Bank managers have quota to meet.
I don't understand how pple can buy a "premium class" HDB with 8k household income.. Assuming they buy it at 600k on average and say borrow 480k..the interest cost would be easily 200k over 25yr loan...the freakin banks will not hesitate to whack you with legal letters if you do not keep up with mortgage payments...fuckin banks are like vultures and will not hestitate to exterminate you if opportunity presents itself...i was fucked by a local bank over a mortgage refinancing 10 yrs old because i was not financially knowledgeable about such matters.