Singapore – My Country, My Home

Note, this is meant to be a Singaporean confession, so as professional as it can be, a lot of Singlish is injected into my musings.

Remember the times when history classes in Secondary School was a chore with a huge thick purple textbook talking about pre-Singapore throughout the Malayan history through World War 2 and finally independence of the country. And I was in shorts then still singing ‘Majulah Singapura’ every morning in the basketball courts of my school every morning. The 50 cents bee hoon with curry sauce from the canteen aunty and the 30 cents grass jelly drink (sorry, but I don’t know how much canteen food costs now lol) always perks up my recess even though the teachers could be relentlessly boring in the class, scaring us with homework and assignments.

How much Singapore has transformed so far since then!

The Transformations, as far as I could remember..

The transport system has came under fire by many since it gets congested very easily these days. I would reckon that the population is really growing but do you remember there were the only two color routes namely the Red and the Green line? Now with so many short cuts that you could take, it starts to become as confusing as when you are in Japan taking their train. Before EZ-link, I remember there was these tickets that could bend like Beckham (silver thin cards, was it red for students? and purple for seniors?). Continue reading “Singapore – My Country, My Home”

5 Reasons Why You Should Visit a Landed Exhibition

Landed properties have been in focus after the cooling measures was introduced by the government this year. Since the measures, landed transactions has been picking up tremendously, with local investors seeking alternative channel as oppose to strata condominium area. There are many reasons to believe as well that the investors felt that there’s a disparity in terms of value between strata space and land prices. With such a strict supply of houses in Singapore, where could we empower ourselves to know more about this niche segment in the robust Singapore real estate market?

Getting Great Deals

As a prospective buyer or investor, you would be having houses ranging from inter terraces to detached houses available island-wide displayed right in front of you. You would be able to tell the price difference in different districts and tell whether you would be getting yourself a good deal.

Again depending on the landed exhibit, you might already have star buys identified for your easy reference.
Continue reading “5 Reasons Why You Should Visit a Landed Exhibition”

HDB Steps Up Enforcement Against Illegal Subletting & Revises PR Subletting Rules

HDB Steps up against illegal subletting by enforcing more checks and placed the heartlanders’ concerns with regards to Permanent Residents monetizing public housing.

HDB flats are primarily meant for owner occupation. Those who wish to sublet their flats must meet the Minimum Occupation Period (MOP) and obtain HDB’s approval before they can do so. This rule applies to both Singapore Citizens (SCs) and Singapore Permanent Residents (SPRs).

Enforcement Actions Taken Against Unauthorised Subletting

2In 2011, HDB carried out 7,000 flat inspections and took action against 56 flat owners for unauthorised subletting. Of these, HDB has initiated compulsory acquisition action against 18 flat owners for blatantly infringing subletting rules. (See Annex A (PDF 22KB) for details of 3 cases where HDB has initiated compulsory acquisition actions as the flat owners have blatantly abused the public housing system and flouted HDB rules.)

Revised Subletting Rules for Singapore Permanent Residents (SPRs)

HDB reviews policies and rules regularly to keep them relevant. As part of ongoing reviews, the rules for subletting by flat owners who are SPRs will be revised with effect from 11 Jul 2012.

[block type=”alert”]Read the full Official Press Release from HDB[/block]

It just shows how flexible can they be when it comes to tweaking the rulings to curb with certain issues. These are measures definitely to appease the citizens to prevent possible abuse of monetizing public housing for rental income.

But of course, people who are illegally subletting their flats now should be wary.

Invitation to a Singapore Landed Property Exhibition

You are cordially invited to attend our Singapore Landed Property Exhibition with more than 100+ local landed homes to choose from.

One of Our Featured Landed Listing in the Exhibition

Venue

37 Jalan Pemimpin, Clarus Centre #01-02A
Singapore 577177

Date and Time

14th of July 2012 (Saturday)
From 10am till 5pm

Schedule Breakdown

12.00pm – 12.30pm – Landed Home Star Buys (Partner Bruce Lye)
1.00pm – 1.30pm – Knowing your Financing Options (HSBC)
2.00pm – 2.30pm – Architectural Services (B&E Group)
3.00pm – 3.30pm – Legal Proceedings on buying Landed Properties & Construction/ A&A Works (Anthony Law)

Continue reading “Invitation to a Singapore Landed Property Exhibition”

FLO Residence – Punggol Field Pre Launch

Some design perspectives of the new project FLO Residence is out,

Artiste Impressions of FLO Residence

For those who are not familiar with ADDP Architect, they are the ones responsible for Grand Duchess at St Patrick’s, NIN Residence, Natura Loft, Parc Emily and many more award winning residential enclaves.

ZACD & Capital Development are the joint developers for FLO Residence; Both are not new to the local residential market and have extensive experiences in both building and planning in creating lifestyle homes.
Continue reading “FLO Residence – Punggol Field Pre Launch”

New URA Housing Development Rules

With effect from 18th April 2012, the new Housing Development Rules changes in the Housing Development Act (HDA) kicks in for greater transparency for the consumers when purchasing a brand new home from the primary sale market. Extracted from URA, these are among the key changes:-

1. Mandatory information to intending home-buyers

Developers will have to provide more information on the housing project and property to home-buyers before the issue of the Option-to-Purchase. The information to be provided would include a drawn-to-scale location plan and site plan of the project, unit floor plan and a breakdown of a unit’s floor area by the various spaces such as bedrooms, balconies and bay windows.


2. Track record of developers

Developers will have to provide information on at least one completed project they had built to home-buyers before the issue of the Option-to-Purchase.

3. Home-buyers’ consent for changes to a housing unit

Developers will have to obtain the home-buyer’s consent for changes in a unit that would affect the home-buyer, e.g. changes to the layout of the unit.

4. Extend controls on advertisements to those on websites

Existing controls on advertisements in newspapers and sales brochures will be extended to advertisements on websites. Similar to advertisements in newspapers and sales brochures, advertisements on websites must not contain any false or misleading information.

This definitely gives a whole new level of transparency to home buyers (especially the first timers), and they would expect what they see is what they mostly will get (minus off the interior design treatment).

Thumbs up.

EDB to Scrape Financial Investor Scheme?

Economic Development Board Singapore to scrape off FIS?

I would not think that should affect too much on the property market since they account for less than 1% of the property transactions in Singapore, but MAS has mentioned it will scrap off the Financial Investor Scheme (FIS) from the Global Investor Program soon.

Under the GIP scheme, the foreigner has to invest S$2.5 million in a new company in Singapore or expand an existing business that has an annual turnover of at least S$30 million.

EDB said the details of the changes will be available on the Contact Singapore website next Sunday.

The GIP, along with the Monetary Authority of Singapore’s Financial Investor Scheme are seen as quick ways for wealthy foreigners to obtain permanent resident status in Singapore.

Details on Channel News Asia.

FLO Residence Details and VVIP Invites

FLO Residence Condominium at Punggol Field

Here are the breakdown on why FLO Residence in Punggol Field might spark your interest,

Central Location in Punggol

  • Next to Coral Edge LRT (5 min to Punggol MRT)
  • 3 stops to Punggol MRT and new Mega Shopping Mall (Waterway Point)
  • Next to Punggol Riverwalk(Waterfront & Boardwalk)
  • Next to Punggol Plaza, Next to Punggol 21 CC & @ Punggol (Riverside F&B restaurants)
  • Short walk away to many recreational activities @ Punggol including Golf Driving Range, Futsal, Seafood & Fast Food Restaurants
  • 10 minutes drive to Nex Mall
  • 20 minutes drive to Town via KPE and the upcoming Marina Coastal Expressway
  • Next to upcoming International School

Continue reading “FLO Residence Details and VVIP Invites”