Tag Archives: KHAW BOON WAN

HDB: THANKS TO MINISTER KHAW, NEW BTO FLATS ARE MORE AFFORDABLE NOW

NEW Housing Board flats have become more affordable relative to applicants' household incomes, compared with last year's figures. But while the gap is closing, they have yet to reach the target that National Development Minister Khaw Boon Wan set last year of having new flats priced at about four times the applicants' median income. When he set that target last year, the price ratio was about 5.5 times annual salary. Now, it is lower for all flat sizes.

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SEMBAWANG GRC WILL BE CARVED INTO SMALLER PIECES?

Three new PAP activists have appeared frequently in Sembawang GRC's grassroot activities leading to speculations that they may be potential new candidates for the upcoming General Elections that has to be held by January 2017. They are former NTUC deputy secretary general Ong Ye Kung, lawyer Amrin Amin and deputy CEO of Hai Leck Holdings Cheng Li Hui.

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PROPERTY AGENTS BECOMING TAXI DRIVERS, HAWKERS

Dennis Wee Realty agent Aaron Lin said he has seen older agents turn to multi-level marketing or driving a taxi. Alternative jobs beckon in the food and beverage as well as spa industries. Agents are also turning to forex trading, holding investment seminars and even setting up economy rice stalls.

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BEWARE OF UNITED ARTS DESIGN

Please be aware of UNITED ARTS DESIGN - DAVID SIM THIAM HENG - Last known number he used 90695756 or 93223865 He monopolize on your excitement for the new renovation in your new house. He will "agree" to your many requirements to excite you. He will keep boosting that he is under BCA licensed builders and taking up a HDB house is a small matter and he will "help" you out. He will then keep asking you for money to help him out like a friend in need but he will not deliver many items as promised be it on schedule or not. He uses POSB account number 186-65409-9.

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STAGGERED DOWNPAYMENT FOR NEW HDB FLATS STARTING FROM SEPTEMBER BTO EXERCISE

Existing Housing Board flat owners who buy a new two- or three-room flat in a non-mature estate can now choose to pay only half the required downpayment upfront, and the rest later. This staggered downpayment takes effect from the September Build-to-Order exercise, which began on Wednesday. For those who are not taking a bank loan, or who are taking an HDB loan, they need to pay only 5 per cent in downpayment when they sign the Agreement for Lease, instead of the current 10 per cent. For those taking loans from financial institutions, they need to pay only 10 per cent upfront, instead of the current 20 per cent.

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ACTION MUST BE TAKEN TO CURB OVERCHARGING IN HEALTHCARE

The first incision was made by Dr Tang Kok Foo in a letter published last month, and his words were so cutting that his instrument of choice appeared more chopper than surgeon's scalpel. He wrote: "I am amazed at how expensive it has become to be treated by doctors in private practice over the past five years. The surgical fee for simple lumbar disc surgery has shot up from $5,000 to as high as $25,000, even when performed by junior doctors.

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INVENTOR CHALLENGES HDB IN COURT ENDED UP $160,000 POORER

A local inventor who alleged that the Housing Board had infringed his patent for an external clothes drying rack has lost his lawsuit. The High Court on Wednesday found that the HDB has not infringed the patent of Mr Yiap Hang Boon, 54. In particular, the court found that HDB's rack does not act as a safety rail to prevent a person from falling when drying clothes, which is one of the main elements of Mr Yiap's patent.

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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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GOVT LOOKING AT FLEXIBLE OPTIONS FOR LEASE BUYBACK

ELDERLY flat owners who opt for the Lease Buyback Scheme may be given the option to retain more or fewer years on their flat's lease, in a bid to make the scheme more flexible. Minister for National Development Khaw Boon Wan said this yesterday during a post-National Day Rally dialogue for youth in Sembawang GRC, adding that his ministry is set to announce changes to the scheme this week.

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