I was reading this article just now and it made
me think a lot more about what I really want 10 years down the road.
For those who know me, you all would have known
that my family and I just moved in to our new BTO flat half a year ago. From
applying the BTO with my family four years ago to renovating and eventually
moving in at the beginning of the year, it made me feel the importance of
having your own apartment in Singapore.
Therefore, during my self-introduction during my
internship last month, I mentioned “Having my own apartment before 25 years
old” as my dream in life.
This sounded rather impossible and my colleagues
actually commented that my dream was special as it is actually very expensive to
purchase a flat in Singapore with rising costs for almost everything.
Photo credits:http://www.theonlinecitizen.com/2014/05/high-cost-of-living-because-of-sporeans-higher-aspirations-ng-eng-hen/
Assuming the price of your flat to be a typical
SGD$ 300k 4 room flat, to purchase this unit, you need a deposit of 10-20%
depending on your loan scheme.
That would mean that you need at least SGD$30k- SGD$60k when you are applying for a flat. Also, when you move in, you need to renovate the house as well as furnish it, which can easily go up to SGD$40k.
That would mean that you need at least SGD$30k- SGD$60k when you are applying for a flat. Also, when you move in, you need to renovate the house as well as furnish it, which can easily go up to SGD$40k.
Hence, you will need to have at least SGD$100k
of savings before you can really own a HDB flat, which does not include the
monthly montage that you have to pay after moving in to your house.
After listing down all these costs in a lump
sum, it sounds really impossible to own a flat in Singapore before the age of
25 (6 more years for me!).
However, after reading a little further past the
fifth paragraph in the article:
Expensive Singapore- Beat it, I realize
that my dream is not that impossible if I start building a savings plan for
myself now!
Also, to help me fufil my dream, #GoBearDreams
is actually holding a competition where I can win $10,000 CASH funding! No, it
is not a loan!
Its actually a contest held by Go Bear for people like me in Singapore to share our dreams and ambition.
Sounds
too good to be true?
Check
out the video of a sweeper’s outrageous dream being fulfilled thanks to getting
a loan on GoBear at https://youtu.be/anusrlpnOhQ.
 |
Interested
in getting your $SGD10,000?
Simply join the contest, you’ll never know, you may be the next winner to walk away with SDG$10000!
Contest Criteria:
- Be as creative and interesting as possible in sharing your dream
- Submit a 30seconds video here along with your personal details
Of
course, other than the grand prize, attractive prizes such as yoga class packages and free co-working space
subscription under The Working Capitol.
Contest
period: 29 June to 29 July 2016.
Thanks
for reading!
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