Comments by "ttkoh123" (@ttkoh123) on "New private home sales in Singapore fall 17.3% in November" video.

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  6.  @xeenslayer  Where the $584 psf came from? Answer: Based on CNN table in the CNN news the other day. Bank loan used as example because there are lesser restriction. Read the other news on contemporary rates hike. A bank loan can be better or worse. It's usually better. In any case SIBOR/SOR rates. 5% was based on comtemporary estimation. Given, even if we use your rate, it turns out to be $773,249 OR over 3/4 of a $million dollars for a 99 years lease apartment and here’s the kicker, you’ll keep being charged accrued interest even after you’ve fully paid back your loan, because technically you still ‘owe’ money to your CPF-OA account! There are voices raised so Whether is "easy or affordable" or not is NOT, I repeat, "IS NOT" for you to say as it depends on the household’s income of the individuals and whether there are left over for other necessities like food, transportation, and health care, children, elderly, saving for retirement etc... But according to a reliable survey some time ago: 2 in 3 working Singaporeans do not have savings to last them beyond 6 months. According to CNA News the other day, Credit companies see rise in people applying for personal loans, for daily essential included. Furthermore Someone Said HDB Revert to Zero Value at the end of lease. It means the "Would-Be-Retirement-Saving" all gone or depleted in Value? The bad news is some households are what economists call “severely cost burdened.” Well, Singapore is a Representative Democratic. Singaporeans have choices to make in 2025. Some people don't like change, but you need to embrace change if the alternative is disaster. [ElonMust] Time to help ourselves in 2025.
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