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Singapore Budget 2009
Last Post 07 Feb 2009 01:58 PM by lavendersky. 156 Replies.
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santa
I'm a baby Shroomy!
Posts:56
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| 23 Jan 2009 01:49 PM |
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have we actually seen the profiles of those whose household income are less than 1500 to enjoy the maximum benefits?
but no harm trying, i guess. |
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mybearbrick
I'm a baby Shroomy!
Posts:11
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| 23 Jan 2009 01:54 PM |
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Based on a tele-conversation with a staff from HDB,
presently, there is no clear information on the effective date of the new revised scheme.
Hence, those who have recently submitted their OTP to HDB before the budget was annouced might NOT benefit from the revised scheme.
Those submitted in Dec 2008 and pending first appointment, will most likely NOT benefit from the revised scheme.
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BlueTurtle
I'm a teenage Shroomy!
Posts:809
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| 23 Jan 2009 02:07 PM |
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it's only a matter of the effective date. whether or not hdb will do like what the maternity package did the last time and backdate. can't please everyone... so better to not hope for so much. but i do think chances are that they might backdate the effective date. |
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Naturalis
I'm a toddler Shroomy!
Posts:491
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| 23 Jan 2009 02:31 PM |
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to enjoy AHG, you have to be constantly employed for 2yrs. and that 2 yrs cant go above $4k,(now $5K.)
so fresh grad are not applicable. not many people can get one. cant cheat on this. |
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surfers
I'm an experienced adult Shroomy!
Posts:5725
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| 23 Jan 2009 08:40 PM |
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I think we should not be to envious of those lower income group. Most of us here are earning much more than this group of households. Given a choice, I don't think anybody wants to be at the bottom 20% earning less than $1500 per month. Afterall, Singapore is still a relative high living standard country. I do applause the government to help out this group of households and not leave them behind when everybody is progressing. Given the extra subsidy, this group of household would be able to own a 3 bedroom HDB flat. Yes, it may only be a 3 bedroom flat, but to be even able to own an asset is a lifetime dream for this group of households.
A household income of $1500 should still be able to purchase a 3 bedroom flat of $150,000 with government assistance. After paying $15,000 downpayment and $80,000 subsidy, they would be able to take a loan of $55,000 where the monthly repayment for 30 years is $221. At $1500 household income, their monthly ordinary account contribution of $345.36 should be sufficient to cover thier monthly repayment of $221.
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Naturalis
I'm a toddler Shroomy!
Posts:491
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| 24 Jan 2009 01:55 AM |
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yes, i agree with surfers.
the govt policy for everyone to own their own home is very good.
applause for the effort. with the price of property skyrocketing,
the AHG is indeed helpful for the lower income group to buy a new or resale HDB.
to be able to give is better then to receive. |
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lieblingsg
I'm an expert adult Shroomy!
Posts:7888
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| 30 Jan 2009 10:56 PM |
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I thought I saw something very interesting in the headlines of the newspapers in HK today. No goodies in the BUdget, it says. Hmmmm. The approach couldnt be anymore different between Sg and HK. Jijijijiji. |
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lieblingsg
I'm an expert adult Shroomy!
Posts:7888
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| 30 Jan 2009 10:57 PM |
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WHich then begs the question: when is our next general election again? I forgot. |
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babypig
I'm a teenage Shroomy!
Posts:1570
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| 30 Jan 2009 11:04 PM |
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does tis apply to the couple or individual owner?
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surfers
I'm an experienced adult Shroomy!
Posts:5725
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| 31 Jan 2009 12:13 AM |
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Posted By babypig on 01/30/2009 11:04:21 PM
does tis apply to the couple or individual owner?
Are you referring to the household income of <$1,500 to qualify for all additional grant?
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renee
I'm a toddler Shroomy!
Posts:408
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| 07 Feb 2009 10:01 AM |
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details of the AHG is out !
The enhancements are as follows:
▪ Increase in the income ceiling from $4,000 to $5,000
▪ Increase in the maximum grant amount from $30,000 to $40,000
▪ Reduction of the 2-year continous employment condition to 1 year
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$1,500 or less
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$30,000
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$40,000
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$1,501 - $2,000
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$25,000
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$35,000
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$2,001 - $2,500
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$20,000
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$30,000
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$2,501 - $3,000
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$15,000
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$25,000
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$3,001 - $3,500
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$10,000
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$20,000
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$3,501 - $4,000
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$5,000
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$15,000
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$4,001 - $4,500
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-
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$10,000
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$4,501 - $5,000
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-
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$ 5,000
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Take effect from 6 Feb 09 onwards
| Purchase of New / DBSS Flats |
Booking of Flats on or after 6 Feb 2009 |
| Purchase of Resale Flats |
Resale Application received by HDB on or after 6 Feb 2009 |
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jane
I'm a toddler Shroomy!
Posts:219
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| 07 Feb 2009 10:43 AM |
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y worry, AHG info is avail in HDB website |
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renee
I'm a toddler Shroomy!
Posts:408
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| 07 Feb 2009 10:45 AM |
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Posted By jane on 07 Feb 2009 10:43:20 AM
y worry, AHG info is avail in HDB website
worry?
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jane
I'm a toddler Shroomy!
Posts:219
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| 07 Feb 2009 10:51 AM |
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any announcment willb avail online, no need to hurry to grab the info |
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jane
I'm a toddler Shroomy!
Posts:219
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| 07 Feb 2009 10:52 AM |
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got to feed my baby now. by . Enjoy chatting. |
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renee
I'm a toddler Shroomy!
Posts:408
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| 07 Feb 2009 10:55 AM |
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Not worry. Jus giving a quick overview update 4 all MHT mbrs =)
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lavendersky
I'm a toddler Shroomy!
Posts:167
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| 07 Feb 2009 01:58 PM |
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Posted By surfers on 23 Jan 2009 08:40:35 PM
I think we should not be to envious of those lower income group. Most of us here are earning much more than this group of households. Given a choice, I don't think anybody wants to be at the bottom 20% earning less than $1500 per month. Afterall, Singapore is still a relative high living standard country. I do applause the government to help out this group of households and not leave them behind when everybody is progressing. Given the extra subsidy, this group of household would be able to own a 3 bedroom HDB flat. Yes, it may only be a 3 bedroom flat, but to be even able to own an asset is a lifetime dream for this group of households.
A household income of $1500 should still be able to purchase a 3 bedroom flat of $150,000 with government assistance. After paying $15,000 downpayment and $80,000 subsidy, they would be able to take a loan of $55,000 where the monthly repayment for 30 years is $221. At $1500 household income, their monthly ordinary account contribution of $345.36 should be sufficient to cover thier monthly repayment of $221.
Yup, which is why HDB also caps the income ceiling for 3-room flat purchases to "protect" the lower-income group. There is nothing to be 'envious' of the lower-income. Everyone has their own lot in life. Be contented with what we have.
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