A couple should buy a 3 room HDB flat if combined gross income is less than $4000. This means, if a couple, both are diploma holders and just started working, they most likely will not be able to afford a 4 room flat. let's find out why.
Are you planning to apply for a BTO flat? Do you know the flat size which you are eligible for? Many couples apply for a HDB flat 2-3 years before they get married. Sometimes your other half has not even started working yet. This is to ensure that they have their own flat by the time they get married in 2-3 years time.
But did you know that you can successfully apply for a BTO flat but not qualify for a HDB loan later when the flat is completed? When that happens, you will have to top up the difference by cash/CPF ...
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