Warrior88

Newer apartment, can use top hung, Older ones, can only use lourve, unless you are at the top floor. TC told me for Top hung, glass will break if sombody drop hard object. I ask them, then why some apartment can? They just you try apply la, we will review. Must approve by town council cos it affects the block image. Mine is alum louvre frame, but faulty plastic mechanism. So, I only change the mechanism, glass still remain.

Abbreviations ADJ - Adjustment AMP - Additional Monthly Payout BAL - Balance CLA - CPF LIFE Annuity Premium CLB - CPF LIFE Bonus (L-Bonus) CLI - CPF LIFE Payout CLR - Refund from CPF LIFE CON - Contributions / Government Cash Grant / Government Top-up DPC - Dependants' Protection Scheme - return of premium refund given to member earlier DPR - Dependants' Protection Scheme - premium refund due to decrease in annual premiums from $360 to $260 DPS - Dependants' Protection Scheme DVB - Deferment and/or Voluntary Deferment Bonus EDN - Education Scheme ESH - ElderShield GST - Goods and Services Tax HPR - Home Protection Scheme Rebate HPS - Home Protection Scheme HSE - HDB flats and other residential properties INT - Interest for the whole year INV - CPF Investment Scheme MED - Medisave MSH - MediShield MGS - Medical Grounds Scheme MSS - Minimum Sum Scheme MST - Top-ups from self / spouse / child / grandchild / sibling under CPF Minimum Sum Topping-Up Scheme PMI - Private Medical Insurance PTY - Non-residential property RFD - Refund of overpaid contributions to employers / employees / self-employed SDS - Dividends / proceeds / adjustments under the Special Discounted Shares Scheme [e.g. SingTel (ST) shares] SE - Payment by self-employed person TFR - Transfer between accounts TRN - Transaction WDL - Withdrawal of CPF savings on attaining age 55 / medical grounds / leaving Singapore permanently MS = MSS - Minimum Sum Scheme (131k this year)

If you see me in the kitchen, it can only be 2 things. Either I am making Tamago Yaki with my rectangle pan, or cutting sashimi. Its not easy to sharpen a one side edge sashimi knife. Currently blade is 10" looking for something like 11" one. Cos some of the Salmon I bought especially those that are more than 2kg are really broad. So you need a long blade to remove the skin. By the way, its okay to leave some salmon on the skin, especially those dark meat. I use spoon to scrap them off, but those normal salmon, keep em, they are they best esp, the one near the toro....

I am currently siphoning part of my CPF OA, through parent top up, they can get monthly cash. Cos if you are between the MS when you are 55, you get just a token of $5,000

my 2nd hse, HDB is at 120VWL bought early last year year. As for my 1st hse bought in 1999, 150VWL. CPF also states that even if hit the VWL, so long MS is kept, can still continue using CPF for loan repayment. Even if OA is zero, can still use SA so long MS is kept. Last time no MS, so high VWL ... 150% MS increase every year, so VWL drop. Reasons for this VWL, must keep for retirement. But now got MS, so bottom line, if enough MS, can use OA & SA for loan installment. Got 60 in SA, and 75 in SA investment. still working now, hopefully MS increase until 2013 do no exceed my monthly contributions. By the way, still working out if there is a way to beat the "55 withdrawal rule" Got loopholes or not. Looks like CPF lock and padlock you everwhere.

Rule change liao, if got minimum sum in OA+SA, can still use CPF. http://mycpf.cpf.gov.sg/Members/HSG-Site/Hsg-AHWL.htm

Ya, being eyeing the Shun Yanagiba sashima knife. Anyone bought em.

Me buyer last time, seller want extend 2 days. I use PTE bank loan, so I call my lawyer for her views. She says, she can help to issue lawyer letter to (HDB lawyer or seller)can't remember, using some form of calculation to compensate for this loss. It works out to be around $80 ~ $90 per day.. Finally, I give chance la.. since only 2 days. Actually the seller agree to pay this money legally through lawyer also. But, in the end, I regret, cos on the actual final take over. Seller want me to pay $40 for the empty gas cylinder. Told to to check the market if I doubt. I say. "You can keep it, I got mine !!!!". In my mind, why should I bother to check ... Haiz..

Officially, you can't draft any agreement for rental. But if you really have to do so. example, seller need to overstay by 1 month. Ask them to reduce the COV by 2 month rental. So, if they move out after 1 month. You pay them back 1 month. If not, seek the police help to vacate the seller. Of course, the police will probably give them 1 day to move out.

Your friend got 50%, cos he turn 55 in 2008. Every year reduce by 10%, until 2013 For layman, just know this...if turn 55 after Jan 2013 Can withdraw cash only after setting aside the CPF Minimum Sum (MS) and Medisave Minimum Sum. (MMS) Assuming MS=150k, MMS=40K If MS<150K, can still get token 5k .... hehe If MS>40K, auto include in CPF Life, bal go to Retirement Account (RA) If MS<40k, want CPF Life, must apply, if dun want then follow MS scheme For MS scheme,drawn down age WILL be 65, means you get monthly payout from 65 If MS>40K, you are under 2 scheme, CPF Life & MS IF MS<40k, you get to choose with CPF Life or MS Although auto include if MS>40k, you can appeal if you can prove to them that you are getting some form of pension or annuity from Pte Bank that is paying more than CPF Life. By the way, selling house after 55 is another calculation... hehe Also, if you are thinking of how to beat the system, DON"T cos CPF also lock and impose restriction on OA & SA for investment and housing loan.

This Gladys Chung must be related to one of our forumer (Happyhouse88) who ask for the MOP to be scrap. Wonder what this Gen Y is thinking ? http://www.renotalk.com/forum/index.php?showtopic=40833

Hi Sis, I thought we had gone through this in Mar 2010. You were in the loop also...aiya, forget liao ....Haiz Both upgrade/downgrade can apply to HDB loan subject to eligibility. But 2nd loan subject to the "50% cash proceeds" rule ..... This 50% really siong, not much cash left. http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/EB7797E9B364B714482576DD001E526C?OpenDocument

Sis, Studio Apartment after 5 years then can buy private.... I calculate for 80k for 30 lease, you are paying $222 per month, like renting from them. Some more must pay all upfront. Good thing no need to pay sale levy. Lease extension subject to approval, wonder 55+30, still survive ? Also,HDB will pay, at its absolute discretion, a pro-rated sum of the original selling price based on the remaining lease. Wah, if price go up, they buy back the using original, but resale at current price. HDB profit the balance le. (should be term, sell back at whichever at the higher price) By the way, let me clarify on the subject of sell HDB bef/aft 55 On/After 2013, if turn 55, must set aside CPF Minimum Sum (~160K) and Medisave Minimum Sum (~55k) , Balance can take as lump sum. CPF Minimum Sum = OA+SA+investment (RA) If short of both Sum, you still get token of $5,000 If you already set aside this and assuming it did not reduce as you are still contributing, then selling your HDB after 55 will not affect you. Since you had set aside both CPF & Medisave Sum For those whose both CPF & Medisave MS is shortfall at age 55, CPF cannot forget you. hehe. So when you sell you house after 55, die die they want you to top up the shortfall before the cash proceeds. By the way, there are 2 calculation for sales after 55. Depends on the principal CPF used + accrued interest. Let me give 2 example. This rule start from 1-1-2009 Person X A)CPF MS=160k B)RA =50k (OA+SA+invest) C)Principal Used + Accrued Int = 100k Must refund = 100k © , since (A)-(B)=110k , refund whichever lower Person Y = use more © A)CPF MS=160k B)RA =50k (OA+SA+invest) C)Principal Used + Accrued Int = 200k Must refund = (A)-(B)=110k , since©=200k , refund whichever lower

Bro, must still make your money work harder le. Though I know you are into investment like stock/property and insurance. Another 3 more years, you 50 liao, your OA got cut 6% (4=employer/2=yourself). Then another 5 years later(OA got cut 9.5%) Minumum cum might be raised until 2013 (150~160K). You got house loan..etc. So by 55, you get 20% of your retirement accounts. draw down age set at 65. Got 10 years before your next Ang Pow. Then, they lock $40K for your CPF Life again. So ang pow get smaller. So you got 2 choices, own more house for rental income or buy HDB studio apartment and then your money is really par par ..hehe

(OA+SA)$131,000 / 2 = $65,500, this is half the minimum sum that can be pledge from your property. Only after setting aside this amount, we are allow to use our CPF for housing loan. Badly affect are those who are currently using some cash to pay loan, the increase is 8,000, So, they will be short of 4,000 after 1/7/2011.

http://www.virtualhomes.sg/lakeviewestate sometimes, they do provide the floor plan. unfortunate, for LSE, dun have

Bro, Had been lurking in and out for a while. Until I read about the Allgreen. Read that loyalty pays finally. Glad to hear the good news. But nothing for me to rejoice. Cos I dun own any lots.... Haiz... Did't sold mine, just got recontract for rental, got 20% up. But will still follow up, faster BTO, more HDB rental flats, Pte still looks good, low interest rate. Wonder whether Lagoona Park Enbloc will fall thorough. Many millionaires flaunting the market again. Developer holding projects, wait for the sidelines, analysis the buying sentiments. Wha.. BTO now got mature estate, Tampines & Pasir Ris.

Rental HDB or Solely Studio Apartment type have smaller configuration, so that are built easily. My area took only 1 years to built, they are painting the block now..hehe They are boosting up the rental units to clear the the 2 years que. Rental not only for the low income, but for those who may need interim accommodation base on yearly contract. But then... those interim rental, very small one...hehe For those young couples, low income, divorcee with child might wanna wait and see if there is improvement. But for those singles ... etc, dun think there will anything until next year. By the way, how do HDB classify "Single with child" .. under single or divorcee with child ?

Yo... who is Junior Khaw ?

As you mention, "I heard of friends that never moved into their hdb flat and sold them 1 yr later when the MOP is up." So that is flipping HDB flats, So now HDB imposed 5 years rule. Then you mention again "MOP should be abolished, people shld be free to buy and sell when they need to." How to tell which case is genuine ? Also, why let all the rich ppl owning pte earn all the rental investment. Poor HDB ppl like us must be restricted and deprived of this option. In my opinion, HDB rental play a small% of such increase in price. My take is HDB was SLOW in anticipating the huge inflow of additional resident and the construction. As a result, some first timer went for the resale. Mr MBT bad experience in excess flat "buy after built" cause him to misjudge this.

Of course some restrictions are neccessary. Especially those good ones. Last year, 24,000 ppl are dual ownership. So this 24,000 ppl create the bubble ? Well, I would say, some extend. On the flip side, rental had save many ppl from going to the money lender, tide over their retirement. If you impose this, there will be one less option for them. Worst case, opt for lease buy back (which I dun prefer) Every family nuclei can only own 1 HDB, already this is in place. Impose this, and you see more ppl seeing the MPs.

Back to Basics. HDB was set up so that every Singapore nuclei can have home ownership. Later, it becomes our ONE entitlement as a Singaporean. I can even let my unit rot for all I care. When I suggested the tenure issues to counter affordability. You sidetrack to rental. There are currently so many restrictions, you still want more ? Just ponder back quietly, think got so many stupid ppl out there still want rent than buy? Obviously, there are some groups that still need to rent affordable HDB rent then pte. Back to demand/supply again. No need to restrict. If there is no demand, we would see ppl going in this directions. Rental-be it our only 1 HDB or PTE, is also part of our retirement plan. Back to where we start, reasons for home ownership. In life, we create many restrictions for ourselves. Example, some staff complain against co colleage, then management impose restrictions across the board. Aren't we killing ourself ?

HDB is balancing in a tight rope with balancing weights on each side. How to sell cheap BTO yet not to let those resale flats maintain or drop. Eh.. how about reducing the tenure, after all, most bought flats in the mid 20s, and dies around 80s. So, 60 years tenure. Current gen take care of their own burden. Of course, Bank/HDB must still provide buyer the normal loan facility. So, this is one segment on its own, buy cheap, sell also cheap. AFFORDABLE ?

My take on this AHG is that it caters for income ceiling below $5000. Who aspire to own falt size of 3BRM or less. It is assume that those that make 5k~ 8k who aspire to own 4BRM and above do not need help. Worse is those who are 8k~10k. Totally, cannot apply BTO but from DBSS only. Actually 4BRM is a good size, got 3 BRM. These are the ppl that fall between the cracks. More grants? cheaper BTO, but increase resale levy? cheaper loan rate for 1st timer? Special grant to parents, if sell to children? Parents got cash, children still take care to parents. Grant to be revoke if parents din live there. 1st Children no need to chiong BTO. Currently both parents & children, each got 1, parent stay with children then rent out theirs for rental income....Em.also good mah..

The Additional CPF Housing Grant (AHG) Scheme, introduced in March 2006, is meant to help citizen families with a steady household income to buy their first subsidised HDB flat. The AHG can be used for the purchase of new, resale and DBSS flats. It is an additional subsidy over and above the regular market subsidy and CPF Housing Grant that new and resale flat buyers enjoy respectively. The scheme was enhanced in August 2007, with the income ceiling and the grant amount raised - to help more households own their first flat. On 6 February 2009, the AHG Scheme was further enhanced, to make owning an HDB home easier for more citizen households - especially the lower-income families. The enhancements are as follows: • Maximum AHG amount is increased from $30,000 to $40,000 • Income ceiling is raised from $4,000 to $5,000 • Continuous working period preceding the flat application is reduced from two years to one year