Housing Woes (Part 2)
Telok Blangah Towers
We have applied for one of the 210 Premium Units (4-rm) of the above and there are already 6100+ ppl on queue for this. This translates to a ~3% chance of getting a flat for every couple. Assuming a 50% drop-out rate, we will require a Q no. of about 400. To make matters worse, it is a BTO exercise, so we have to wait for another 5 years for the flat to be built, even if we do get it. This means that during these 5 years of waiting, we have to find another flat for rental. With rental prices soaring every month, I wonder how much it will cost to rent a 3-room flat.
It's literally impossible to live in Singapore.
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Property
3 comments:
would you like to exchange links?
http://www.financialfuturesandequitymarketanalysis.com/
you can reply back to johnbougearel@gmail.com
thanks
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