Calculating Finance

just did a little calculation on HDB wesbite for a 300K Loan repayable in 30yrs with 2.6% interest, montly contribution will be $1.2K/mth

From CPF allocation, OA which is used to pay for HDB loan will be 23% of wage that means.. to support $1.2K/mth, gross combined pay should be around $5.2K/mth

so dear and I must earn >$5K combined to get decent flat

Result for March BTO

and we did not even have a Queue Number..

we exceeded 3X the number of flats available.. SIGH.

second time and it was worse than Feb's result.

NEXT, we should be aiming for PUNGGOL in APRIL.

now waiting for the BTO application exercise to be open.