And by fun, I really mean, “Hey! More reasons why I shouldn’t buy property in Singapore.”
Too bad Vietnam doesn’t allow more of their properties to be purchased by foreigners. My dreams of being a Saigon slumlord shall remain unrealized for a bit.
More Singapore-specific resources to help you on your quest to own a home:
MoneySENSE Worksheet on Buying a Home & Taking a Home Loan – From the Singapore government. PDF file aimed at first-time home buyers. Its main message seems to be, “Don’t buy a home you can’t afford.” Also explains using CPF for housing.
Buying A House – From the Central Provident Fund board. Lots of links related to using your CPF savings to buy a home. I particularly like the section, “What if I am bankrupt?” Don’t worry, you can still use CPF to fund a HDB flat!
4 things you may not know – Article on CPF property rules.
Calculators – A smorgasbord of calculators to predict monthly installment rate, outstanding loan, home affordability, etc.
And for you non-Singaporeans reading this, one of the amusing ways in which people propose marriage in Singapore is to ask whether their partner would like to buy a flat. In order to buy a new HDB (government-subsidized housing) flat, you have to be married. Romantic!