Tag: rental

HDB Flat Buyers Still Living In Denial – HDB Still Owner Of Most Expensive Concrete Pigeon Holes
Ah Kow: I heard from kopi tiam talking about our HDB not really belong to us. How come like that?

Ahmad: Not possible leh. Must belong to me because every month my CPF OA become kosong to pay for my 3-room bird cage.

Arumugam: I don’t believe you guys also same as the 70% PAP supporters still believe in our home ownership crap. Let me tell you – this is a SCAM! But it’s the people who voted for this scam.

Ah Kow: Wa lau eh, say until so serious wait you get letter from PAP Aunty Sue then you know.

Arumugam: Aiyah, when I state facts, why should I be afraid? There is more evidence but before I show you this, let me show you some proof I saw on the internet a few months ago. (Turning on his laptop) he pointed to a legal document.

Ah Kow and Ahmad almost fell off their chairs in disbelief.

Ah Kow: But if everyone think we are the real owner, that means it must be true.

Arumugam: Long time ago before policemen wore shorts, people believed the world was flat. Not everyone like you so ignorant but I don’t blame you. PAP’s propaganda machine damn powerful, can turn black into white, night into day. Look at another document here – the ‘owner’ is just the lessee.

Ahmad: I think Arumugam is right, see this document here (below), also state the word lessees. Sia, I think we all kena con big time.

Arumugam: Singaporeans really living in denial but they cannot admit the truth because it would mean they have been blur like sotongs. Few adults will admit they have been fooled by their government.

Ah Kow: I also don’t want to believe this, sia.

Arumugam: When I rented out a room last year, guess what? I must inform the real landlord, HDB ,and submit all the particulars of my tenant. If you really own a property, such as a condo, there’s no need to inform anyone because you are not a fake landlord, like HDB ‘owners’.

Ah Kow: Hmm… ya hor, I feel dam sian but I understand better now. No wonder because HDB is the real landlord it can decide to suka suka change HDB rules. Knn I better sell my HDB tomorrow, don’t want to kena scam.

Ahmad: Bro, after selling, where you stay? Set up tent at the beach or sleep at void decks?

More images @ link

Arumugam: Seriously, PAP has been screwing up citizens and profiting from us because that is the only way it can make money – in Singapore. At the stroke of a pen, “lessees” = “owners” just like CPF belongs to us but the rules are rewritten by PAP almost every year..

Ahmad: But isit big deal if lessee is not owner?

Arumugam: It is a very big deal because if all HDB ‘owners’ are correctly classified as ‘lessees’, then our home ownership rate will fall from 90.3 % to the lowest in the world.

Arumugam: Actually today I want to tell you guys that HDB already confirmed Singaporeans are not the owners on its website which it stated “Your can sublet your whole flat” or “You can sublet your spare bedroom(s)”.link

Ah Kow: Sublet and rent not the same meh?

Arumugam: HDB did not use “sublet” without knowing the definition. Merriam-Webster dictionary defines “sublet” as:
- : to allow someone to use (an apartment, house, etc., that you are renting) for a period of time in return for payment
- : to use (an apartment, house, etc., that is rented by someone) in return for payment
Ahmad: That mean for 50 years everyone kena con by PAP?

Arumugam: People want to believe they are owners, especially when prices keep going up and they feel richer on paper. So they keep voting for PAP. People want to con themselves with the help of PAP. This own self con own self game has been played for too long and PAP will lose face big time if foreign media discover what has been going on. Now you look at the next page to confirm we are HDB’s tenants and our tenants are correctly classified as “subtenants” by HDB. If we are really “owners” as stated, HDB should not have stated our “tenants” as “subtenants”.

link

Ah Kow: Sia, I think Aru is right. HDB say our tenants are “subtenants” mean we are “tenants” of HDB. Knn I want to go Hong Lim Green and hold protest rally like Roy.

Ahmad: Bro, be careful OK. Roy HLP protest rally kena shut down by civil servants who play politics. You don’t forget you only got ITE cert, who want to listen to you. Ha ha.

Arumugam: Singapore is so unique to have scored another first in the world: property ‘owners’ are not allowed to mortgage their property. But we can’t always blame PAP for scamming us because we have the most educated morons voting for this own-government-scam-own-citizens system. Just have to live with HDB being the real owner of the most expensive concrete pigeon hole in the sky. (sigh)

Source: https://likedatosocanmeh.wordpress.com
January 11, 2016
PRC Migrant Faults Property Agent For Losses Because She Doesn’t Understand English

A PRC migrant took to the Chinese newspaper Lian He Wan Bao blaming her property agent when she was disallowed to sublet a HDB unit she rented. Zhang Gui Yun, 58, told media reporters that she doesn’t understand English but she signed the rental contract to rent a HDB unit in Bukit Panjang.

When Zhang Gui Yun tried to sublet the entire unit to another tenant, the new tenant pointed out that her rental contract doesn’t allow her to sublet the unit out. The PRC migrant who is a dependent of her children on student visa in Singapore, is now staying in a rented condominium in Bukit Panjang and that she stated that she has never lived in the HDB unit she rented.

Zhang Gui Yun complained that the landlord refused to refund her S$2,800 deposit and that the property agent only refunded her S$400 out of the S$1,400 agent’s commissions.

“(Translated from Chinese report) I do not know I am not allowed to sublet the unit to a third party. I don’t understand English and I trusted the property agent. …The property agent made me lost a lot of money and refunded me only S$1,000 out of the S$1,400 commission made.

I came to Singapore alone with my child and my life is very hard, so I hope the media will publicize my story and give my justice.”

The PRC woman also added that she tried to sue the property agent and the landlord from the Small Claims Tribunal twice, but failed in both attempts.

Source: http://statestimesreview.com

October 27, 2015
Beware Of This Filipino FT Cheat, Do Not Ever Rent Your Home To Him

Dear Editors,

I am writing to you about an article of a guy that has con a number of people and is still at large.This is the story His name is Ernesto Jr Delas LLAGas Dcruz. Currently he is on work permit for the past few years

This man in the photo has lived in my house for years. Initially he used to pay rent on time for the past 2 years but lately he has been stalling payment for quite some time and has not returned the money back. Apart from that he borrowed from my mother a certain amount. As he had been staying in my house for very long she thought nothing of it and just helped him out. Little did we know that this guy had borrowing from my mum a lot of cash and also he has not paid rent for a number of months. He kept delaying payment and at the same time my mum couldn’t collect from him as she didn’t see him often.

This guy has left that he was staying, but the thing is he has gone around borrowing from licensed money lenders which they have been coming to my place for the past few months, with the amount he has borrowed. The letters of him borrowing the amount is constantly being sent to my place.

He has also cheated a number of people for money by saying that his family is in ICU. He cheated his gf of a lump sum of money amounting to $50000.I am not sure of the number of people he has cheated. But I am pretty sure he has borrowed a lot from a number of people especially from licensed money lenders.

Currently I have made a police report on this guy but I would like to urge all those who know him and know of his whereabouts to report it to the police, so that we can help those people whom he cheated the money to gain back the amount loss.

Anyone who has been cheated by him please do make a police and report and to whoever is sheltering him , please make a police report so that we can help apprehend this guy.

K Jaya
A.S.S. Contributor

Source: www.allsingaporestuff.com

October 15, 2015
Poor Malay Family Living In Staircase Of HDB Estate

I have been living in my neighborhood for years. Never seen this Malay family before. It was until recently that I notice them.

The story was like this…

I was in my living room watching TV around 8pm that I start hearing babies crying sound outside. Initially, I thought its was nothing until the sound keep continuing for 2 hours. Feeling annoy I went out to keep a look out what happen. To my surprise, after I open the door, I saw a family of 5 living on the staircase, even with a mattress lying on the floor. (The type of HDB with door leading to the staircase) They totally treat the staircase as their house… I was speechless and ask them how come they are doing this, I even threaten to call the police as they causing a nuisances to others.

They beg me not to and explain they got chase out of their house, with no place to go to. They will just stay put here for a night and will move to relative house the very next day.

Fast forward to next day, I went to check the staircase and found out that they are gone but they left behind a mess. With rubbish everywhere and a nasty smell of don’t what…

And, this seems not like a isolated case… Just nice happen to check with my neighbour, he said that this couple have been doing this shifting and moving for a couple of months in my neighbourhood le. Everytime when someone complain, they will shift to other block or some other level.

What can I do to help this family?

obsceneK2
A.S.S. Reader

Source: www.allsingaporestuff.com

September 29, 2015
Lenders Bypassing Car Loan Curbs

The motor industry has found ways to get around car loan curbs – a development that is keeping vehicle demand and certificate of entitlement prices buoyant.

Checks revealed that used car dealers, parallel importers and credit companies offer financing that is effectively 80 per cent to 90 per cent of a car’s purchase price, with repayment of up to 10 years.

This exceeds the Monetary Authority of Singapore’s (MAS) 2013 curb, which restricts loan quantums to not more than 60 per cent of the purchase price and a repayment period of up to five years.

The curb is breached by offering one or more of the following:

• Overtrade – a practice of offering a buyer substantially more for his trade-in vehicle. This is practised mostly by authorised agents.

• Disguised leases – in a lease agreement, the car is registered under the lessor’s name, and the monthly rental is substantially higher than instalments in a hire-purchase. But dealers are readily offering “leases” that allow the car to be registered under the end-user’s name and with relatively low monthly payments via a buyback offset.

• Invoice inflation – if a car costs $170,000, the seller will inflate it to, say, $270,000, so as to secure an 80 per cent loan from the bank.

• Balloon scheme – a seller subtracts the car’s scrap value from the instalment calculation, resulting in lower monthly payments. At the fifth year, the consumer “scraps” the car to settle the outstanding amount, or refinances the car.

All the schemes come with higher interest rates, but consumers who cannot afford to fork out a hefty down payment under the MAS ruling have been snapping them up.

An MAS spokesman said: “As part of MAS’ supervision of financial institutions (FIs), we check on their compliance with the rules. If an FI breaches the rules, MAS will not hesitate to take regulatory action.”

The MAS, however, would not say if any lender has actually been taken to task for any of these schemes. It added that it expects lenders “to take reasonable steps to ascertain the veracity of the purchase prices of cars quoted in loan applications”.

Mr Ron Lim, general manager of Nissan agent Tan Chong Motor, said the various schemes that bypass the loan curb show that “there is a lot of grey areas”.

“We hope MAS can enforce it better,” he added. “Then we can have a more level playing field.”

A businessman who bought a used Bentley Flying Spur recently told The Straits Times that the invoice for the car – which was selling for $400,000 – was inflated to $700,000. Mr Y.Z. Liu, 66, said: “It was blatant cheating. If the car was indeed $700,000, then the first owner should be compensated.”

Mr Michael Lim, president of the Singapore Vehicle Traders Association, said the association of used car dealers and parallel importers has been appealing to the Finance Ministry for the loan limit to be raised.

He played down the high financing deals and said: “Most of these are rental and leasing packages.”

However, classified ads in The Straits Times and car portal sgCarMart are rife with offers of “low down payment”, “80 per cent loan” and repayment over 10 years.

One credit company, Century Tokyo Leasing, has been advertising a balloon scheme that promises a monthly instalment of about $800 for a Honda Vezel – nearly 40 per cent lower than the $1,250 required for a normal hire-purchase deal.

Mr Anthony Lim, a veteran car financier, said: “These companies are flush with foreign funds and they are eager to do business here. But… if a loan contract is in breach of the law, it is not binding. So the lender may have no recourse if the borrower decides to stop paying.”

Source: www.straitstimes.com

September 23, 2015