Tag: housing

  • Ex-Husband Never Pay Maintenance, Jobless Single Mother Faces Daunting Prospect Of Losing House

    Ex-Husband Never Pay Maintenance, Jobless Single Mother Faces Daunting Prospect Of Losing House

    A single mum with two grown-up children – one in university and the other in polytechnic wrote in to us about the compulsory acquisition of her 3-room flat by HDB.

    She owes HDB about $33,000 in mortgage rent or about 3 years equivalent. Each month her rent is $600.

    Her ex-husband also did not fulfill his maintenance obligation and has since declared himself bankrupt.

    The single mum used to earn $3600 working in a 4-star hotel in her hay days but her last drawn pay has dwindled to below $2000 creating all kinds of livelihood problem.

    She is currently jobless for the past few months and was dismissed from her job due to depression over the matter.

    Single mum seems to be in the public picture of late as they struggle to take care of their kids and try to make ends met.

    Its a tough preposition for them if the ex-spouse fails to play their part by delaying the maintenance payment or worse declare themselves bankrupt to get a downward variation.

    We only pray that once the house is acquired by HDB they could get a cheaper rental unit from HDB and not owe HDB any more back debts which will only deepen their family crisis.

    My heart goes out to the two growing-up children who are still studying in tertiary institutions. It will be a very stressful period for them too…

     

    Source: Gilbert Goh

  • SDP: Here’s How You Resolve The HDB 99-Year Lease Problem

    SDP: Here’s How You Resolve The HDB 99-Year Lease Problem

    Singaporeans have been concerned about the recent announcement by Minister for National Development Lawrence Wong that the value of older HDB flats will decline and, eventually, be worth nothing at the end of their 99-year lease.

    HDB owners go into heavy debt and spend their retirement savings paying off this debt only to find that their flats decrease in value and have to be returned to the government at the end of the lease.

    This doesn’t make sense.

    To overcome this problem, the SDP has proposed the Non-Open Market (NOM) scheme for flats. Under this scheme, HDB will base flat prices solely on labour, materials and administrative costs. They will not contain a land cost component as State land does not cost the government any money.

    Currently, the HDB factors in the cost of land which jacks up the prices of the flats making them unaffordable for Singaporeans.

    Excluding the cost of State land will substantially reduce prices for HDB flats. We estimate that the prices for NOM flats will be effectively halved or more, ranging from $70,000 for 2-room flats to $240,000 for 5-room ones.

    But as the name suggests, NOM flats may not be sold on the open market. Owners wanting to sell their flats will have to sell them back to the HDB at a price that will be the original purchase price less the consumed lease.

    Current HDB owners will have the option of converting their flats to NOM ones. When they do this, the government will refund the amount of money based on the original purchase price from the HDB and the price of the same type of NOM flat, subject to a cap.

    The difference between the current system and the SDP’s NOM scheme is that Singaporeans won’t have to spend so much of their CPF savings and income to buy their homes. This will leave them enough funds for retirement and other pursuits.

    Buyers who choose to stay with the current system can continue to buy and sell their flats on the open market. They are, however, subject to the vagaries of the market and face the prospect of depleting their retirement funds by buying hugely over-priced flats.

    Experts have reacted positively to the SDP’s proposal (see here, here, and here).

    The current system ties up the people’s wealth in government property which, ultimately, becomes zero in value. It increases debt while reducing consumer spending and investment. This is not good for the overall economy.

    The SDP believes that housing, in particular public housing, should not be a tradeable commodity. Our flats are our homes where our loved ones live in security and comfort, not profit-making ventures. The NOM scheme is consistent with this principle.

    More important, it frees Singaporeans from the crushing debt burden and overcomes the unthinkable problem that our expensive flats for which we spend a lifetime paying become worthless at the end of 99 years.

    For more information on this subject, please read our alternative housing policy Housing A Nation: Holistic Policies for Affordable Homes here.

     

    Source: http://yoursdp.org

  • Hong Kong Trails Singapore In Quality-Of-Life Rankings Due To Housing, Pollution Issues

    Hong Kong Trails Singapore In Quality-Of-Life Rankings Due To Housing, Pollution Issues

    Hong Kong risks losing out on top expatriate talent if it does not tackle its pollution and housing issues, according to latest survey findings on quality of life, released by a global consulting firm.

    The annual survey by Mercer, used by multinational companies to design expat packages, ranked Hong Kong 71 out of 231 cities for quality of living – dropping one spot from last year’s placing.

    In Asia, Hong Kong’s regional rival Singapore took the top spot, followed by five Japanese cities. Hong Kong placed 7th.

    Pollution and housing were some of the greatest concerns for expatriates looking to move to Hong Kong.

    “For employees with families, they need to consider their children’s health. Singapore will definitely be a better place than Hong Kong because of better pollution control,” Ms Connie Leung, principal business leader for talent information solutions at Mercer, said.

    “And as for housing [in Singapore], you may have more choices for flats [and] the living environment is much better. The cost is too high in Hong Kong and so you have a limited choice [of flats].”

    Vienna in Austria took the number one ranking overall for the city with the best quality of life.

    According to the survey, Hong Kong’s quality of life was on par with Detroit, a former United States automobile manufacturing powerhouse.

    Social and political issues were also reasons for the city’s lower ranking.

    “Hong Kong saw a dip in ranking due to recent social and political uncertainties as well as the rise in quality of living in other cities in the region,” Ms Leung said.

    “The good news is, Hong Kong still remains at a relatively good standing compared to nearby cities in Asia.”

    The survey looked at 10 categories including: political and social environment, economic environment, natural environment, housing, health services, and education.

    British account manager Nick Ball has been a Hong Kong resident since 2011 and said he has seen a decline in his quality of life.

    “A lot of places where we use to hang out have disappeared because of [high] rents, and it seems that things that can bring a better way of life … are just not really being very well run anymore,” he said.

    “Congestion has got a lot worse. You try to go anywhere on the weekend and it’s just terrible unless you get out first thing in the morning because there are traffic jams everywhere.”

    Despite the problems, Ball still said there was “no other place on Earth” like Hong Kong, but he was uncertain if he would still be in the city five years from now if things continued to decline.

     

    Source: Today

  • Survey: More Singaporeans Living In Condos

    Survey: More Singaporeans Living In Condos

    In the past five years, more Singaporeans are now living in condominiums, more are taking public transport to work, and more are remaining single until later in their lives.

    These were among the insights revealed by the Department of Statistics’ General Household Survey, released on Wednesday (Mar 9).

    According to the survey, while 80 per cent of Singaporean households still live in Housing Board (HDB) flats, 13.9 per cent of households now live in condominiums and other apartments, up from 11.5 per cent in 2010.

    However, the number of households living in landed properties inched lower from 5.7 per cent to 5.6 per cent over the same period.

    Among those in HDB flats, nearly three in four households (74.3%) were living in three-, four- or five-room and executive flats. Four-room units were the most common house type.

    The survey also found that more than nine out of ten (90.8%) households also own the homes they live in. This is an improvement from the 87.2 per cent home ownership recorded in 2010.

    But over the past five years, the number of households comprising two or three persons has increased, while the number of households with five or more persons have decreased. Four-person households remain unchanged at 23 per cent.

    The upshot is that the average size of households in Singapore has shrunk slightly from 3.5 persons in 2010 to 3.4 persons today.

    According to the report, the shift towards smaller households was most notable among Malay households, even though the community still had larger households on average than their Chinese and Indian counterparts.

    With Singapore’s ageing population being well-documented, it comes as no surprise that the proportion of households with at least one member aged 65 and over has gone up to 29.1 per cent in 2015 from 24.1 per cent in 2010.

    Transport

    When it comes to transport, the survey found that public transport remained the most important mode of transport for residents commuting to work.

    The expansion of the rail network in recent years meant that more were taking the MRT to work. Some 12 per cent of residents said they used the MRT only (up from 11.5 per cent in 2010), while 24.8 per cent commuted to work by MRT with a transfer to or from a public bus (up from 17.6 per cent in 2010).

    The number of commuters who only took the bus has dropped from 19.3 per cent to 16.5 per cent, whereas those who only used cars to get to work went down from 24.8 per cent to 21.9 per cent.

    Marriage and fertility

    The General Household Survey also found that even though the majority of Singapore residents aged 15 and over were married, the trend of later marriages was reflected in the increase in porportion of younger singles.

    The number of singles, male and female, in the 20-24, 25-29 and 30-34 age groups have all increased in 2015 as compared to 2010.

    The most significant increase was among those between the 25 and 29 age range. Of these, 80.2 per cent of males and 63 per cent of females reported being single in 2015, up from 74.6 per cent and 54 per cent respectively in 2010.

    Education and literacy

    The overall education profile of residents has also improved in the past five years.

    Among the resident non-student population aged 25 and over, 52 per cent had post-secondary qualifications in 2015, up from 46.5 per cent in 2010.

    There was also an increase in the number of households that used English as their main language at home, from 32.3 per cent five years ago to 36.9 per cent in 2015, according to the survey.

    Religion

    The survey also revealed religious composition of Singapore residents has remained relatively stable between 2010 and 2015.

    The most significant increase was among residents without any religious affiliation, rising from 17.0 per cent in 2010 to 18.5 per cent in 2015.

     

    Source: http://news.asiaone.com

  • Prediction Of More Misery Should PAP Win

    Prediction Of More Misery Should PAP Win

    The PAP often tells us to look at their track records. Well I have, and I am pretty confident that I have a pretty good idea of what they are doing, or their lack thereof for that matter.

    Truth be told, looking at the track record of the voters in Singapore, the PAP stands a high chance of winning.

    I have compiled a list, of what citizens should expect, should the PAP win the mandate, and be allowed to continue their reign unopposed for another 5 years.

    Keep in mind that while these are mostly speculations, they are based on the track record of the PAP. Feel free to disagree with hit.

    Here is the list:
    1) Primary focus of the government to be on the economy-
    2) More foreigners will come in-
    3) Population will eventually hit 6.9 million and beyond-
    4) GST will rise again-
    5) More sponsoring of free scholarships to foreign students-
    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-
    7) More spending on celebrations and public events-
    8) More exorbitant housing prices-
    9) More mandatory insurance plans that you have to pay for-
    10) Even higher public transport costs-
    11) Press freedom index ranking will drop even lower-
    12) More unopposed unilateral one-sided decisions in parliament-
    13) More politicians suing ordinary citizens-
    14) More unexplained revocation of patents-
    15) More government organizations applying for protection from harassment act-
    16) More unfair use of NSFs-
    17) More mudslinging from the ruling party-

    And here are the details. Be warned, it is long.

    1) Primary focus of the government to be on the economy-

    Regardless of the claims by word-of-mouth, the goal and aim of the government had always been clear: the Economy. Boosting the economy at all costs has always been their objective, and will continue to be so.

    2) More foreigners will come in-

    The PAP has made it crystal clear, they will not stop the inflow of foreigners, they will merely slow down the inflow.

    It’s like you’re fast approaching the edge of the cliff, but the driver chooses to decelerate instead of braking hard.

    These foreigners may indeed boost the economy. But the large numbers also pose a problem for citizens, as these foreigners will be competing with the true citizens for resources, which include jobs, housing, public transportation, and even basic necessities.

    3) Population will eventually hit 6.9 million and beyond-

    You have to ask yourself, of these 6.9 million, how many of them will be true Singaporeans? Do we have the necessary infrastructure and resources to support a 6.9 million population?

    If the answer is yes, then you have absolutely nothing to worry about!

    But I suggest you take a look at our MRT stations, our HDB queues, our foodcourt and hawker-center crowds, our school balloting, and think carefully first.

    4) GST will rise again-

    Going by the PAP track record, there is a very high likelihood that GST will eventually rise again. I personally estimate this at 9%, though some say it will be higher.

    5) More sponsoring of free scholarships to foreign students-

    A recent report say that in recent years, at least 20 million a year is funded to give foreign students free scholarships. The exact figures of the total amount spent so far for foreign scholarships is unclear.

    The PAP has also made it clear that they will not stop funding foreign students with free scholarships.

    Personally, I think that 20 million is a lot, and this money could have been better spent on our own citizens. But what the hell do I know? PAP knows everything, so throw out your encyclopedias, and never visit wikipedia again.

    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-

    http://www.wsj.com/articles/SB124350003544761935
    https://www.youtube.com/watch?v=7qFUDmsFTYk

    In spite of the claims made by local media bragging about the huge profits made, many reports I have read talked about the billion dollar losses made by Temasek Holdings.

    Personally, when I read about this, the first few questions that come to mind are:
    Who authorized Temasek Holdings to invest money in foreign companies?
    Why is no one punished for the screw-ups?
    The money that is lost to bad investments, who does it belong to?

    Even now, Temasek Holdings and the GIC is adamant about taking state-controlled funds to invest in foreign organizations. My question is this, who authorized the government to use these funds for foreign investments?

    And till now, do we even know the true source of this money? I mean, it has to come from somewhere, right? Do we even know where did the money that was lost to bad investments, come from?

    I really don’t understand why this money needs to be invested elsewhere, or why it even needs to be invested at all. Why can’t this money be used to invest in Singapore itself?

    When the Singapore government chooses to invest state-controlled funds to invest in foreign organizations, it really shows how much confidence they have in our own country.

    7) More spending on celebrations and public events-

    Without a doubt, more money will be spent on events similar to SG50 celebrations. More events like the YOG will be held.

    The YOG was grossly overbudgetted, with no one punished for the oversight. But the good news is that the government learns from their mistakes. So this year, in the SEA Games, the organizers outsourced for free volunteers instead of paid workers. That greatly reduced the costs for manpower. The plan was so simple yet so brilliant, I can’t help but be amazed. Why pay for workers when you can get them for free?

    To quote a line from the Noose:
    If the government can spend so much money on two useless pandas, they must be treating the people really well!

    Obviously, more money should go into such events, and NOT social spending. Having more money on social spending will lead citizens to have a clutch mentality and cause them to be dependent on government handouts.

    Right?

    8) More exorbitant housing prices-

    Someone once claimed that you can own a hdb flat with $1000 per month salary.

    Seriously?

    I’m not going to call that bullshit. But to me, it sounds like I’m looking at some kind of fringe science, where the professor draws a few impossible calculations using extreme numbers from improbable events, and presents to us the argument that something thought to be virtually impossible, is actually in fact possible.

    I’m definitely not the most mathematical oriented person. But do you honest believe that you can own a hdb flat with 1k salary?

    Let me use an example. Suppose you are an ordinary worker earning a modest $1,500 a month, trying to afford a $240,000 3 room flat. Let’s assume that you eat grass and pump every cent you earn, including your CPF, into your flat payment. It will take working at least 13+ years, just to pay off your flat alone.

    And let’s not forget the 2.6 compounded interest rates from HDB. Every year, you have to pay $6,240, just for the interest. It will reduce if you can pay, otherwise, it will snowball. How much of your salary per year do you have to sacrifice, just to pay off the interest itself?

    And on top of that, let’s not forget the fact that you DON’T actually own your flat. You rent it for 99 years. At the end of 99 years, you lose it, with NOTHING refunded back to you.

    Some people argue, HDB flats will never last 99 years, you will be moved by the government after 40 years of staying, and they will pay the rate of the remaining lease. Well that still means you don’t actually own it. Hello? When the government moves you, you think that the government is going to give you your flat for free?

    Like it or not, every year you live in your flat, you lose 1/99 of it’s value. So every year, you rent it for $2,424. And for some reason, you still have to pay land tax.

    I’m no expert on this, so feel free to correct it if you have more accurate numbers.

    The PAP claims that it is possible to own a flat with only $1k salary, and boasts of a high home-ownership ratio (99-year “ownership”) on a global scale. By all means, feel free to believe them.

    9) More mandatory insurance plans that you have to pay for-

    The PAP has already decided that you will pay for CPF Life and Medishield Life. It doesn’t matter what your opinion is. It’s been decided.

    10) Even higher public transport costs-

    Even when oil prices were dropping, and SMRT was earning record high profits, the transport fares were raised, citing a reason like “opportune time”.

    Just before elections, fare prices were announced to be dropped. But god knows how soon the next fare hike will hit us.

    It’s common knowledge that if you wish to encourage use of public transport, and improve traffic conditions, you should raise the price of private transportation, but reduce the price of public transportation. But the government, being the genius that it is, decided to raise both public and private transportation costs.

    I guess this means that the message they are trying to send us is, “Don’t go out. Stay home and sleep!”

    11) Press freedom index ranking will drop even lower-

    The PAP has already made it clear that they don’t care about the press freedom index.

    The unnamed person-in-charge said the following line:
    We manage our press, our media and our freedom of information in a way that makes sense for Singapore.

    The very same person also claims that the very same newspaper is “credible, balanced, and objective”.

    WTF……

    12) More unopposed unilateral one-sided decisions in parliament-

    When the PAP proposes a bill, it is as good as approved. No matter what kind of decision the PAP makes, the bill will be passed successfully unopposed.

    One of the most recent bill passed was about ISEAS, where only the ministers will be able to appoint board members, while the President and the other organizations will not be able to do so.

    This bill was piggy-backing on the proposed bill to honor Yusok Ishak…. I meant, Yusof Ishak.

    Of course, the WP rejected with all their might, but the bill was still passed.

    You would think that if they really wanted to honor the late president, they would actually learn to spell his name right….

    You can be sure to expect more one-sided unilateral decisions made if the PAP wins.

    13) More politicians suing ordinary citizens-

    In the past, PAP ministers would use defamation lawsuits on their political opponents.

    Prime Minister Lee Hsien Loong took it a step further, and decided to sue an ordinary blogger.

    At the rate this is going, you can expect secondary and primary school students to be sued too.

    If you feel that an internet posting has defamed you, one of the first recourse is mediation. The legal recourse should only be used as a last resort.

    You see, it’s one thing to preach about a gracious and forgiving society. It’s another thing to be a gracious and forgiving person.

    14) More unexplained revocation of patents-

    If you have a patent that results in a conflict with the government’s interest, your patent does not exist.

    Dr Ting Choon Meng has a valid patent for medical vehicles as of 2005. In 2009, Mindef, instead of seeking recourse to contest or dispute the patent, they blatantly ignored it and produce their own.

    In a lawsuit that latter ensued, the court of law revoked the patent owned by Dr Ting in 2014. This is despite the fact that the proper procedure of contesting a patent not being used, and no evidence supporting the revocation was ever seen.
    http://www.ipos.gov.sg/Services/HearingsandMediation/ProceedingsatIPOS/P…

    To add insult to injury, Cyberpioneer issued the following arrogant public statement:
    Respecting Intellectual Property means honouring patents that are valid, not protecting those that aren’t.

    So let me get this straight. In 2009, Cyberpioneer could tell the future, and knew that the patent will be invalidated in 2014?

    Oh, one more thing. Did you know that you cannot apply for a patent in another country, without asking for permission first?
    http://www.ipos.gov.sg/AboutIP/TypesofIPWhatisIntellectualProperty/Whati…
    One can only wonder what the basis of that is.

    15) More government organizations applying for protection from harassment act-

    A government organization applying for protection from harassment from an individual, is possibly the stupidest thing I can think of. And yet it happened.

    It’s almost as if these people are challenging us to think of what is the most asinine thing they can possibly do, and they actually make it happen.

    These guys never fail to amaze me at whatever they do.

    16) More unfair use of NSFs-

    The LTA recently announced that NSFs can be mobilized to help SMRT in the event of an MRT breakdown.

    I have absolutely no idea how the LTA has authorization over Mindef to help a private company like SMRT. There must be some kind of grand logic here at work.

    17) More mudslinging from the ruling party-

    It is said that if you live in a house of glass, you shouldn’t throw rocks.

    Well the PAP doesn’t care. They keep attacking the WP for the lapses, even though their own management has lapses highlighted by the Auditor General Office.

    In one of the latest saga, Mr Tharman relentless carried on his attack on the WP. Despite the other problems found by the AGO, Tharman claimed that “The house is safe and there is no question whether public monies are fully accounted for.”

    Instead of correcting his own problems, he decided to attack WP for theirs. A typical rock-throwing kind of behavior.

    Conclusion:
    This is by no means an exhaustive list. But I have been paying attention to the PAP’s actions long enough to know how they handle things. Feel free to disagree if you think such things will never happen.

    Source: http://sgkbwarrior.livejournal.com