Is it riskier for single or zero-income couples to buy HDB flats?
HDB should give clarity on how financially stable it expects couples to be before they apply for homes
Add BT as a preferred source
INTUITIVELY, you would think that if a person is unable to secure sufficient loan financing before buying a home, the prudent thing to do would be to not proceed to make such a purchase.
Without a loan, you could, after all, be stuck having to pay for a large proportion of the amount in cash.
For some buying Build-To-Order (BTO) flats from the Housing and Development Board (HDB), it may not be possible for those who are in school or drawing only a single income to obtain an adequate loan to buy a flat.
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