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Tag: flat

  • 4 Year Old Boy Found Dead At Bottom Of Yishun HDB Flat

    4 Year Old Boy Found Dead At Bottom Of Yishun HDB Flat

    The body of a four-year-old boy was found motionless in a pool of blood at the foot of Block 165, Yishun Ring Road, on Tuesday (Oct 6) morning by one of the residents in the block.

    Madam Lela V. was on her way to the market when she saw the body.

    The 58-year-old housewife recognised the child as her neighbour. His family had recently moved into the block.

    She said: “The family was very friendly and would say ‘Hi’ whenever we met in the lift or corridor.”

    The New Paper understands that the boy is believed to have fallen from a window of his family’s ninth-storey flat.

    It is not known if he was alone at home when he fell.

    A Singapore Civil Defence Force spokesman said they were alerted to the incident at 8.34am. The boy was pronounced dead by paramedics on arrival, he added.

    Police said they are investigating the case as an unnatural death.

     

    Source: www.tnp.sg

  • Family Escapes Fire Seconds Before Blast At Bukit Batok Flat

    Family Escapes Fire Seconds Before Blast At Bukit Batok Flat

    He was hungry after his night shift and wanted to eat some fries.

    After leaving a pan of oil to heat on the stove the man, who wanted to be known only as Mr Ali, stepped out of the kitchen and went to the living room to rest.

    The civil servant in his mid 20s dozed off and the next thing he knew, his stove was on fire.

    After his attempts to put out the growing fire failed, Mr Ali and his family fled the Bukit Batok HDB flat.

    Seconds later, they heard what sounded like a gas cylinder exploding.

    The fire happened just before 11.20am yesterday at Block 350, Bukit Batok Street 32.

    Twenty-seven other residents living on the first to fourth floors of the block were also evacuated.

    A man in his 20s was found with minor burn injuries but declined to be taken to hospital, said a spokesman for the Singapore Civil Defence Force.

     

    Source: www.tnp.sg

  • 5th Floor 5 Room Pinnacle@Duxton Flat Sold for $918,000

    5th Floor 5 Room Pinnacle@Duxton Flat Sold for $918,000

    SINGAPORE – A second Pinnacle@Duxton unit has been sold on the resale market.

    The five-room, 106 sq m flat on the fifth floor of the iconic Housing Board project at Tanjong Pagar went for $918,000 on Monday.

    A 43-year-old DWG agent who handled the transaction said the buyers, who paid fully in cash, are a local couple in their 60s and their daughter who are downgrading from a private property. The sellers are a local couple in their mid-40s, who live with their two young children.

    “The flat is on a very low floor, so the current owners were more realistic with the price,” said the agent, who declined to be named. “They bought the flat for under $400,000,so they are quite happy with the selling price.”

    This sale comes after the five-year minimum occupation period for most home owners at the project ended last month. Last week, The Straits Times reported that a four-room flat between the 34th and 36th storeys was sold for $900,000.

     

    Source: www.straitstimes.com

  • Refinancing Your Home Loan To Meet CPF Minimum Sum

    Refinancing Your Home Loan To Meet CPF Minimum Sum

    Home for Danny Tay is an HDB four-room flat in Simei that he and his wife Lynette bought for S$401,000. They’ve been living there for the last three-and-a-half years and it’s also home to their young children, Thaddeus and Judah.

    Like many Singaporeans, Danny initially took up an HDB Concessionary Loan, which had an interest rate of 2.6 per cent per annum. But when the 37-year-old engineer heard about the POSB HDB loan over a year ago, he felt he would be in a position to enjoy greater savings.

    An easy decision, thanks to lower interest rates

    He decided to refinance and signed up for the POSB HDB loan, as it offered him significantly lower interest rates.

    Said Danny: “In terms of interest per year, I am saving S$1,960, thanks to the reduced interest rate of 1.8 per cent per annum from 2.6 per cent per annum^.

    “I was attracted by the guaranteed interest rate of not more than 2.6 per cent per annum for the first 10 years of the loan.”

    For Danny, refinancing with the POSB HDB Loan was a straightforward decision.

    The lower interest rates mean that Danny’s monthly repayments were reduced greatly.

    He was able to reduce the tenure of his home loan from 30 to 20 years while paying a similar amount each month.

    “I kept part of the extra savings (from the reduced monthly payments) in my CPF account to help me meet the CPF minimum sum amount.”

    Doing so also allowed him to take advantage of the higher interest rates offered by the CPF Ordinary 
Account.

    Said Danny: “If I can save S$1,960 a year, I will be saving S$19,600 over the first 10 years of the loan^^. After 10 years, about half of my housing loan should be paid up.

    “Even in a worst-case scenario in which interest rates increase significantly after 10 years, my loan amount would still be reduced tremendously.”

    Too good to pass up

    Danny was so satisfied with the savings he’s enjoying that he has shared his story with his friends.

    “I’ve recommended the POSB HDB Loan to six friends and three have signed up so far. I am glad I took up the loan early to enjoy the benefits while interest rates were low.”

    This is the eighth story in a 10-part collab­oration between TODAY and POSB. Visit 
www.todayonline.com/voices/posb to read this story online.

    ^The HDB Concessionary Loan rate is 2.6 per cent per annum at the time of publication.

    ^^POSB HDB Loan interest rates are capped at prevailing CPF Ordinary Account (OA) 
rate which is at 2.5 per cent per annum at the time of publication. Details on CPF OA rate are available on the CPF Board website.

    Deposit Insurance Scheme

    Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.

     

    Source: www.todayonline.com