As HY and I experience the Dawson saga, it doesn’t just give us the assurance that God has good plans for us, but also that He has the perfect timing. Hence, the best thing we should do, always, is to trust in His gifts and believe in His timing. I will be detailed in this thanksgiving because I want to give God the full glory. This will be a long entry.
The Dawson BTO (Built-To-Order) project was designed by award-winning architects and centrally located in the Queenstown district. As a result, around 10,000 people applied for it, making it over-subscribed by a few times. We applied for a four-room flat because we know that by 2016, we probably would have just started our own family.
There were 1,102 four-room flats available and our queue number was 1,302, meaning we needed 200 applicants to drop out before we were eligible. However, we actually needed more than 200 applicants to drop out because these 1102 units were divided to meet the ethnicity quota. This basically means that we needed Chinese Singaporeans to drop out if we wanted to smell a chance! Nonetheless, we made it by God’s grace and here are ten reasons why we are still rejoicing and praising God for His providence.
I. Balloting Success. By God’s grace we were successful on our first attempt – quite a miracle considering that there people who have repeatedly applied without success. I remember telling HY that the more we had to depend on “luck”, the more confident I was for God is in control and that we need not depend on our achievements.
II. Right Phase of Relationship. Timing was key in our application. We had arrived at a point in our relationship where we were ready to move on to the next phase of our courtship. We felt that we were ready to progress in our relationship.
III. Additional Housing Grant. Couples with a combined income of less than $5,000 would receive additional housing grant (AHG) of up to $40,000 from HDB. Basically, the lower the combined income, the higher the AHG awarded. This worked out perfect for us because by God’s divine timing, we applied for this when HY was a student without income and when I drew the modest salary of my working life. Any earlier and I’d be on a better income, any later, and we’d have been on a higher combined income. Applications for Dawson opened in that perfect window. HDB actually requested for HY’s CPF statements only up to June 2010 – she began work on 1 July and would therefore have CPF contributions from July onwards! Get it?
IV. Staggered Downpayment. HDB created this payment method to encourage couples to settle down at a younger age. Those below 30 years old have the option to pay their deposit (10% of cost of flat) at two intervals – once at flat selection (now) and the other at keys collection (six years later). And as this is completely paid through CPF, it means that our cash-commitment amounts to zero (not because we have a lot in our CPF, but because of the AHG).
V. Queenstown District. One of the factors that helped us to increase our balloting chances was to be situated near one of our parents. To qualify for this, you’d need to stay within a 2km radius of your parents. Ghim Moh is over 4km from Dawson but because both estates belong to the Queenstown town council, we still qualify.
VI. Breakthrough with HY’s Parents. There was no easy way to ask HY’s parents for their approval and support for this application. We were so scared about this that we actually methodically prepared a detailed six-page FAQ as we tried to speculate the questions they might ask, and we even rehearsed the Q&A! This chat also took place at a time when there was slight tension in the family. It really took courage and a step of faith to present this to them. And their response took us by complete surprise, “Actually you don’t need to ask us because it’s your combined decision… But if you ask us, there’s no issue – this is a good deal – go ahead!” W-O-W!
VII. Centrality. In light of the current skyrocket prices of flats, our Dawson flat actually seems affordable (and almost a steal). It’s a great investment no matter how you look at it. One reason why we were attracted to the place was for its location – a 10-minute commute to almost anywhere (Ghim Moh, Holland Village, the Singapore CBD, Orchard Road, Harbourfront, Chinatown and City Hall), leopard-crawling distance to Grace Assembly of God and walking distance to Queenstown MRT.
VIII. Growth Spurt in Faith. We selected the flat on the fourth day of Grace Retreat. We spent most of the two weeks before our selection appointment refreshing the HDB website, checking how fast our quota was depleting. Our appointment was the second-last of the day and at the time of our selection, we were amongst the final 10 Chinese (i.e 10 more remaining units for the Chinese ethnicity). When we left HDB, there were only five units left. By 10am the next day, the Chinese ethnicity quota had completely depleted. Imagine the mental roller-coaster! Despite all that, we managed to select a high floor – 11th – and while it feels like a relatively low floor in a 47-level block, it was much higher than we had expected!
IX. Payment Commences in 2016. Yes, it will take half a decade for the flat to be ready but we see it as a good thing because it means that we’ll have more than enough time for our CPF to swell with nearly six years of monthly contributions. By then, we won’t even need to worry about additional cash injections because we could easily sustain the monthly repayments. This is significant; if we had purchased a resale flat, we’d require around $80,000 liquid cash (how!?) – half for Cash-Over-Valuation (COV) and half for renovations. Thank God we need not worry about that! In fact, we can take our time over to slowly and steadily save for renovations.
X. Housing Loan Eligibility. As this is a BTO, it means that our housing loan eligibility (HLE) would be reassessed when we collect the keys in 2016. This means that our HDB loan would be derived based on our combined income in 2016, instead of now, where it’d be based on only a single income. This is easily a difference of over $200,000 in loans! Can you imagine if we had to borrow that additional amount from a bank to finance a resale flat, or buy a $200,000 flat?
There’s so much more to thank God! For one, we are officially home-owners now and it’s a huge load off our chest. After all, purchasing a house is one of life’s milestones, and for us to nail it at 27 and 23 years old respectively, was beyond our expectations. To know that we’ve overcome this hurdle allows us to focus on building our relationship and making us even stronger than before. God is faithful indeed. All glory to Him alone!
Warning: this post sounds relatively conceited and will be blatant, shameless self-advertisement for the blog. Bear with me because I’ll probably only do this once, I hope. Hehe. (:
First and foremost, and some of you may have already realised this…
I’d like to launch my new domain…
(Feel free to update all your links if you so desire; misunderstoodsunshinekid.wordpress.com gets you here as well – both urls are one and the same.)
My silent countdown to the centenary post begins and I plan to put together a minuscule competition to spice things up a little here, so keep your eyes peeled to this one. Well, so far, so good; I’ve been enjoying the process of expanding on one thought per day – that’s what I’ve been telling myself to achieve, to think big, start small, build deep (thank you, EC). Blogging daily has become a part of my routine and I think that’s a good thing (for me) – kind of like my “think time”. After all, setting out with a purpose does result in a purposeful blog.
I love to write and (I think) you like to read (what I write); we have a nice little partnership going on here. At the beginning of March, I’ve actually set a readership target for this blog and told myself (and HY) that as soon as I hit a consecutive daily average of over a hundred hits, I’ll register my own domain name. Well, the time has come for me to do that. (Actually, I should have done that last month but I’ve been reluctant to part with the cash… Nonetheless, I think it’ll be a good investment.) Interestingly enough, the two days with the highest hits are for nice is never good enough and the recent top ten reasons to leave church at 162 and 170 views respectively. I’m surprised at the figures, to be honest; considering that I only have less than 5% of hits referred from Facebook or Twitter, I’d like to believe that I do possess a healthy following and a group of supportive readers. Thank you! Either that, or some joker has been hitting refresh non-stop.
Well, I promise you that more will come. There’s just so much to write about – for example, the one leadership question I asked PC during our bi-monthly lunch just two days ago resulted in an answer so rich, it could spawn 10 entries. (I had actually prepared seven questions to ask him but that one answer was enough food for thought.) I can only pray and ask God to keep sending me thoughts, and people to keep provoking my cognition. I take no credit for any of my musings anyway because my writing is post-prayer and inspired by the Holy Spirit. I try to follow what Paul advocates in 1 Corinthians 10:31 – that is to write for the glory of God.
And so I have decided to enhance your reading experience. I’ve already amassed a sizable number of posts and so it’s only sensible that I keep my writing organised and archived. I’ve created three new categories – The Greatest Gift, Top Ten Tuesdays and Football Fervour – for your navigation pleasure; in time, these categories will increase in volume. I will also create more “pages” (and update the current ones) as time passes. In a nutshell, if you keep returning, you’ll keep finding new things to read.
In a bid to achieve consistency, I’ve tried as much as I could to post/schedule new entries by/at the turn of midnight. Oh, I use Bloglines as my blog reader and I highly recommend it. However, an even more convenient method would be to simply subscribe to my blog via email; so if you’d like to be the first to read my daily updates, simply 1) fill in your email at the top-right of this page, 2) click on the link in the confirmation email and 3) MSK will appear automatically in your mailbox – I’d super recommend that. Easy as 1-2-3. HAHAHA.
For now, I’d like to express my sincere thank to you for the great support. If you keep reading, I’ll keep writing. Actually… I’ll keep writing, regardless. I promise! (: