Girl,

You cannot based your purchase decision on the "show unit" because they are being modified severely to make it look good. Also, everything looks neat because all the finishings are made to be same colour, all clothing are of same colour and all books are of same size. It doesn't reflect reality.

When you evaluate a house, you should imagine it without any furniture and even with a blank ceiling (not the plaster ceiling in most show houses). Then slowly imagine what you are going to put inside.

As for the loans, it is correct. You are paying interests during construction period. You only start paying your loans when you receive your key. You can always write to your financier to inform them that you want to pay a lump-sum for your principal instead of interests.
 

actually, the workmanship on the wall, ceiling, floor are all very bad ....

I think if I pour a gallon of water to my living hall, there will be a corner full of water for about 2 inches high... this is definitely unacceptable...

As for the interest, I just can't believe I've got myself into "working for bank". You got to calculate yours also :) It's crazy...
 

If the condition of your house is not satisfactory, you better report it to your developer. Also notify your lawyer so that they will hold the last 5% of your payment.

My interest rate is fixed for the entire tenure. It doesn't fluctuate.
 

We are given a defect form to fill in ... As for the 5%, it's already retained... they will not release until I sign the buy off agreement

Even it's fixed rate, the amount of interest we are paying is really crazy.. at the end of the repayment, we are all paying at least double of our loan amount ;)
 

Yes, you are right. We spend almost half of our lives paying loans. But then we wanted that home right? So...
 

This is why "financial planning" is important...

I'm not talking about managing our finance and be rich ...
Just knowing our capability and live within it ..

The term "financial planning" is overused and abuses by so many "finance profession" (insurance agent actually) ^_^