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Selling a brand new Mistral Electric Oven (30L) MO303E that was given to me yesterday as a house warming gift. No use for it as I already bought an oven. Retail price at Courts is $99 and willing to let go at $60. For more details you may go to the link http://www.courts.com.sg/Products/PID-IP025448(Courts)/Home-Appliances/Kitchen-Appliances/Electric-Ovens/MISTRAL-ELECTRIC-OVEN-30-L-MO303E Drop me an SMS at 93639926 if interested. Pick-up at my place @ Clementi Ave 1. Thanks! Cheers CY

Hi Aurelia, mind sending me your quote from SDS? Tks!

hiya chixchix! Seems like we are quite close to each other! Mind if i ask how much rental income u r charging?? I have also applied for 5-room and aiming for high floors too =) Lets hope we will get a good queue number when come to selection. Btw, HDB will issue us the ballot number before end of this year right?

thanks for the reply! wow.. i didnt even know my floor plan in that detail haha.. indeed i also heard some rumours about this allowance to choose your side if got balance but guess till next yr when its time to choose my flat then i will know! your 5-rm price is similar or even slightly cheaper than my side 5-rms, you definitely got a good bargain and confirm can make $$ if you decide to sell in 5 yrs

hiya, me been staying in clementi for almost 18yrs with my parents and recently bought my own resale 3 room at clementi ave 1 which is enbloc. And mine is worse, expected to complete by end 2011 but i really doubt if they can make it by that time since they had only started the construction 1 month ago.. clement08, u r so lucky, will get to shift to the new blk next to the mrt!! actuslly if given a choice i would love to take the unit there with such a super good location! Btw mind if i ask what is the hdb price for your new flat?

Note that for 2nd Appt if there is still outstanding cash amount, it has to be cashiers order or cash. Cheque not allowed.

Hiya, I found my 1st appt letter but didnt see any indication of the cash i have to pay for this 1st appt. You may want to check with your agent on this matter. Indeed if you are applying for Bank Loan and downgrading, i am not sure if there is an exception to these cases. Having said that, if you were to pay the cash on 1st appt assuming the standard 10%, it should be something like this. Purchase Price = 213 k + 21 k = 234 k. Thus you need to pay 10% cash of 234k by 1st Appt which works out to be 23.4k. Since this amount is more than your total COV of 21k, you would have to pay up all your COV of 21k by 1st Appt. Do note that as you would have paid up an initital depoist during the OTP (Eg: 1K), you just need to pay 20k (21k-1k) With your 1st Appt this Fri, seems like the timing is tight for you to raise the cash. However, if i am not wrong, you have up to 14 days to pay up this cash from your 1st Appt date. All The Best!

Hi retchlow, Let me try to explain clearer.. There is this 10% downpayment of your valuation price which you can pay fully via both you or you and your spouse cpf. So Scenario 1: if your resale flat is valuation of 200k and Purchase Price fixed at 200k valuation, you need to pay 20k as downpayment and this can be paid up fully via CPF. No cash involved at 1st appt or 2nd appt. Next there is this 10% of Purchase Price which will come into play if you need to pay COV whereby Purchase Price is more than your valuation price submitted. Scenario 2: if your valuation is 200k but Purchase Price is 250k, there is a COV of 50k. At 1st Appt, you will need to pay up to 10% of the Purchase Price which is 0.1 x 250k = 25k. as the Cash. The remaining 25k Cash will be paid up in 2nd Appt. Do note you still need to pay the 10% of valuation price which is 20k but this can be settled using CPF Scenario 3: Valuation is 200k while Purchase Price is 210k which means COV is 10k, since 10% of 210k is already 21k and more than your 10k COV, you just need to pay up this 10k Cash on 1st Appt to settle the cash portion. By the way, i went through the scenario similar to scenario 2 so that one i am 100% sure thats how it works. For scenario 3, it seems like a case for the TS but of coz his amt was much higher. As to why your letter didnt state any cash for 1st Appt, i am not sure why is that the case. Perhaos you want to share with us your numbers you are paying so that we can figure out? Otherwise, I hope the above explaantions clears your doubts! Thanks for your well wishes, will need lots and lots of it to get a good ballot number!

haha indeed my case is rather unique as it involved getting a flat which is slated for enbloc in Clementi. You can read more details here http://www.renotalk.com/forum/index.php?sh...=13563&st=0 how about yours? i guess your location should be somewhere central like redhill or tiong bahru right?

icic..yes indeed then 10% of 500plus k is easily 50k cash on 1st Appt. Anyway me paying 57k cash in COV but as the flat costs $252k in total purchase price, i only need to pay up to $25,200 on 1st Appt. My 2nd Appt in mid August so then need to fork out the remaining $31,800. Heart pain also..

Hihi, I think mine also took ard 3 working days to clear. But anyway 1st Appt u only need to pay 10% of the total purchase price. So assuming your valuation is 200k and purchase price is 250k (COV of 50k), you only need to pay 10% of 250k cash (25k) on 1st Appt. But actually of this 25k, if you had paid 5k depoist initially, you just need to pay $20k then for this 1st appt. Hope the above helps! Cheers!

Hey no worries, actually i also know about this requirement about putting back money into CPF if you had used it to purchase your flat and plus the accured interest it would have earned had it not been used.. Frankly that whole calculations over there is something i still cant figure out but i guess for now i will leave it alone coz you never know in the future how the rules may change for housing purchases, etc Thanks though for this reminder which i will definitley take heed if i intend to sell =)

Hi Big Orange, Good questions u have and i will try my best to answer =) 1) Technically i understand we cannot rent out the whole flat as owners we must stay at least 3 or 5yrs (cant remember) before you can apply to HDB for that. So no choice, we will rent out a room and hopefully fetch around 500 at least ( our location is less than 5 min to clementi mrt). 2) Actually the valuation is 195k so we are paying down from this figure since the rest was in cash. Yup we will start to service this loan after our 2nd Appt. For SERS flats there is this compensation price which can be used to offset for replacement flat which in my case was around 191k. Its quite complicated to explain but anyway we wont 'lugi' when Govt take back our flat. 3) By right must produce our ROM cert upon collection of keys for this resale 3-rm but we will write in to appeal to delay till early next yr. So its a bit diff from BTO which i know you can delay till the flat is ready for posession. 4)hmm.. it will really depend on which replacement flat i get at what price? The range of replacement 5room flats (110sqm) is btw 258k-347k (after 30k discount from Govt). So let us take the example we get the most expensive which i will assume is the highest floor (40th storey), the 'real' price we are paying could be 347k + 57K (cash paid for my current 3rm) and other costs like our agent comm fees, stamp fees, etc. So lets just take it as 70k in all. So in order to break even if we want to sell off in say 5-10 yrs time, we should sell at least 347K+70K = 417k. Looking at current market condition in Clementi, we can analyse the current HDB pricing as well as resale pricing. For HDB direct purchase, there are still 5 5-rm flats which is yet unsold but only for Malays, and pricing for these low floor units(1st to 3rd) are around 480k. As for resale flats, lets zoom in to those newest ones which was built in 2002. Those can easily fetch from 500k onwards for low floors to as high as 600plus k for highest floor at 25th storey. So my gut feel (hopefully its right =p) is that valuation pricing will still go up in the long term and assuming i need to at least break even by selling at least above 417k or more (if taking in inflation costs), it should not be too difficult... agree? Hope my explanation sounds logical and rational haha.. please feel free to comment otherwsie ya

Hey no problem! In fact u definitely will be much luckier as in there will be 1 less balloter (thats me =p) who will 'compete' with you for that queue number! Cheers LCY Congrats! So where is your new place gonna be? Any blogs to keep us updated on your reno progress??

Hi Assassin, Indeed you are right! You stay near there isit? But another thing gd about those new yishun flats is that it has a basement carpark and for a moment looks like a condo-style environment as in the centre of the flats has a nice big area too for relaxation,etc. However as what u said above, unless one likes Chong Pang and works in the north,i feel the price to be paid may not justify its location. Hey lovee_cdc, Dont be disheartened with not enough cash for now.. anyway the trend seems to be moving to a higher valuation price and lower cov so i am sure if u look hard enough, u will find a resale flat that meets your expectation both in terms of location and cash!