Tag: HDB

  • Ever Wondered What A Jumbo Flat Looks Like?

    Ever Wondered What A Jumbo Flat Looks Like?

    He describes his home as a “halfway house” for family members who are in need.

    His parents stayed with him for about seven years after his mother had a knee operation, before moving back to their own flat.

    Now, his 53-year-old sister, who is currently waiting for her new flat, has moved in with her two children.

    Together with Mr Ramdzan Minhat, 51, his wife, three children and a maid, nine people live in this jumbo executive flat at Woodlands Avenue 1.

    In the early 1990s, HDB converted hundreds of unsold new flats in Woodlands and Yishun into jumbo flats by knocking down the walls of two adjoining flats.

    A total of 395 jumbo executive apartments in Yishun and 90 units of seven-room HDB flats in Woodlands were offered to the public back then.

    Mr Ramdzan’s home is made up of a four-room unit and a three-room unit. It has a combined space of about 1,700 sq ftwith four bedrooms and three halls – the living, dining and family rooms.

    Mr Ramdzan, who runs a jewellery business, says: “The family hall is like the games centre, where the kids play with their PlayStation and Wii.

    “It is also my work area because I work from home most of the time.”

    WATCH: Exploring a jumbo flat

     

    Mr Ramdzan bought the resale flat about 16 years ago for $433,000, a drop from its previous market value of about $600,000.

    He had cashed out from the sale of his first home – a four-room flat at Woodlands Avenue 9 – before the property market crashed.

    A similar jumbo unit now goes for $699,000, based on listings on STProperty.

    Mr Ramdzan, who has always like big spaces, says the flat was already combined into a jumbo unit when he bought it.

    And all that extra space is perfect for entertaining guests and accommodating his extended family.

    Mr Ramdzan, who has five siblings, says: “We do a lot of entertaining. We host our family and friends at least twice a month. There’s easily eight to ten of them, excluding us.”

    During Hari Raya Aidilfitri, the number of guests can easily swell to 30.

    Every week, the extended family also gathers for religious or Arabic language classes at his home.

    When he hired interior architect firm M3 Studio to give the flat a makeover last November, he wanted a Mediterranean theme.

    He used Mediterranean tiles for the kitchen backsplash and tiles with bolder patterns and colours for the walls of the two toilets, each of which has a dry and wet area.

    He says: “We have two entrances, so that two persons can use them at the same time. There’s also a stool in the toilet where my elderly parents can sit while they shower.”

    CUSTOM-MADE

    Mr Ramdzan even designed his own furniture and got a manufacturer to make them to his liking.

    His favourites are the rattan furniture in the living room and the ‘smoking corner’ along the corridor, which is part of the flat.

    He says: “It is sturdy and the look is classic. I can always refurbish it and change the fabric. It is also easy to clean. I just use a blower to blow away the dust.”

    When he moved in about 15 years ago, he and his children got their hands dirty decorating the feature walls of the dining and living rooms.

    He says: “We used our hands and fingers to make prints and marks.”

    He has also brought back many souvenirs from his overseas work trips, such as an old leather suitcase from Germany and a piece of driftwood from Batam that cost close to $1,000. He displays it in the family room.

    He says: “Our home is like a retreat.”

     

    Source: www.tnp.sg

  • Analysts: BTO Flats At Bidadari To Come At A Premium

    Analysts: BTO Flats At Bidadari To Come At A Premium

    A total of 2,150 new flats in Bidadari estate will soon be launched for sale under the HDB’s next Build-to-Order (BTO) exercise, expected by the end of September. The BTO flats will comprise two- to five-room units.

    This will be the first batch of HDB flats on offer in the new estate and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius.

    The area, which was once a cemetery, will eventually house about 10,000 residential units in the new Bidadari estate, as well as community malls, a 10-hectare park and a lake. The estate will be served by two MRT stations – Woodleigh and Potong Pasir – on the North East Line.

    According to property watchers, the Bidadari units will come at a premium, largely due to the city-fringe location.

    Said ERA Realty’s key executive officer Eugene Lim: “The nearest recent BTO in the vicinity was St George around the Boon Keng MRT station, which is just one stop away from Potong Pasir, where Bidadari is next to.

    “That was in September last year and the flats back then were launched, from S$328,000 for a three-room flat, and for a four-room flat, it started from about S$459,000. So we would expect pricing for the flats in Bidadari to be in the range of, for a three-room flat, S$300,000 to S$350,000, while for a four-room flat, S$400,000 to S$450,000. As for the larger five-room flats, (it is expected) to be around S$600,000.”

    Despite its history as a cemetery, and the possibility of a funeral parlour in the vicinity, analysts said they are expecting a strong demand for the Bidadari project. These flats will also be offered under the first BTO exercise launched after the income cap was raised to S$12,000.

    CEO of Century 21 Ku Swee Yong, said: “That gives us a fresh group of applicants who previously were not allowed to apply for BTOs. So on the demand side, the tap has been opened a little bit. If we were to draw the comparison with Bishan, which used to be a significantly-sized cemetery, Bishan currently has resale prices that are almost the top in Singapore.”

    HDB said there are plans to relocate the niches at the Mount Vernon Columbarium, currently located within the Bidadari estate.

     

    Source: www.channelnewsasia.com

  • Toa Payoh Flat Fetches $955,000

    Toa Payoh Flat Fetches $955,000

    A 5-room HDB resale flat in Toa Payoh recently changed hands for $955,000 a figure that is comparable to the high resale flat prices at The Pinnacle@Duxton, reported My Paper.

    The sale also stood out as it happened near the Ghost Month, which is usually a quiet period for the property market.

    Measuring 124 sqm, the 14-year-old flat is located at Block 154 in Toa Payoh Lorong 2, between the 22nd and 24th storeys, showed HDB data.

    In July 2007, a 5-room resale flat on the 28th storey of the same block was sold for $650,000, a new record for resale flat prices within the area at that time.

    Eugene Lim, Key Executive Officer at ERA Realty, said the unit enjoys an excellent location.

    Situated just across the road from Toa Payoh Town Centre, the flat is near the Toa Payoh MRT station, with an underpass directly linking to it, he said.

    Since it is on a high floor, the unit is not blocked by any surrounding flats, offering unobstructed views, noted Lim.

    If the owner is facing the right direction, he can even see the MacRitchie Reservoir, he added.

    However, he believes the deal is unlikely to become a trend as it is more of an exception than the norm.

     

    Source: https://sg.finance.yahoo.com

  • Why 50K HDB Rentals Can’t Buy When Less Than 1K Can Afford?

    Why 50K HDB Rentals Can’t Buy When Less Than 1K Can Afford?

    1,800 earning less than $1,000 bought HDB

    According to the Straits Times news report GE2015: PM Lee’s assurance on cost of living” (Sep 3) – “With more subsidies, the net price for a two-room flat is now $30,000 and many families have been able to afford it, he said. In the last four years, 1,800 families earning less than $1,000 a month have bought two-room flats.

    “So when I say we have made housing more affordable to help people with the cost of living, I’m telling the truth.””

    50,000 HDB rental tenants can’t afford to buy HDB?

    If even most people earning less than $1,000 a month find buying a HDB flat affordable – then, arguably why do we have more than 50,000 HDB rental flats that are rented by Singaporeans?

    How many of the 1,800 families earning less than $1,000 who bought HDB flats in the last four years were HDB rental flat tenants?

    From the cheapest to the most expensive public housing in the world?

    Our public housing has arguably changed from being the cheapest public housing during our late former Prime Minister’s era, to the most expensive in the world – if measured by the price to wages ratio

    Supply of HDB flats to meet demand?

    The supply of HDB flats to meet demand was also an issue.

    For example, whilst the total number of HDB flats grew by 201,755 or 25,219 per year, in the eight years from 661,163 in 1994 to 862,918 in 2002 – it only grew by 21,438 or 3,063 per year, in the seven years from 868,774 in 2003 to 890,212 in 2010.

    In other words, the average increase in flats per annum declined by a whopping 88 per cent (3,063 divided by 25,219).

    Huge population increase 

    During this seven-year period when very few HDB flats were built – the huge influx of foreigners increased the population by a whopping 961,906 or 23 per cent, from 4.1 million to 5.1 million, from 2003 to 2010.

    HDB prices

    With this huge increase in the population – the HDB Resale Price Index increased a whopping 66 per cent or 7.5 per cent per annum during the same period from 75.1 in 2003 to 124.4 in 2010.

    Housing problems compounded by low CPF %, wages, population increase?

    Our public housing problems were perhaps compounded by the decrease from 6.5 per centCPF interest to 2.5 per cent (the lowest real return amongst national pension schemes in the world since 1999), huge influx of foreigners, hardly any real increase in wages, etc.

    We should relook the “great” policies like HDB and CPF implemented during the late former Prime Minister’s tenure – in the context of how they may have convoluted to become the key problems that Singaporeans have today?

     

    Leong Sze Hian

    A.S.S. Contributor

    Source: www.allsingaporestuff.com

  • More Trouble At Trivelis As Shower Screen Shatters

    More Trouble At Trivelis As Shower Screen Shatters

    Two more residents at premium housing development Trivelis have complained about shattered glass shower panels in their flats.

    Logistics manager Jaime Chen told The Straits Times that her husband found out the shower panel in the common bathroom had shattered when he went to the four-room flat on Thursday to install safety films on the glass panels with several workers.

    The developer, EL Development, had agreed to provide safety films for free to all residents after complaints of shattered glass panels at the Design, Build, and Sell Scheme (DBSS) project.

    Madam Chen said: “We collected the keys in January but thankfully we are not living here yet or someone may have been injured by the shattered glass.”

    The 34-year-old added that the developer will replace the shattered panel but she is worried about its quality. She also complained of other defects including crack lines on the wall, chipped furniture and hollow floor tiles.

    Mr Christopher Tan, 36, said the glass panel in his common bathroom shattered even after the safety film was pasted. He discovered the damage when he went to his four-room unit on Wednesday. Mr Tan, who is self-employed in the food and beverage industry said: “(The film) only prevents the shattered pieces from falling all over the floor. It does not address the quality control of the screens. A lot of us are worried about the possible dangers to old folks and kids when they use the bathrooms.”

    A spokesman for EL Development confirmed that there were two cases of shattered shower glass panels in August. That makes it a total of 11 cases out of about 5,400 shower screen panels in Trivelis. He added that all shattered panels will be replaced free-of-charge.

    He also said that the safety films does not prevent shattering but improves safety.

    “We have acceded to the residents’ request (for the safety films) as part of the goodwill package to give them a piece of mind.”

    Trivelis made headlines in recent months after complaints about defects surfaced. Around 400 owners, who started collecting their keys in January, found problems from defective stove knobs to rusty dish racks to poor quality laminate flooring. The common corridor along 40 units was also prone to flooding during heavy rain.

    The developer gave a “goodwill package” in May, offering them safety films, a new dish rack and extended the warranty on the laminate flooring from a year to 10 years.

     

    Source: www.thestraitstimes.com