02 Mar '12, 10am

My Singapore News: $1000 income can buy a flat!

The logic of $1000 income can buy a flat is the same as $8 for an open heart surgery. But don’t laugh, it is true, it can be done. How, I dunno. But it is uttered in Parliament so must be a fact. It’s elementary, Watson! I have known a young couple whose combined income is about $14k and with a couple of hundred thousands in savings. They will not be coming home. They could not afford to buy a private flat as it would mean emptying everything they have saved. And that is not all, still got to take nearly a million dollar mortgage. Only fools will think of taking a million dollar mortgage and think it is alright. Or maybe a gambler will do that as there is always the hope of making more money as the value will appreciate, surely. And then sell it to buy a more expensive flat and take another bigger loan and keep snowballing the winnings. The young couple will not be qualifi...

Full article: http://mysingaporenews.blogspot.com/2012/03/1000-income-c...

Tweets

Can $1,000-a-month salary really buy you a HDB flat? | SingaporeScene - Yahoo! via @yahoosg

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Anyone with an income of $1,000 can buy a Housing Board flat, the assertion went. But the figure startled many and on Frid...

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mrbrown.com 02 Mar '12, 4am

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sg.news.yahoo.com 02 Mar '12, 2pm

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mrbrown.com 03 Mar '12, 10am

A reader response to Tharman's $1k-a-month-can-buy-flat speech . Here is an excerpt of the SL's email to me: "Normally I w...

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modparade.com 02 Mar '12, 12pm

A highwaist skinny cut pants. This pants comes with a functional button, hidden zipper, two side and back pockets. Materia...

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#maybetharmanmeanttosay, if you make $1k a month, you can buy a flat… tire.

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mrbrown.com 02 Mar '12, 10am

@mrbrown: #maybetharmanmeanttosay, if you make $1k a month, you can buy a flat… screen tv. @mrbrown: #maybetharmanmeanttos...

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SINGAPORE: National Development Minister Khaw Boon Wan has clarified comments made by Deputy Prime Minister Tharman Shanmu...

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