The Final Countdown

Ok, we've decided that we're almost definitely gonna be spending New Year's Eve (NYE) somewhere in the Marina Bay area. Probably Butter Factory, but given that the whole damn place is gonna be so crowded, we have another friend's party we can hopefully pop by which is pretty near the area.

Lets hope we all have a great time at the Bay!
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Here's a little number crunching for fun:

Assuming me and the wifey manage to save up at least $100,000 within the next 3 years when our HDB constraint is due, coupled with another $100,000 in our CPF, we would then be able to afford a nice private home with a budget of up to $1mio, where we take an 80% loan from the bank.

For a $800,000 loan, monthly repayment is 3.7k/mth, assuming 4% flat rate, for 32yrs.
For a $700,000 loan, monthly repayment is 3.2k/mth, assuming 4% flat rate, for 32yrs.
For a $600,000 loan, monthly repayment is 2.8k/mth, assuming 4% flat rate, for 32yrs.
For a $500,000 loan, monthly repayment is 2.3k/mth, assuming 4% flat rate, for 32yrs.

Given that our humble little Sengkang flat can fetch $2k a month in rent, it means that we can almost use solely our CPF contributions to pay the rest of our instalments.

Time to start saving!
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Oh and I watched that Sasha Baron Cohen movie, Bruno yesterday evening.

Gayest shit I've ever seen man. It was tough sitting through some parts and some other parts I was laughing like mad. I don't think I can ever look at Ultimate Fighting Championships the same way ever again. Hahaha!