ya, i think loan period and loan amt will only be confirmed during keys collection, thats y we need to apply for HLE again ma.. this time apply for HLE is for ensuring we can afford it then they will sell to us.. so if by the time our hse is ready, bank loan gives better interest rates we still can choose to get bank loan instead..
Champions Court @ Woodlands - BTO
- Thread starter alicia_yong
- Start date
dreamseeker
New Member
Hey Ryan> I tot the blueprint is already given by the office during the selection right? the one with measurement one right?
sept_09_bride
New Member
so ah kiam.. is there anything we nid to fill in for the form tat is send to us??
me really still hvnt hv time to read them yet.. hehe..
me really still hvnt hv time to read them yet.. hehe..
sept_09_bride
New Member
So we hv to bring marriage cert huh.. i duno we hv to bring tat.. ok ok.. 1st time showing our marriage cert to ppl woh.. 'fresh fm the oven' 1 lor..hehe.. on 1st Oct.. our marriage cert is less than 1 mth old woh..haha..
me v kiasu.. already laminate it liao..haha.
me v kiasu.. already laminate it liao..haha.
dreamy> that blueprint not detailed enough lei. I think there should be another showing pipelines, wirings etc.
Not to sure though.
Ling> joint-tenancy is hassle-free in summary as it pass directly to the other tenant in the event that one passed on. it follows certain Act in the law if in the event both tenants also passed away at the same time. (accident or something like that) An official will not come into play for this option.
Tenancy-In-Common, you need to write a will and state who to pass it to. A lawyer help will be needed here. I will be drafting my will once the keys are available.
I chose Tenancy-In-Common.
Not to sure though.
Ling> joint-tenancy is hassle-free in summary as it pass directly to the other tenant in the event that one passed on. it follows certain Act in the law if in the event both tenants also passed away at the same time. (accident or something like that) An official will not come into play for this option.
Tenancy-In-Common, you need to write a will and state who to pass it to. A lawyer help will be needed here. I will be drafting my will once the keys are available.
I chose Tenancy-In-Common.
sept_09_bride
New Member
think usually is joint tenancy.. think my parents hm also joint tenancy.. at least 1 party nt here liao.. dun hv to pay for the hse liao then ownership will b the other partner lor..
dreamseeker
New Member
so as at today we got 2 confirm champions neighbour liao right? Ah Kiam + Ling
dreamseeker
New Member
no mah sign LOA then officially own the unit mah
alicia_yong
New Member
dreamy> And also ryan too!
sept_09_bride
New Member
yah yah.. once sign AOL already cmf lor..as of today.. i gota wait 2 mre wks then only my turn to sign..hehe..
gona read the mail tats sent to us once mre.. more carefully again..haha..
scare forget to bring things..haha..
gona read the mail tats sent to us once mre.. more carefully again..haha..
scare forget to bring things..haha..
CH> bring IC and the bankbook plus your marriage cert can liao.
Yar lor, got keys then confirm... later anything happen and project never finish, also cannot be neighbours liao.
btw just to share, i did some loan calculations for you all to take as reference.
You can use the following site for the calculations:
http://www.h88.com.sg/tools_calc_loan.php
Here's the thing i did:
i take my loan amt and use it with a 10 years repayment period with the current interest rate.
note down the interest paid and then i do the more tedious process as follows:
1. take the same amount and interest rate, put 30 years period.
2. Copy out the 1st year payment, paste it in excel. (when copying, try to copy from "Your loan amortized by year and month..." to "End of Year 1". This will allow you to paste properly in Excel)
3. take note of the monthly repayment amount, have in mind a range that you are comfortable to fork out every month. (this will help in the later steps)
4. Calculate the amt of CPF left in ordinary account by the end of the first year loan. (Take your monthly CPF contribution to ordinary account, multiply by 12 and then minus the last line of the Total Payment Made for Year 1)
5. Take the amount of the Outstanding Principal from the last column, minus off your results in step 4. This is what HDB calls Partial Loan Redemption.
6. Take the result from step 5, put it in the loan calculator again, play around with the repayment period to get in a range where you are comfortable to commit in paying the monthly repayment. then Repeat step 1-5 again, repeat step 6 until the loan is fully paid up.
Taking these 2 approach, if you just take a short loan period, maxing out the amount of CPF contributions you make monthly, you will not have a buffer in the event that either one party or both parties loses your job.
By using the alternative method, although you will end up paying around $1k to $3k more interest, you have the buffer and probably be able to be debt-free as early as possible.
You will also notice that you are kind of paying lower amount of interest in the beginning when you study your payments. Thus in the event if you suddenly struck gold and clear off the payment 1 shot, you will pay even lesser interest as compared to taking a short loan repayment period.
Just something for everyone to think about.
The drawback of doing the long repayment period is that partial loan redemption is subjected to approval by the Branch Office.
Yar lor, got keys then confirm... later anything happen and project never finish, also cannot be neighbours liao.
btw just to share, i did some loan calculations for you all to take as reference.
You can use the following site for the calculations:
http://www.h88.com.sg/tools_calc_loan.php
Here's the thing i did:
i take my loan amt and use it with a 10 years repayment period with the current interest rate.
note down the interest paid and then i do the more tedious process as follows:
1. take the same amount and interest rate, put 30 years period.
2. Copy out the 1st year payment, paste it in excel. (when copying, try to copy from "Your loan amortized by year and month..." to "End of Year 1". This will allow you to paste properly in Excel)
3. take note of the monthly repayment amount, have in mind a range that you are comfortable to fork out every month. (this will help in the later steps)
4. Calculate the amt of CPF left in ordinary account by the end of the first year loan. (Take your monthly CPF contribution to ordinary account, multiply by 12 and then minus the last line of the Total Payment Made for Year 1)
5. Take the amount of the Outstanding Principal from the last column, minus off your results in step 4. This is what HDB calls Partial Loan Redemption.
6. Take the result from step 5, put it in the loan calculator again, play around with the repayment period to get in a range where you are comfortable to commit in paying the monthly repayment. then Repeat step 1-5 again, repeat step 6 until the loan is fully paid up.
Taking these 2 approach, if you just take a short loan period, maxing out the amount of CPF contributions you make monthly, you will not have a buffer in the event that either one party or both parties loses your job.
By using the alternative method, although you will end up paying around $1k to $3k more interest, you have the buffer and probably be able to be debt-free as early as possible.
You will also notice that you are kind of paying lower amount of interest in the beginning when you study your payments. Thus in the event if you suddenly struck gold and clear off the payment 1 shot, you will pay even lesser interest as compared to taking a short loan repayment period.
Just something for everyone to think about.
The drawback of doing the long repayment period is that partial loan redemption is subjected to approval by the Branch Office.
sept_09_bride
New Member
wow.. juz wondering if ryan is wrking in a bank.. he really counts alot leh.. hehe..
ok.. point noted.. tonite gona read thru the letter and c got wat to fill in, then fill in 1st..hehe..
duno y, seems like after my rom, alot of excitement like abit nt so excited liao..haha..
mayb too busy with the prep of my rom, nw abit relax liao..haha..,
this signing of AOL like nt so excited as compare to choosing unit leh..haha.
bt once we c something happening on CC Site.. then excitement comes bk again..haha..
ok.. point noted.. tonite gona read thru the letter and c got wat to fill in, then fill in 1st..hehe..
duno y, seems like after my rom, alot of excitement like abit nt so excited liao..haha..
mayb too busy with the prep of my rom, nw abit relax liao..haha..,
this signing of AOL like nt so excited as compare to choosing unit leh..haha.
bt once we c something happening on CC Site.. then excitement comes bk again..haha..
yeh!!! finally i see the date to go sign AOL on HDB website!! supposed to go 8th oct 4.30pm.. but hor, might have problem with that timing.. anyone knows how to change the timing?..
ryan> wa, i see your super long calculation n i got lost in it man.. r u engineer or accountant?.. haha..
ryan> wa, i see your super long calculation n i got lost in it man.. r u engineer or accountant?.. haha..
i am not engineer or accountant or banker though. 
just good stuff to share with everyone lor. I also learn it from a friend where they have this punggol forum for soon-to-be punggol residents. There got lots of experts sia.
I just took some time and do some financial planning because i wanna be a Daddy asap mah.
just good stuff to share with everyone lor. I also learn it from a friend where they have this punggol forum for soon-to-be punggol residents. There got lots of experts sia.
I just took some time and do some financial planning because i wanna be a Daddy asap mah.
alicia_yong
New Member
Kef> Me too, haven got mine. Also haven got the AHG yet, much less the AOL. =( So sianz of waiting liao!
Ryan> wahahahaha! Family planning liao ah! So in ur calculations, does it mean tat it's beta to drag the loan period to max 30 yrs?
Ryan> wahahahaha! Family planning liao ah! So in ur calculations, does it mean tat it's beta to drag the loan period to max 30 yrs?
sept_09_bride
New Member
yah.. got AHG is worth waiting for.. unlike me.. cant get it.. sian lor.. watever cheaper things also cannot get.. sop sop..
wow.. surprise guys wana b daddy so fast leh.. some guys scare extra financial burden leh..haha..
so ryan.. any plans to rom??
wow.. surprise guys wana b daddy so fast leh.. some guys scare extra financial burden leh..haha..
so ryan.. any plans to rom??
CH> Propose first then plan bah. I am still thinking of doing the ROM together with AD. save money, time and effort.
Kef> yeap. Some property people do advise have at least min 1 year buffer. If say drag for 15 years, repay around $500-$600 a month, just skip 1-2 years of partial loan redemption, easily you will have up to 2 years worth of buffer in your CPF. Just that the interest will be a tad higher.
I feel it is worth it though. At least the home loan is not part of your worry if any mishaps were to happen.
Alicia> yes, stretch max to 30 years. when you do a partial loan redemption, have a monthly payment range in mind. This will help to shorten the number of years needed to repay your home loan.
Please note that i did it based on HDB loans. Bank loans might be a bit more complex and although they offer lower interest rates for either first year or first few years, you will need to pay administrative fees or something like that when you do a "reloan" to other banks in order to continue enjoying low interest rates.
the admin fees can be very high, usually calculated as some percent of your outstanding principal sum, like 0.5% or something like that if i am not wrong.
Kef> yeap. Some property people do advise have at least min 1 year buffer. If say drag for 15 years, repay around $500-$600 a month, just skip 1-2 years of partial loan redemption, easily you will have up to 2 years worth of buffer in your CPF. Just that the interest will be a tad higher.
I feel it is worth it though. At least the home loan is not part of your worry if any mishaps were to happen.
Alicia> yes, stretch max to 30 years. when you do a partial loan redemption, have a monthly payment range in mind. This will help to shorten the number of years needed to repay your home loan.
Please note that i did it based on HDB loans. Bank loans might be a bit more complex and although they offer lower interest rates for either first year or first few years, you will need to pay administrative fees or something like that when you do a "reloan" to other banks in order to continue enjoying low interest rates.
the admin fees can be very high, usually calculated as some percent of your outstanding principal sum, like 0.5% or something like that if i am not wrong.
alicia_yong
New Member
Kef> Phew! Jus received the AHG letter yest! So now waiting for the AOL letter liao! Finally it's on the way...
Kef, CH> hahaha! Me hub nv say 1 2 b daddy asap leh! lol~
Ryan> Thanks for sharing! =)
Kef, CH> hahaha! Me hub nv say 1 2 b daddy asap leh! lol~
Ryan> Thanks for sharing! =)
alicia> my bf also just inform me that we got AHG le...very lucky to get it...haha yea think AOL coming soon le...
alicia, CH> my bf said faster have babies den earlier we can 'retire'...he rather have it while young still got the stamina to look after...else old le...v tiring...but i think i wanna wait first LOL....
ya somemore for banks sometimes the interest they put first 3 yr fixed at maybe a lower percent after 3 yrs they will take floating interest rate which means if market interest rate is high...u pay more...n differences can be alot lo...
alicia, CH> my bf said faster have babies den earlier we can 'retire'...he rather have it while young still got the stamina to look after...else old le...v tiring...but i think i wanna wait first LOL....
ya somemore for banks sometimes the interest they put first 3 yr fixed at maybe a lower percent after 3 yrs they will take floating interest rate which means if market interest rate is high...u pay more...n differences can be alot lo...
sept_09_bride
New Member
Alicia> ur customary wedding ov liao huh...
Kef>> me n my hubby nv really discuss when wana hv bb.. mayb after customary then c bah..hehe.. let things b natural lor..
nw really gota save alot of $$... me like v stress up ov $$ issue leh.. siao liao.. customary wedding + hse reno.. siao liao.. siao liao... everything so exp nw adays.. haiz...
Kef>> me n my hubby nv really discuss when wana hv bb.. mayb after customary then c bah..hehe.. let things b natural lor..
nw really gota save alot of $$... me like v stress up ov $$ issue leh.. siao liao.. customary wedding + hse reno.. siao liao.. siao liao... everything so exp nw adays.. haiz...
Alicia & Kef> think u gals shd get the AOL in abt 1-2wks time bah.. i also got my AOL abt 1wk plus aft i got my AHG..
CH> dun get too stress ya.. muz do proper budgetting, n see if there's any ways to increase income.. the most common reason for arguements for couples is usually $$ issues.. when's your customary?..
CH> dun get too stress ya.. muz do proper budgetting, n see if there's any ways to increase income.. the most common reason for arguements for couples is usually $$ issues.. when's your customary?..
alicia_yong
New Member
Kef> Yes, yes, AOL coming soon for us! =)
CH> no ah, my customary is next yr march, my SIL's customary jus over. Y leh? =P
yanting> ok, will be keeping a lookout for it! =P
CH> no ah, my customary is next yr march, my SIL's customary jus over. Y leh? =P
yanting> ok, will be keeping a lookout for it! =P
CH> don't stress about it. at first i also quite stress but most importantly is that you and your hubby have to work it out with each others' folks and make sure that the wedding is done within your hubby and your means.
taking a loan for customary will be quite senseless IMO. Don't let the moment of a day be a misery of a lifetime.
Me and my wife-to-be should be going for more budget approach. Since our family quite small (less than 25 uncles and aunties combined in SG), we are deciding to go for lunch banquet and do a fast fast chop chop tea ceremony in the morning.
taking a loan for customary will be quite senseless IMO. Don't let the moment of a day be a misery of a lifetime.
Me and my wife-to-be should be going for more budget approach. Since our family quite small (less than 25 uncles and aunties combined in SG), we are deciding to go for lunch banquet and do a fast fast chop chop tea ceremony in the morning.
sept_09_bride
New Member
wow.. ryan hvnt propose already planning with WTB on AD thingy..
Alicia>> juz curious and cant rem if ur AD ov nt lor..
Mayb for us, will plan for customary on 2011.. then hse will come by 2012.. bt nt cmf yet lah.. feel like hving my AD on 9/9/2011..our 2nd yr anni..haha..
Alicia>> juz curious and cant rem if ur AD ov nt lor..
Mayb for us, will plan for customary on 2011.. then hse will come by 2012.. bt nt cmf yet lah.. feel like hving my AD on 9/9/2011..our 2nd yr anni..haha..
CH> together very long liao mah. sometimes just take it out and talk abt it lor.
my dad is not Ng Teng Fong, so i need to plan my finances as well.
i am sharing what my other friends talk to me abt also. Quite a lot of pple regret doing daytime tea ceremony followed by dinner banquet.
the costs are a bit higher because usually you will need to cater for lunch at both sides.
if time plan swee swee and everyone cooperates, by 1 pm you can start your lunch already if your family is small.
my dad is not Ng Teng Fong, so i need to plan my finances as well.
i am sharing what my other friends talk to me abt also. Quite a lot of pple regret doing daytime tea ceremony followed by dinner banquet.
the costs are a bit higher because usually you will need to cater for lunch at both sides.
if time plan swee swee and everyone cooperates, by 1 pm you can start your lunch already if your family is small.
alicia_yong
New Member
CH> Oic.. hahaha! 6 more mths will be my AD le! =)
sept_09_bride
New Member
ryan>> dun think tat can apply to us... coz both our parents families v big.. meaning we both hv lot of relatives.. tea ceremony 1hr also cannot finish..haha..
haha.. i guess its the comfort level bah.. my bf also havent propose, then sometimes we also talk abt AD, esp when we attend other pple's weddings or when frens tell us abt their wedding prep.. he also prefers wedding lunch, but i prefer dinner.. time and cost will be the main determining factors.. lunch will definitely be cheaper, but will b more rush..
for eg, my fren was telling us last wkend that he gotta pick up bride at 8am, tea ceremony at her hse at woodlands, then rush to their new hme at punggol for other customary practices, then by 1130am reach hotel for solemnisation, then 12noon the lunch cocktail starts, and lunch starts at 1pm.. but everything shd finish by 4pm la.. but i think that morning will b maddness lor.. i prefer to have some spare time here n there, so that at least anything crops up or delayed, the day wont b ruined..
for eg, my fren was telling us last wkend that he gotta pick up bride at 8am, tea ceremony at her hse at woodlands, then rush to their new hme at punggol for other customary practices, then by 1130am reach hotel for solemnisation, then 12noon the lunch cocktail starts, and lunch starts at 1pm.. but everything shd finish by 4pm la.. but i think that morning will b maddness lor.. i prefer to have some spare time here n there, so that at least anything crops up or delayed, the day wont b ruined..
alicia_yong
New Member
Oh, i jus realise tat HDB extend my HLE expiry date liao, from 8 oct to 8 jan. so meaning my appt to sign AOL cld be after 8 oct.
sept_09_bride
New Member
Hi Yanting>> yah, i agree.. and if it ends so early.. after 4pm.. duno wana do wat liao..haha..
prefer to b pretty pretty the whole day lor..haha..
like for my rom.. the lunch ends ard 3pm+.. then after tat.. we drive ard.. to mount faber.. walk awhile.. then weather too hot.. so end up.. drove bk to my hse and change to mre casual dress.. then drive to ret car.. and hv dinner..
for us is we try to find things to do after the rom lunch lor.. else, can b quite 'boring'..haha..
so prefer customary dinner to b at nite.. at least, can spend the whole day n nt cramp whole day event to 1/2 day lor..hehe..
prefer to b pretty pretty the whole day lor..haha..
like for my rom.. the lunch ends ard 3pm+.. then after tat.. we drive ard.. to mount faber.. walk awhile.. then weather too hot.. so end up.. drove bk to my hse and change to mre casual dress.. then drive to ret car.. and hv dinner..
for us is we try to find things to do after the rom lunch lor.. else, can b quite 'boring'..haha..
so prefer customary dinner to b at nite.. at least, can spend the whole day n nt cramp whole day event to 1/2 day lor..hehe..
CH> haha, i agree.. i also prefer to b swee swee the whole day.. n nt b running ard like a mad bride.. heehee mayb this is the main diff between a guys' n a gal's perception of a perfect wedding - guys want to get everything over and done with asap, while gals prefer to take it slow n steady throughout the day so that we cn stay pretty and in good mood.. if so rush huh, i sure get frustrated easily.. heehee..
hmm.. i guess if my rom is going to b on a separate day fr AD, the itinerary will be over aft the lunch or wat bah.. dun think will try to find activities la.. cos to me rom only small thing so its okie if its juz like any other day.. hee.. but AD cannot.. so everything muz b perfect for AD.. haha.. but hor, my bf also prefer rom to b same day as AD, he say no need to waste 1 more day, or get busy 1 extra time getting ready for rom.. but i dun think we can leh, unless we decide to hold the AD b4 we collect keys for flat, which i dun want, cos i dun want to stay with in-laws.. heehee.. if nt, muz submit marriage cert within 3mths of collecting keys, so muz b separate days liao..
hmm.. i guess if my rom is going to b on a separate day fr AD, the itinerary will be over aft the lunch or wat bah.. dun think will try to find activities la.. cos to me rom only small thing so its okie if its juz like any other day.. hee.. but AD cannot.. so everything muz b perfect for AD.. haha.. but hor, my bf also prefer rom to b same day as AD, he say no need to waste 1 more day, or get busy 1 extra time getting ready for rom.. but i dun think we can leh, unless we decide to hold the AD b4 we collect keys for flat, which i dun want, cos i dun want to stay with in-laws.. heehee.. if nt, muz submit marriage cert within 3mths of collecting keys, so muz b separate days liao..
alicia_yong
New Member
CH> After 4pm mayb hub 1 2 start "family planning" liao leh? wahahaha! sum ppl find tat having luncheon den can save time coz it'll end ard 4-5pm, so the rest of the day can be lovie dovie (er ren shi jie) mah.. My SIL's AD jus over, hers is luncheon. I tink their planning is not very gd, coz a lot of waiting in b/t & we dunno wat to do next. Coz for SIL's AD, after her luncheon is tea ceremony & seems like no1 noe where it'll be held, everyting oso need to ask groom, & groom is bz chatting & taking foto, so wait here wait there, relatives oso start to be impatient. Mine will b a dinner, so after buffet lunch in church will be tea ceremony den we can go hotel rest while guests can go home rest & go hotel for dinner.
yanting> After my ROM, we drive to sentosa for a nite stay in 1 of the resort. Wen we reach sentosa, we rest for a while & den we took the train to vivo to walk walk, go for massage, eat ice-cream. Den we went back to sentosa for their steamboat dinner, den went back to room & watch tv, relax den sleep. So i find it's ok, no need to tink of much tings, jus relax. =)
yanting> After my ROM, we drive to sentosa for a nite stay in 1 of the resort. Wen we reach sentosa, we rest for a while & den we took the train to vivo to walk walk, go for massage, eat ice-cream. Den we went back to sentosa for their steamboat dinner, den went back to room & watch tv, relax den sleep. So i find it's ok, no need to tink of much tings, jus relax. =)
alicia> I got my AOL le...13th Oct...u can check see if you get urs le...
like yanting and ryan...my bf also haven propose but we will discuss our wedding plans every now n den...like we see a venue we like then will discuss abit...i think is normal between couples ba...esp those who date for a while le oso...
I see alot of my friends one...in between the tea ceremony and banquet...they end up hanging around at the hotel to errr...do nothing n chat...maybe like help to walk around the ballroom see got wad things to help...
like yanting and ryan...my bf also haven propose but we will discuss our wedding plans every now n den...like we see a venue we like then will discuss abit...i think is normal between couples ba...esp those who date for a while le oso...
I see alot of my friends one...in between the tea ceremony and banquet...they end up hanging around at the hotel to errr...do nothing n chat...maybe like help to walk around the ballroom see got wad things to help...
alicia_yong
New Member
Kef> U mean u got the letter or u got it thr the webby?
alicia_yong
New Member
Kef> Oh! I got my appt date & time liao! Me oso 13 Oct leh.. Wat time is urs? Mine is 4.10pm.
sept_09_bride
New Member
haha.. my appt also got 10 mins..haha.. so funny and odd.. mine is 1 Oct at 3:10pm.. funny..
for us.. after ROM.. then go mount faber walk awhile.. take pics.. then go bk hm change, then go for dinner.. then went bk to our own individual hm to slp.. then nxt day only go for a short getaway together..
think AD more busy and really gota plan everything swee swee.. coz we got alot of relatives.. and tea ceremony sure takes alot of time 1.. so really gona plan swee swee..
for us.. after ROM.. then go mount faber walk awhile.. take pics.. then go bk hm change, then go for dinner.. then went bk to our own individual hm to slp.. then nxt day only go for a short getaway together..
think AD more busy and really gota plan everything swee swee.. coz we got alot of relatives.. and tea ceremony sure takes alot of time 1.. so really gona plan swee swee..
haha, yup my original timing is 4.10pm.. but i changed the appt, becomes 8.10am.. i guess the 10min is probably buffer time for them in case it drags bah.. for pple like me n CH, who havent read wat needs to b filled in and stuff, then go there n fill in one.. hahahha..
ya, i think time management on AD is very impt wor.. if nt, the whole day will be very jialat n messy..
ya, i think time management on AD is very impt wor.. if nt, the whole day will be very jialat n messy..