MAH BOW TAN

EX-MND MINISTER MAH BOW TAN STEPPING DOWN FROM POLITICS

Former Minister for National Development Mah Bow Tan confirmed that he will be stepping down and will not be running in the coming general election. As housing shortages became a major bugbear for the ruling party during GE2011, Mah was stripped of his Ministerial position and replaced by current MND Minister Khaw Boon Wan.

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Is it true that HDB does not help home owners who are facing financial difficulty?

HDB recognises that flat owners in financial difficulties usually face various problems, beyond housing alone. In addition to providing these measures, we also work with other government agencies, Community Development Councils, Voluntary Welfare Organisations, and Family Services Centres to help tackle their problems holistically. Housing counsellors, who are trained to provide financial counselling to household in arrears, are also deployed at all HDB Branches.

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YOUR HDB FLAT, YOUR HOME, YOUR ASSET???

I find that HDB all this while have not been doing what they have been advertising. I am a middle income earner, earning a moderate income of $1.8k per month for the past few years. I have been applying for a flat from HDB for numerous times and yet have not got any. Surprisingly, the first time I submitted my HLE, it came back with a 90k loan which is seriously low.

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HDB resale prices fall 1.3% in Q4

In the latest flash estimates released by the Housing and Development Board (HDB) yesterday, the Resale Price Index (RPI) fell 1.3 per cent to 202.1 for the final quarter of last year. Previously, it had fallen 0.9 per cent from a record high of 206.6 in the second quarter of last year.

The 1.3 per cent fall was the RPI’s sharpest decline since the second quarter of 2005, when the index fell 4.8 per cent to 101.6 due to anti-cash-back measures aimed at stopping buyers and sellers from inflating prices to facilitate higher loans.

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