For about a year, he lived with me and my family in our five-room Housing Development Board flat in Holland Village. Housing Development Board flats are public housing, and they're home to about 80% of the country's resident population. The seller's agent told us the Housing Development Board valuation was SG$430,000, and we ended up making an offer of SG$445,000, which was accepted. After the down payment, most people either take a Housing Development Board loan or a bank loan to finance their homes. The Housing Development Board interest rate is fairly stable and has stayed at 2.6% a year for a few years now, though the Housing Development Board acknowledges that it may be adjusted over the year.

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Persons: Vanessa Tai, —, They're, hadn't, It's, we're, it's, We're Organizations: Service, Board, Housing, Google, Central Provident Fund Locations: Europe, Singapore, Croatia, Holland Village, Holland, Sengkang, we're