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  • Analysts: Higher Income Ceiling Will Have Minimal Impact On Property Market

    Analysts: Higher Income Ceiling Will Have Minimal Impact On Property Market

    A higher income ceiling for Build-to-Order (BTO) flats and executive condominiums (ECs) is likely to have minimal impact on the HDB resale and private property market, according to market watchers.

    National Development Minister Khaw Boon Wan had said in a radio interview on Tuesday (Jun 23) that changes to the income ceiling are likely to be made known in August. The income ceiling was last raised in 2011 by S$2,000 for both types of housing.

    Market watchers Channel NewsAsia spoke to said they expect the income ceiling for BTO flats and ECs to be raised by a similar amount later this year.

    The Government’s plans to increase the income ceiling for the purchase of BTO flats and ECs will divert some demand from the HDB resale and private property markets. Currently, households earning a gross income of more than S$10,000 cannot apply for new HDB flats, while those earning more than S$12,000 cannot buy ECs.

    However, market watchers said the impact is likely to be minimal, as HDB resale flats and private homes have their merits. Compared to BTO flats, there is a shorter waiting time for HDB resale homes which are mostly located in mature estates.

    One of the largest property firms in Singapore has described the move as timely, as more Singaporeans are settling down much later, and may be earning above the current limit when they apply for a BTO flat.

    The demand for new HDB flats has also cooled off compared to three years ago, said PropNex Realty’s CEO Ismail Gafoor. “Three years ago, the subscription rate was about four to five times and there was a long pent-up demand.”

    He added: “Today, the subscription rate is about 1.5 to two, which means most of the demand has been absorbed, and with this greater supply, opening up to a higher increment of the income ceiling is the right thing to do.”

    However, another analyst is surprised at the plans to raise the income ceiling, especially at a time where prices of HDB resale flats and private homes are falling.

    Colliers International’s director of research and advisory, Chia Siew Chuin, said: “We would expect the Government to raise the income ceiling over time to keep up with wages. However, perhaps certain conditions must exist first to justify the raising of the income ceiling.”

    “But as of now, I would say that the market is relatively more stable compared to before, and in fact prices are slowly, gradually moderating,” Ms Chia added.

    Speaking to reporters on Tuesday, Mr Khaw had said that he has received “some” requests from Singaporeans who exceeded the income limit, to apply for new HDB flats. Analysts added that public housing, as they are subsidised by the Government, should be reserved for those who really need it.

    As for the two-room Flexi scheme – a result of combining the studio apartment and two-room flat schemes – Mr Ismail said the plan signals a move towards more customisation for home buyers in Singapore, in which it is flexible and caters to needs of individuals based on their age and how much they want to pay for each unit.

     

    Source: www.channelnewsasia.com

  • SMRT: CEO’s Salary At Competitive And Responsible Level

    SMRT: CEO’s Salary At Competitive And Responsible Level

    SMRT Corp says the remuneration of its president and chief executive office, Desmond Kuek, “is benchmarked to peer companies” and that it “is competitive and at a responsible level.”

    Kuek
    Kuek

    Mr Kuek’s remuneration has been the target of criticisms since the company released its annual report on Monday.

    In it, Mr Kuek’s salary was reported to be in the range of between S$2.25 million and S$2.5 million.

    This is a multifold increase in just three years.

    The former chief of defence force was roped in to head SMRT in October 2012, where he is reported to have been paid S$611,000 for the first six months.

    With his new salary range, Mr Kuek is now the highest-paid SMRT CEO the company has ever employed.

    His predecessor, Saw Phaik Hwa, who quit amidst widespread unhappiness over service standards, was drawing S$1.85 million at the time.

    It was then a record pay scale in SMRT, which was in turn a hike over the previous record of S$1.67 million she received in 2010.

    The Straits Times reported on Thursday that Mr Kuek’s salary is also higher than his counterpart at rival transport group, ComfortDelgro, which is a “significantly larger company” compared to SMRT Corp.

    Mr Kua Hong Pak, the CEO of ComfortDelgro, was paid between S$1.75 million and S$2 million.

    The CEO of SBS Transit, Gan Huay Kiat, received much less than Mr Kuek.

    Mr Gan was paid between $500,000 to S$750,000.

    Tan
    Tan

    SMRT Corp director, Tan Ek Kia, told the Straits Times that Mr Kuek’s remuneration package was comparable to those of other “peer companies”.

    He also said that “the new CEO’s tasks were more daunting than before.”

    Mr Kuek had said in another interview earlier this week that SMRT has “made tremendous progress on many fronts” but that there “is much more to be done to improve rail reliability.”

    In December 2014, the TODAY newspaper reported that the number of major MRT delays had hit “a four-year high”.

     

    Source: www.theonlinecitizen.com

  • Postcard From China: In China, I’ve Never Felt More Singaporean

    Postcard From China: In China, I’ve Never Felt More Singaporean

    The Chinese are a proud people. Engage them in a conversation about Chinese identity and they’ll invariably point out a 5,000-year-old civilisation that is the only one to have survived the test of time. They’ll cite a long list of Chinese traditions and ancient arts as proof of this: tea ceremonies, calligraphy, penzai, silk embroidery, etc. They’ll tell you about family and roots, and the traditional values and morals that still influence much of Chinese behaviour and thought.

    Yet in the same breath, they’ll also boast about the futuristic skyline of Shanghai and glorify the metropolises that house megamalls and other ambitious developments. They’re eager—almost desperate—for you to see how much China has progressed in the last few decades. “Many laowais (foreigners) are shocked when they see China for the first time,” sniffed one of my Chinese friends rather dismissively. She added: “But what did they think China was? Old farming villages? We have as many tall buildings as they do.”

    The irony is that while the Chinese take their identity from old traditions and cultures, they seem to take greater pride in being viewed as modern and cosmopolitan. And at huge odds against what they perceive as being essential to their Chinese identity, the Chinese often covet what is foreign, from cars to electronics, imported foods and even people.

    On Taobao, a popular online shopping website, you can rent a foreigner for various purposes, whether it’s to model at a company event or simply to turn up at a nightclub. A business is more successful and a bar or club is cooler when there is a large proportion of foreign patrons. In this context, however, “foreign” is code for “only white people,” and it’s racist, of course. But the intention is less malicious than pragmatic and the rationale is simple: white people are easily identified as being foreign, and foreign anything makes everything better.

    Despite their “5,000 years of civilisation,” the Chinese remain terribly insecure about their identity, which a Chinese friend describes as a constant struggle between tradition and progress. This is made worse by the sting felt by many Chinese when their country and culture are misunderstood by the rest of the world. It’s something that Singapore experiences as well, and China’s insecurities mirror those felt by Singapore.

    I’ve never been a particularly patriotic Singaporean. I was never someone who’d display the flag when August drew near, or join the ballot for tickets to the National Day Parade. I never took much interest in the celebrations and rituals associated with nation building and national pride. Superficial and meaningless, I thought.

    To be honest, Singapore was like a pair of old jeans I’d worn all my life. It was the only pair I owned, and thus the only pair that knew me well enough to fit the expanding curves of my hips. Oh sure, it was grubby and a bit boring, and occasionally I lusted for fancier foreign brands. But this pair of jeans was the only one I had, and stylish or not, it was the only pair I put on every time.

    Like this old pair of jeans, I never gave Singapore much thought. I never had much urge to search for a deeper interpretation of what it meant to be Singaporean. Singapore was Singapore. It happened to be where I was born and nothing more.

    But then two years ago, I moved to China—Suzhou to be specific—and for the first time, had to live in a place I didn’t belong. Even on the surface, there were things I had to get used to, such as having to communicate in Chinese, a language I learnt in school but in which I was only vaguely conversant. On a deeper level, the Chinese people behaved in ways that I sometimes found quite hard to fathom. Their aspirations may have been familiar, but their means and motivations were quite different.

    Yet I am ethnic Chinese, and look and speak the part. Locals assumed I was one of them, and unlike my German husband who is clearly foreign, I was never treated with the same kids’ gloves. Taxi drivers chuckled at my husband’s attempts to speak in Mandarin, but they barked impatiently at me when I mispronounced the name of my destination. Store vendors flashed toothy grins at my husband and offered free samplings of seasonal local produce. I, of course, was summarily dismissed and ignored.

    Within the expat community, the same confusion produced similar results. People would nod and smile at me, but they pointedly avoided making conversation because they assumed I didn’t speak English. A work contact concluded that I was mainland Chinese from the surname on my email address. He replied: “Your English is very, very good. Well done!” As a mainland Chinese person who’d learnt English as a second language, I might have taken this as a compliment. However, as a Singaporean whose first language was English, and who made a living writing and editing in this language, it was painfully patronising.

    There were other things that annoyed me. People assumed I knew China intimately by sheer virtue of our shared ethnicity. I was often asked to explain China’s idiosyncrasies; sometimes, I was even consulted for road directions. It seemed as if no one truly believed that China was as foreign to me as it was to them. I don’t think it was accurate to say they didn’t know that Singapore and China were separate either. They knew, but on a subconscious level, they simply couldn’t process and understand it.

    My move to China had rendered me a non-entity; I was neither Chinese nor foreign, and for that fact, I’d simply failed to exist. And all of a sudden, my Singaporean identity became more important to me than it had ever been before.

    It made me terribly insecure. Because as much as I wanted to shout it out to the people around, it was hard to explain the idea of a Singaporean. Only 50 years young, we have no obvious cultural symbols. We are a diverse people crammed into a small space. There is no homogeneity and no long history. We are Asian, yet our thinking and perspectives are arguably more “Western” than the rest of our neighbours.

    It frustrated me that I couldn’t articulate succinctly enough what it meant to be Singaporean. A simple question on whether we ate with chopsticks back home in Singapore sent me into a long spiel about our cuisines, our mix of cultures, and our colourful and varied cooking methods. I saw my friend’s eyes glaze over. He’d expected no more than a one-sentence answer, yet I’d turned it into a minor thesis of sorts.

    But the Singapore identity is so multilayered and complex that it is virtually impossible to explain in a few words. This complexity makes it hard to understand, and being hard to understand makes us insecure. Why else would we react to Anton Casey and Ello Ed Mundsel Bello the way we did? Our screaming fits and tantrums say much more about us than a few unpleasant comments made by a couple of disgruntled foreigners.

    It took moving away from Singapore to get me thinking about identity issues and how my country of birth has shaped the person that I am. In trying to explain who we are, I still feel the sting of insecurity and the frustration of being misunderstood. The Americans have “freedom,” the British have Shakespeare. The French and the Germans have croissants and brotchen, but the world has yet to discover kaya toast and eggs. And even if they did, I’m willing to bet our neighbours are likely to contest the claims that these belong to us alone.

    One can argue that we now have the Marina Bay Sands and Gardens by the Bay as famous landmarks to call our own. But my heart tells me that this is not authentic. Because the Singapore I know is about the kopitiamauntie who slops soup into my noodle bowl and says, “careful ah very hot later you burn yourself.” It’s about the taxi uncle who’ll shoo me into his air-conditioned taxi when I try to help him heave my luggage into the boot because “outside very hot. You now sweat already go inside the plane very jialat one.”

    Happy Birthday, Singapore. On your 50th anniversary, I wish you courage and confidence. Our search for a strong identity is one that will inevitably be fraught with insecurity and frustration. And our attempt to find ourselves will result in the shiny artefacts that now claim our city centre. But what makes you so much a part of me, Singapore, are the smaller, intangible things that make me think of home. And until I left, Singapore, I never realised how much you meant to me.

    The writer is a freelance writer and editor based in Suzhou, China. (Editor’s note: Apologies! We said wrongly at first that the writer was based in Shenzhen. She is based in Suzhou)

     

    Source: http://themiddleground.sg

  • Muslim Women In Pahang Dressed Indecently During Ramadan Face Possible 1 Year Jail Term

    Muslim Women In Pahang Dressed Indecently During Ramadan Face Possible 1 Year Jail Term

    KUANTAN – Muslim women in the state who fail to adhere to a “decent” dress code during the month of Ramadan can end up in jail for a year or fined up to RM2,000, a local English daily reports.

    Pahang Islamic Religious Department (JAIP) head of investigation Mohd Anis Azmi said that checks done at a few local Ramadan bazaars have shown that many Muslim women were clad in dresses that were “too short or tight”, something he considers as “inappropriately dressed”.

    “They should refrain from wearing revealing dresses in respect of the holy month,” Anis was quoted saying.

    “This is a warning for the public before we start our operations against the offenders soon. JAIP cannot set a benchmark on what is decent attire, as what is decent to me may not be considered so to others,” he added.

    “We also cannot be telling them what they should wear, but a rule of thumb is to dress decently even if you are only out to buy food in a Ramadan bazaar,” Anis explained further.

    He revealed that once caught and deemed improperly dressed by the religious authority, the women will be counselled, and repeat offenders could face imprisonment or a fine.

     

    Source: http://malaysiandigest.com

  • Three Myanmar Men Charged With Conspiring To Kill Own Citizen In Singapore

    Three Myanmar Men Charged With Conspiring To Kill Own Citizen In Singapore

    Three Myanmar men were charged on Wednesday with conspiring to murder a fellow national in Singapore with a gruesome collection of instruments including a chainsaw, a meat mincer, a cleaver and a chopping board.

    Myanmar nationals Yae Wynnt Oaung, 32, Phyo Min Naing, 31, as well as Singapore permanent resident Zaw Min Hlaing, 37, were charged in a district court with plotting to murder another Singapore permanent resident, Aye Maung Maung Thet, 28.

    A fourth suspect, 29-year-old Myanmar national Win Kyaw Kyaw Aung, left Singapore on Monday morning, police said.

    The offence is punishable by up to 14 years in jail plus a fine.

    The four men attempted to abduct Aye Maung Maung Thet at a suburban carpark on Sunday evening, with two of them assaulting him with a taser, an electrical device designed to stun and disable a person, court documents said.

    The men fled when the victim’s cries for help attracted the attention of passers-by.

    They were arrested the following day, two of them at a rented seaside chalet in Singapore’s eastern region.

    “Items such as a meat mincer, chainsaw, kitchen knives, gas cooker, gas cylinder tank, a tool set, trolley bags, plastic sheets, cable ties, cleaver, aprons, chopping board and rubber boots were also recovered from the chalet and seized as case exhibits,” the police said.

    In court on Wednesday, the three men, dressed in civilian attire and handcuffed, appeared sombre as the charges were read to them in Burmese, the Myanmar national language, by an interpreter.

    No pleas were entered. They were ordered remanded in police custody for one week to assist in investigations.

    The case follows a spate of murder cases in neighbouring Malaysia last year involving Myanmar nationals, mostly in the northern state of Penang. In some cases, victims were decapitated or had some of their body parts severed.

    Malaysian police have said they believed the attacks are related to violent clashes in Myanmar between members of the Buddhist majority and its population of Rohingya, a Muslim minority.

    But the motive for the botched murder plot in Singapore has not been disclosed.

    Gruesome murders are rare in Singapore, a densely populated island of 5.5 million, 40 percent of them foreigners.

     

    Source: https://sg.news.yahoo.com

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