06 Jul '11, 9am

IM$avvy $avvy Blog Corner: How Much To Get Married (Part 2) - HDB #Flat #marriage #Singapore

A few days back, I wrote about the cost of getting married in Singapore . In that post, I gave a brief outline on the items that a typical Chinese couple in Singapore would spend on. One of the big ticket items I identified was one's housing. For most couples who have just started working and are probably not earning a lot (or born with a silver spoon), they will most probably opt to buy a HDB flat. This is perhaps the cheapest option unless you are willing to rent or stay with parents/in-laws. When to Rent Some couples might opt to rent a flat or a room instead of buying their own HDB flat. This is usually due to cost considerations or because one is able to get a flat of choice. Others might simply want to be debt free and so choose to rent instead of buy. As a guide, one's mortgage loans (plus other debt payments) should not exceed 35% of the couple's combined salary. M...

Full article: http://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=467203...

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