... Wonder is it bcoz of the low take-up rate tat time. If follow q no. de, den mine shld b at the back liao. Did u apply for HLE after ur flat selection?
ting> Wah! Lost so much ah? Mine got make a bit leh...
ting> Wah! Lost so much ah? Mine got make a bit leh...
sept_09_bride
New Member
Think the HLE ernie80 mention is the letter which we all receive saying tat our HLE loan is being approved.. the AHG is the additional grant letter.. nw she's also same as us.. waiting for the AOL letter which will state when go and sign the AOL lor..
my CPF Investment also lost abit.. bt lost is due to the whole market gng dwn.. bt nw, is picking up again mah.. so think will go up again...
my CPF Investment also lost abit.. bt lost is due to the whole market gng dwn.. bt nw, is picking up again mah.. so think will go up again...
CH> same lor... my CPF investment also lost quite a lot but it was already expected due to the economic downturn. was advised my financial adviser to just leave it there. will go up again when it gets better.
afterall we've got another 2-3yrs to let our cpf profile grow. by then there shld be a healthy sum for HDB to deduct when we get our keys. main thing now is to save for the reno and wedding too
afterall we've got another 2-3yrs to let our cpf profile grow. by then there shld be a healthy sum for HDB to deduct when we get our keys. main thing now is to save for the reno and wedding too
ernie80> ya thats wat my financial advisor say too.. but well, he also showed me charts few yrs back when asking me to invest, telling me that the general trend is going up de.. then nw economic crisis start going down then tell me its cos of the market and ask me to hang on til its better.. i decided nt to heed his advice cos i feel if these financial advisors r really so gd, they wouldnt b working for others and helping other pple earn money fr investing liao.. they would definitely b working for themselves.. thats y i decided to put it back, n meanwhile increase my income so that i cn increase my cashflow..
alicia_yong
New Member
ernie> Ic... Tat's great news for u!
sept_09_bride
New Member
yah,.. me too leave it there.. wait till 2 - 3 yrs later.. will b growing againl.. anyway, we are still wrking these yrs mah.. so $$ in cpf acc still accumulating mah.. as wat ernie says.. shld be a healthy sum for HDB to deduct when we get our keys.. yah.. right nw is the wedding and reno tat's headache.. saving agressively nw..haha..
oh yah.. btw, 3 rooms left 1 unit only.. and SA left 11 units.. good news huh.. seems like after all taken.. then we will b receiving our AOL letter soon..
oh yah.. btw, 3 rooms left 1 unit only.. and SA left 11 units.. good news huh.. seems like after all taken.. then we will b receiving our AOL letter soon..
i oso lost a few thousands...my bf too...but my bf stopped his before the loses become more...for me cuz the loses v huge so i cont first...since i dun really need that money yet..just leave it first...
I not so worry about paying house loan...more about reno and wedding lo...saving alot of cash is not easy...
ting> i oso wanna increase my income sia...hahah...
I not so worry about paying house loan...more about reno and wedding lo...saving alot of cash is not easy...
ting> i oso wanna increase my income sia...hahah...
alicia_yong
New Member
ernie> Wen's ur AD? Fix a date le mah?
kef> ya, i agree.. i've done my calculations even b4 i got the queue no for CC.. an average reno nw costs abt $30k, wedding abt $30k (depending on where's the wedding dinner and how many tables).. n i havent even included inflation in this figure.. n based on our fixed income, you cn easily estimate how much u cn save, n its definitely nt possible to save $60k in 2-3yrs time, even if i dun spend my bonuses at all.. there's a chinese saying: kai yuan jie liu - meaning while u cut costs n save, shd also look at increasing income.. pple fr our era dun get enough money (nt even talking abt getting rich) fr juz saving alone.. so we should keep a lookout for opportunities to increase income n be open-minded abt it.. u nvr know wat these opportunities cn bring for u if u dun even open your heart to understand more abt it..
ting> ya lo...to get $60k in 3 yrs.. you probably need to save between 800 to 1k per person every mth...which is consider a pretty large sum given my pitiful pay...sigh...
Yea i always trying to find opportunities but one thing is u needa be a risk taker too...no risk no gain in today's world...
Yea i always trying to find opportunities but one thing is u needa be a risk taker too...no risk no gain in today's world...
alicia> no, haven't decided on it yet. i'd be most happy to delay the AD as i'm too busy with my part-time studies. that husband of mine doesn't like to stick to plan... originally wanted to hold the ROM and AD together after getting our flat, but he proposed to me this yr in Jan and we solemnized last mth. he more kan cheong than me leh!
kef> i do have a low risk opportunity.. PM me if u r keen bah.. thats how my bf n i are working towards to earn enough for reno and wedding.. dun worry, its perfectly legal and ethical.. haha..
ernie> i guess your husband scared u run away ma, so chop chop make u sign on the line 1st.. haha..
ernie> i guess your husband scared u run away ma, so chop chop make u sign on the line 1st.. haha..
u all know the place currently im staying is new block but some people really very bad they make dirty the block .... so sian not even 1yr the block look so dirty .... my hubby told me in future CC wont be like that cos alot of young couples like us all are educated hahaha ....
ah kiam> aiya think its very hard to say de.. its nt really a matter of young n educated anot.. its a matter of social responsibility.. a person cn be well-educated but no social responsibility, he/she will still be selfish n dun care abt how it will affect others.. *shrug shoulders* im only praying hard my direct neighbours r nt selfish pple who put lotsa things along the corridor and make lotsa noise at the wrong times!
alicia_yong
New Member
ernie> Gd mah, he more kan cheong dan u! keke! =D
me oso pray very very hard den all my neighbours are civilised ppl...i cleaniness freak i think...always will like clean my stuff...arrange my stuff neat neat...
Thats why impt to choose corner house for older estate...new estate most flats are like sorta corner le...less 1 neighbour on one end to 'dirty' ur corridor...
it is especially sian if your house sorta near the centralised bin..then your neighbour anyhow throw or pile their rubbish lo...
Thats why impt to choose corner house for older estate...new estate most flats are like sorta corner le...less 1 neighbour on one end to 'dirty' ur corridor...
it is especially sian if your house sorta near the centralised bin..then your neighbour anyhow throw or pile their rubbish lo...
sept_09_bride
New Member
haha.. me too hoping tat my direct neighbours will b ok too..
ting> see heng suay de ba...that time i wanted to choose unit 900 beside the bin...cuz hor 900 got private corridor and that side oni got 2 units v private...then my property agent friend advised me against it...she said its a risk...den i think think since i gonna stay there a few yrs...this kinda risk i better dun anyhow take...
i hope my direct neighbours not those everyday quarrel or v v noisy kind or everyday sing KTV one...currently my house...got one neighbour day and night sing KTV for the whole weekends lo...and somemore is kept singing the same song...v
de...else headache man...
i hope my direct neighbours not those everyday quarrel or v v noisy kind or everyday sing KTV one...currently my house...got one neighbour day and night sing KTV for the whole weekends lo...and somemore is kept singing the same song...v
kef> think most of us have experienced this too... my husband's neighbour is noisy too... grandma chitchat by shouting across fr the 5th floor to her friend across the block, granddaughter screams and shouts like nobody's business. sometimes cannot tahan, he'll scold them, and then they'll keep quiet for a while before going back to the shouting again.. *faint*. hope i won't end up with a neighbour like that too.