Tag Archives: HOUSING

DIFFICULT TO UNTANGLE LEGAL ARRANGEMENTS WHEN FAMILY TIES BREAK DOWN

Two cases at my MPS last night caught my attention. The first concerned a resident whose husband died a few years ago and, upon her friend's advise, she included the name of her unemployed son as the joint owner although the flat was already fully paid for. She now wants to remove his name because he is abusive and stopped her other children from visiting her. But it's not so simple because she had made him the joint owner. In a second case, a resident felt cheated because his brother had persuaded him to transfer their deceased father's flat to him but now that the resident is ill and wanted his share back, his brother refused. He claimed that he was cheated by his brother and the agent. Both are sad stories but both transactions were carried out legally and cannot be unscrambled just because that's what the aggrieved party wanted. The point to note is that even when family relationships are involved, it is always wise to think carefully and consult widely first on the implications before signing anything. One cannot always assume that because there is a family relationship involved, people will honour their obligations. Often, such transactions are the most difficult to untangle.

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PASIR RIS ONE RESIDENT COMPLAINS HDB DBSS FLAT IS SMALLER THAN SHOEBOX

An angry resident, who recently bought a 4-room condominium at the much touted Pasir Ris One Design Build and Sell Scheme (DBSS) estate, was shocked when she first received the keys to her apartment. Despite all the media hype surrounding the Pasir Ris One project, she was disappointed to find that the rooms in her 4-room apartment were smaller than "shoeboxes".

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MORE PUBLIC HOUSING INCENTIVES MAY HURT POCKETS OF PRIVATE DEVELOPERS

Singapore wants to make public housing more affordable ahead of elections. That’s creating another headache for developers already under pressure from plunging sales and home prices. Developers are already grappling with falling prices and lower sales after the government began introducing residential curbs in 2009 as low interest rates and demand from foreign buyers raised concerns that the property market was overheating.

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ANALYSIS: THE TRUE COST OF LIVING IN SINGAPORE ISN’T THAT HIGH AFTERALL

So very often, repeatedly I hear people complaining about how expensive property is, or how expensive our cars are. It is true that our the ultimate quantum of our property is very expensive here, but so very often, people forgot to factor other things like interest rates, appreciation, education, child care, etc, which more accurately reflects the true cost of living.

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HIGH PROPERTY PRICES ARE NOT A BAD THING

Government shouldn’t penalise those Singaporeans who “have it”! Singaporeans are more than a group of dissenters. Singapore is more than the social media. The government should be focusing on interests of Singaporeans at large, not a small group of people. Frankly speaking any country bound to have some dissenters and this group usually form a tiny percentage and they will never satisfy whatever the government do.

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KHAW BOON WAN: I WILL NOT ALLOW S’PORE’S HOUSING MARKET TO CRASH

National Development Minister Khaw Boon Wan on Tuesday (Mar 10) reiterated that Singapore wants to see a "soft landing" for its housing market. 2014 was the first full year that home prices fell after several years of increase, amid Government measures to cool the property market. HDB resale flat prices slipped by six per cent, while private homes saw a four per cent decline.

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DONALD LOW: S’PORE GOVT’S HOUSING POLICIES HAVE LOST ITS TRUE PURPOSE

Donald Low, the associate dean for research and executive education at the Lee Kuan Yew School of Public Policy wrote an article which was published on the Straits Times on Monday (‘Rethink house price policies’, 17 Nov). In the article, he criticised the government for its misguided home ownership policy of fusing the goal of home ownership with that of asset appreciation.

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DEVELOPER CDL: PROPERTY CURBS MAY FORCE S’POREANS TO FIRE SALE THEIR PRIVATE HOUSES

Singapore’s housing market may face “fire sales” with mortgage defaults as the government’s property curbs hurt home sales and prices, the city-state’s second-biggest developer said. City Developments Ltd. (CIT), which built luxury condominiums such as St. Regis Residences near the Orchard Road shopping belt, said the high-end market in particular remains subdued, with developers holding back the sale of new projects. Rents, especially for high-end homes, are on the decline, it added.

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HDB resale prices slide for seventh straight month

HDB market continued its slump, with prices falling for the seventh straight month in August. Further falls are expected, especially with demand being shackled by property cooling measures, even as new flats continue to enter the market. The slide is nowhere near its end and will continue till the end of next year before things pick up, said analysts.

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