Tag Archives: MND

PROPERTY AGENT: “WE DON’T HAVE STABLE INCOME EVEN IN GOOD MARKETS AND NOW, IT’S EVEN WORSE.”

Agents often outnumbered viewers at showflats. In one case, there were at least 15 agents in attendance but only two families turned up over one hour. At another, 20 agents stood around with only a family of five at the showflat in over an hour. Mr Ng said he has encountered buyers who want multiple viewings at showflats without real intentions to commit. Another agent, Ms Loh, said: "Agents don't have a stable income even in good markets and now, it's even worse for us."

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DEAR HDB: IF THE RESALE PROCEDURE ISN’T BROKEN, DON’T FIX IT!

HDB’s resale procedure change could wash away hopes of buyers and sellers to get a fair deal. Instead of buyers and sellers negotiating a price that benefits both parties, HDB has changed the resale process into a game of chance. Now, either the seller benefits from a low HDB valuation/high sale price, or the buyer benefits from a high HDB valuation/low sale price. There is no middle ground.

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DAVE YAP: Higher S&CC must be justified by services provided

I am disappointed with the reasons for increasing service and conservancy charges: A spike in electricity tariffs, higher spending on lift maintenance and other operational costs.Every resident is affected by the higher cost of utilities, but where do we find recourse? We are always at the mercy of town councils as our sole service provider.Higher fees must be justified by the services provided.

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TREKKING ALONG THE CHOO-CHOO CORRIDOR

All in all, it was an interesting walk and a new perspective from the railway tracks. Those who are planning on making this walk, please wear robust hiking shoes! The tortuous pounding of trekking on the hard gravel has taken a toll on many poor hikers' shoes. BG Tan made an amusing comment about the number of "lost soles" that he saw along the track. And for those of you who have yet to experience this corridor of nature and history, be quick, before the railway tracks are removed.

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HDB FLATS GETTING CHEAPER?

The median cash-over-valuation (COV) for Housing and Development Board (HDB) resale flats fell to S$3,000 in January, matching the previous low in June 2009 during the global financial crisis. According to data from the Singapore Real Estate Exchange (SRX), the median COV sank to S$3,000 last month from S$5,000 in December.

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Khaw: We had to issue summons

With the Lunar New Year approaching, shops in HDB heartlands have come abuzz as residents patronise them to stock up for family gatherings. Shopkeepers would display their goods along public pathways to pull in the crowd. HDB and the local town councils have supported this by designating spaces for the Outdoor Display Areas (ODA) marked by yellow boxes.

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Resale private home prices fall for 4th month

Prices of resale private homes fell for a fourth month in December as prices weakened by a further 0.2 per cent, according to the latest data today (Jan 13) from the Singapore Real Estate Exchange (SRX) which compiles data from property agencies in Singapore

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PAP’s Executive Condo Cooling Measures Destroy Hopes of Buyers

Another government agency has taken their turn to implement new cooling measures. The Ministry of National Development (MND) announced yesterday that they are introducing three new measures to better align the Executive Condominium (EC) Scheme with other public housing. And what a smack down it is. Here, we take a look at them and why the dream of owning an EC may have faded for many:

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