Housing

i was reading Straitstimes online in the afternoon and one of the "Most Popular" at the sidebar was this

'Buy a flat you can afford'

And I know the puggol waterway terrace just released result got balloting so I went to check out the brochure again, I tot why the huge demand, is it that affordable?

and this is what I compiled



so imagine your flat cost 380K for 4 room
(no one will take the lowest price)
20%=76K

you have to pay 76k as downpayment
5% cash=19K
15% using CPF=57K

of course I haven add in the various grants
but I wonder if ALL the 7000+ people who ballot are REALLY financially prepared or book "out of kiasu-ness"? depriving those in need of flats cause I read lots of complaints on forums

tsk tsk