Originally Posted by
Violinbite
Do you guys think government is giving singles a chance to own super-cheap 2-bedroom BTO in view some of these 'lucky ones' who got it, after 10 year MOP able to rent out while using their current time to save up for a second property? Imagine, $76000 after deducting grant of $60k only need to pay $16k. What is $16k? Is not even consider a sum enough to pay stamp duty for any private condo, yet they can just possess a flat with this small sum of cash, CPF deductible some more. Looks like HDB rentals will face more challenge from 5-10years time, if these singles make it to buy a second property in future.
It's only a small window I think. MND already claim that they will slow or stop building from 2015.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.