therat

http://www.zaobao.com/sp/sp120327_003.shtml 财务顾问领域检讨　保险经纪将不能兼职房地产 财务顾问未来将不得同时兼职为房地产经纪、放贷者、赌场中介，以及推销对客户没有保障的投资产品。另一方面，配合新加坡逐步提高的教育水平以及消费者的知识水平，财务顾问的学历门槛也将提高，不再只是目前的四个“O”水准科目及格就能入行。　　这是新加坡金融管理局为增强消费者对保险与财务顾问领域的信任与信心，所采取的“财务顾问领域检讨”（Financial Advisory Industry Review，简称FAIR）的一部分。 　　此外，当局也会从消费者的利益角度考量，检讨、改变保险业现有的分销成本与佣金架构，以及提升财务顾问公司的素质和促进公平交易的文化。 　　金融管理局局长孟文能（Ravi Menon）是在昨晚举行的新加坡寿险协会（LIA）50周年晚宴上讲话时宣布这项消息。 　　上述五大保险与财务顾问领域改革方向，目前还处在建议阶段，当局将在近期内征询业者及消费者的意见。 　　孟文能在讲话中指出，最近开始有保险经纪针对同时兼职为房地产经纪提出询问，目的是为同一批客户提供房屋买卖经纪服务，以赚取更多佣金。金管局也观察到有些财务顾问向赌场管制局申请赌场中介执照，当局也接获投诉，指财务顾问试图向消费者售卖可疑的金块投资计划。 　　孟文能指出，这些兼职与财务顾问的工作有明显的利益冲突，当局将和业者检讨财务顾问所不能兼职的工作有哪些，以确保他们以客户的利益为优先。 金管局也将检讨财务顾问通过“介绍人”争取更多客户的做法，确保这些“介绍人”不会为了赚取佣金而强迫客户购买产品。 　　我国目前仍面对投保不足的问题，为降低国人投保的成本，当局希望业者能通过互联网直接售卖简单的人寿保险产品，以减少分销成本。金管局也将检讨现有以佣金为基础的产品销售做法及多层佣金结构，是否违反了以消费者利益为重心的原则，导致他们付出不必要或过高的费用。 业者希望有足够时间调整 　　受访业者对金管局考虑采取的新举措表示欢迎，并希望当局能给予业者足够时间作出调整。 　 　finexis advisory总裁林锦荣受访时指出，旗下一些财务顾问确实同时拥有财务顾问执照和房地产经纪执照。他说：“我们会给这些财务顾问两个选择：一、继续在 公司全职从事财务顾问的工作，二、如果他们不愿意这么做的话就得离开公司。我认为，同时从事房地产经纪工作将影响这些财务顾问的专业水平，这会让客户感到 混淆，对他们来说也有欠公平。” 　　林锦荣也希望当局能够分阶段实行新的措施，以便给财务顾问有足够时间做调整。他指出，拥有丰富经验的财 务顾问在学历方面可能不符合新的条例，但这不代表他们没有能力提供专业的财务顾问服务。他说：“财务顾问这行讲求的不只是学历，还有实战经验、客户与顾问 之间的信任，以及顾问本身的技术能力。” 　　针对新的分销成本与佣金制度，林锦荣认为，是否可行将取决于市场的运行。 　　星融（SingCapital）总裁谢诏全则认为，学历固然重要，不过希望那些学历不高，但情绪智商高而且对这行有热忱的人有机会入行。 　　他也指出，兼做财务顾问和房地产经纪的人可能会为了推销金融产品而急着将客户的屋子卖掉，以致后者得不到好的价格。相反的，他也可能会为快速完成交易，而推销不适当的金融产品给客户。 　　针对在互联网售卖保险产品的做法，谢诏全表示，这可能导致消费者在没有进行全面财务状况分析的情况下，买入不适合甚至是他们不需要的产品。 --------------------- In short. Not allow very soon. They looking into it to amend the present rule.

Done.

Only de-value? I thought the whole block will declare as not-safe to stay.

If the reason is RC wall. Then gone case liao.. Confirm + crop crop ... cannot hack

had alot.. U go and search.. tone of forumer complaining about cannot hack this wall , cannot hack that wall. BUT cannot hack mean cannot hack, Solid line cannot hack. That is rule. No PE dare to sign and approve it. many many years back. A HDB owner want to have bigger living hall or simi reason. Hack a wall. In the end, whole block ppl move out. B'coz.. wall crack on the void deck, not those hair line crack hor. Really crack and HDB , PE get those metal to support the wall. Then PE repair the wall and check the whole block structure. The whole block ppl only can go home after PE give green light. If I remember correctly, like the green light only come in the next day. U want to on the newspaper headline? After this case, HDB come out new rule. Renovation permit, BTW, no renovation contractor dare to hack those wall too. B'coz they will lost their license. U want to feed them?

every where is soaring except salary.

joker. TS ask for fish tank. Some joker can offer Fridge . some more got discus. I remove those joker posting. Second thought, may be I should just left it there for Joke of the day

Jump from point block HDB to semi-D Your budget has increase to 1M liao?

http://www.toshiba-aircon.com.au/content.cfm?content=163 Inventor of the Inverter

Point Block min age 30. Bedok and AMK should be around early 80s. That's why u only can found them in mature estate.

I say valuation.. not the whole selling price. Some location might be higher, some may be lower. 405 Bedok Nth Ave 3 11 to 15 118.00 Improved 1980 $680,000.00 Mar 2012 405 Bedok Nth Ave 3 21 to 25 118.00 Improved 1980 $657,000.00 Sep 2011 406 Bedok Nth Ave 3 06 to 10 118.00 Improved 1980 $625,000.00 Sep 2011 406 Bedok Nth Ave 3 11 to 15 118.00 Improved 1980 $625,000.00 Jun 2011 405 Bedok Nth Ave 3 16 to 20 118.00 Improved 1980 $638,000.00 May 2011 405 Bedok Nth Ave 3 21 to 25 122.00 Improved 1980 $650,000.00 Apr 2011 405 Bedok Nth Ave 3 06 to 10 118.00 Improved 1980 $593,000.00 Apr 2011

What is your budget? Point block valuation itself, easily can hit $600k. Mature estate has point block. AMK Bedok North And the place that has mention early

hahaha.. u watch too many movie. But since Bento28 is selling away his unit. This mini casino concern will be gone.

Is ur keyboard cap key spoil? I merge 2 same sale topic and move it to the CORRECT place.

play MJ? How long? Overnight? How many tables? Gather all this and feedback to TC. If just once a week or over the weekend. I think should be fine. Some time, family gathering. But if 24/7 then.. sth is wrong.

Rule from HDB abt renting out the whole unit http://www.hdb.gov.sg/fi10/fi10323p.nsf/w/RentOpenMktRentOutWholeFlat?OpenDocument Eligiblity Conditions : Subtenants Citizenship Subtenants must be : a. Singapore citizens; or b. Singapore permanent residents; or c. Non-citizens legally residing in Singapore who are holders of Employment Passes, S Passes, Work Permits*, Student Passes, Dependant Passes, Professional Visit Passes or Long-Term Social Visit Passes. These passes must have a validity period of at least 6 months as at the date of subletting application. *Construction workers who are Work Permit holders should be Malaysians. Maximum Number of Subtenants The maximum number of subtenants allowed in each flat is: Flat Type Total Number of Occupants 1-room and 2-room 4 persons 3-room 6 persons 4-room and bigger 9 persons Period of Subletting Flat owners are not allowed to sublet the flat on a short term basis. The period of subletting to each subtenant per application must not be less than 6 months.

If I'm not wrong, this parliament, they mention. HDB common corridor need to have 1.5m min wide. But not too sure is this rule enforced? U can do few things. 1. Take a photo of their bicycles park outside the corridor. Measure est what is the space left. Then email to your Town Council. Take few angles and few photos. 2. Email to your town council and HDB. telling them the frequent of changing face in your next door. You worry about family member safety. Or they are making alot of noise, until what time, is it daily/seldom or one in the blue blue moon. Est how many ppl in that unit. Flat owner can rent out the whole unit provided. 1. meet MOP 2. have HDB approval. Need both. Lack of one , flat owner back side will got ants. Then if the flat owner meet the above 2 requirement. There is a max ppl can stay in that unit. How to see? Take a photo of their door step. How many pairs of shoes they had, clothes they hung outside.

http://www.hdb.gov.s...om?OpenDocument HDB offers 2-room flats for sale to provide more affordable housing options for the lower income households. These flats are typically about 45 square metres in area. Each comes with A living area that may be subdivided into an extra room, if neededA kitchenOne bedroom with attached bathroom andStoreroom-cum-apartment shelterEligibility Conditions Citizenship You must be a Singapore CitizenYour family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident. Your average gross monthly household income must not exceed $2,000. ===================== http://www.hdb.gov.s...pt?OpenDocument Designed to meet the needs of elderly residents, HDB's Studio Apartments enable you to maintain an independent and active lifestyle. Sold on 30-year leases, the Studio Apartments are affordable and offer good value for money. Size and Accommodation Studio Apartments come in two sizes : 35 square metres45 square metres.Features To spare you the hassle of renovation, the apartments are sold in ready-to-occupy condition. Each apartment comes with: Floor tiles in the entire flatBuilt-in wardrobeWindow grillesBuilt-in kitchen cabinet with cooker hood and stoveWall tiles for the bathroom/WC and kitchen Features To spare you the hassle of renovation, the apartments are sold in ready-to-occupy condition. Each apartment comes with: Floor tiles in the entire flatBuilt-in wardrobeWindow grillesBuilt-in kitchen cabinet with cooker hood and stoveWall tiles for the bathroom/WC and kitchen Elder-friendly Features For safer and more convenient living, the interior of each apartment is also fitted with useful and elder-friendly features such as: Lever tapsNon-slip tilesLevel flooring from one area to anotherSupport hand barsPull cords linked to an alert system in case of emergency For safer and more convenient living, the interior of each apartment is also fitted with useful and elder-friendly features such as: Lever tapsNon-slip tilesLevel flooring from one area to anotherSupport hand barsPull cords linked to an alert system in case of emergencyYou must be a Singapore Citizen You must be at least 55 years old at the time of application. The average gross monthly household income of all persons listed in your application must not exceed $10,000. If you have previously sold two flats bought with housing subsidies, you can still apply for a Studio Apartment. Offset of Resale Levy Have you sold your first subsidised flat and paid the resale levy, and are now buying a Studio Apartment (SA) instead of a second subsidised flat? The resale levy which you have paid can be used to offset the purchase price of the SA. Amount of Resale Levy Where the amount of resale levy paid is more than the selling price of the SA, HDB will only offset the levy up to the selling price of the SA. The following will not be considered as part of the selling price of the SA : Stamp fees,Conveyancing fees, andOther miscellaneous charges incurred for the purchase of the SA================================================ Base on HDB Studio Apartment - no resale levy -the biggest unit is same size as 2 room HDB - salary cap is 10k while 2 rm HDB is 2k - min age 55 while 2 rm is 21 yrs old. - 2rm HDB is 99 yrs while Studio apartment is 30 yrs old.

SingGas (aka Shell Gas) - $40, 12.7kg, July 2011 - $35 nett (after $5 rebate) , 12.7kg , 11 Aug 2011 Esso/Mobil Gas - $30.50 nett after discount, 12.7kg, Feb 2011 -$36 nett after discount - RRP=$42 . March 2012 (add micah4 input) Solar - $30 nett (after $7 discount), 12.7kg, Jan 2011,

U forget about the studio apartment. They will propose u to sell away your HDB when you reach 65 yrs old. Buy a cheaper studio apartment. Profit will go to your CPF retirement account. See.. problem solve

COV need to pay by hard cash regardless swee or not swee

The math question is can 1k salary buy HDB. Math question didn't ask.. is 1k salary enough to buy HDB and feed the family of 4

Just read another topic started by TS. He mention his salary is $2k. Don't know why he think so far to EC.

He also say can https://www.facebook.com/notes/tan-chuan-jin/earn-1000-a-month-and-you-want-to-buy-a-flat/338028739573241 Earn $1000 a month and you want to buy a flat?! by Tan Chuan-Jin on Friday, March 2, 2012 at 9:01pm · Tears were shed by some, who lamented about the ability to buy flats for their parents in the future. Others raised their eyebrows when DPM Tharman made the point about the $1,000 income family being able to afford to buy a small flat. Online critics went to town to mock the im-possibility of this. Well... For a first time applicant, he can apply for a new 2-room standard BTO (Build-to-Order) flat in a non-mature estate. These flats are set aside for those earning $2,000 and below a month. These households earning $1,000 can qualify for generous housing grants. Available to them are the Additional CPF Housing Grant (AHG) of up to $40,000, and the Special CPF Housing Grant (SHG) of up to $20,000. These grants could be used for the flat down payment. Total = $60,000 How much is a flat? Using the selling price of a new 2-room BTO flat in Fernvale Lea in Sengkang as an example, it is $100,000 (offered in the Jan 12 BTO exercise; the price range was from $83,000 to $112,000) Deduct the $60,000. The applicant needs to pay $40,000. With a loan for $40,000, repayment per month is as shown below: - 30 years loan : $161/mth - 25 years loan : $182/mth - 20 years loan : $214/mth For a young household headed by an income earner with a salary of $1,000 per month. He will have a total of $217 contributed monthly to his CPF Ordinary Account. Monthly cash outlay = $0 This support for families enable them to move from rental to owning their own homes. If they prefer to rent, rentals for those with income of about $1,000 is $90-123 for 1-room, $123-$165 for 2-room. 4300 of these 2-rm BTO flats have been built since 2006. More in pipeline this year. Situation is manageable. Demand for rentals still remain high and we are increasing the building of rental flats. By 2012 we would have about 50,000 and waiting time would come down from 21 to 8 months. This note will not be talking about the range of efforts undertaken for low income Singaporeans. It is meant to explain about one aspect of housing. We have other initiatives to help, amongst which are transfers, job provision etc. Many of these are existing measures and new ones which this Budget 2012 addresses. But I will just mention Workfare. If he's aged 35-44, together with Workfare Special Bonus, he'd get $1,313 per year. If aged 45-54, $1,750 per year. Miscellaneous Info for those interested in some data: - The Average Monthly Household Income from Work among Resident Employed Households for the 1st-10th percent is $1,581 for 2011. - 1 to 2 roomers comprise 4.6% of distribution of resident households. - In Govt transfers, they receive an average of $3,270 per household member. - Across the board, average household size is 3.5 For 1-2 roomers, average household size was 2.2 Key Household Characteristics and Household Income Trends 2011 An Inclusive Society...making it happen Hdb Infoweb Special Housing Grant Additional Housing Grant Help for low income families ComCare Helping the Needy Postscript 1: How the sums can add up for other sized flats Postscript 2: ST Article on Singaporeans owning these flats PS1 We used this 2012 Fernvale Lea example to illustrate the lower end 2R flats. Other flats: 3 Rm. Typical price about $170,000Couple earns $2,500. AHG= $30,000. Cost of flat = $140,00025 year HDB loan will see their monthly repayments fully covered by their CPF contributions (OA). No monthly cash outlay. 4 Rm. Typical price is $280,000Couple earning $4,500. AHG=$10,000. Cost of flat=$270,00025 year will see their monthly repayments being covered mostly ed by their CPF contributions (OA). $60 monthly cash outlay. 5 Rm. Typical price $350,000.Couple earns $6,000.25 year will see their monthly repayments being covered mostly ed by their CPF contributions (OA). $50 monthly cash outlay On average thus far, most HDB loans taken from onset is about 22 or so months. As income rises, and people choose to repay earlier, period can come down.When I last shared this a few months ago, those aged 55 who have not discharged their HDB loans are about 12+% PS2 Straits Times, 9 Mar 2012. Can a Singaporean who earns $850 a month afford to buy a Housing Board flat? Mr Mohammad Charlie Jasni says yes. The odd-job labourer earns that amount, and he and hisfamily will be moving into a new two-room HDB flat in Punggol by the end of the year. BACKGROUND STORY How he pays for his flat Monthly income: $850 Total household CPF: $40,000 Cost of build-to-order flat in Punggol: $99,220 Additional CPF Housing Grant Scheme: $40,000 Remaining cost of flat: $59,220 ($99,220 less $40,000) Estimated monthly instalment for payment: $83 for 30 years Deduction from CPF: $83 Cash outlay: $0 He had successfully balloted for the 45 sq m build-to-order unit in August 2009. It cost $99,220, but because he earns less than $5,000 a month, he qualifies for a government housing grant that gives him $40,000 to offset the flat's price. This means he has $59,220 left to pay, which he will do using his Central Provident Fund (CPF) savings. He and his wife already have about $40,000 in their CPF accounts, and this will grow as he continues to work. Based on the Housing Board's calculations, he needs to pay a monthly housing instalment of $83 over 30 years. 'By paying the $83 out of my CPF, it means I have that little more for daily expenses,' said Mr Charlie, 33. He is currently living with his wife and two children in a two-room rental flat in Beo Crescent. They pay $44 a month for that flat. They are excited about their upcoming home and are already discussing renovation ideas and shopping for furniture. 'It is good to have a home of our own,' he said. Mr Charlie's story puts a face to a statistic that has been debated in the last week. In Parliament last Thursday, Deputy Prime Minister Tharman Shanmugaratnam revealed that 'a family with $1,000 income can now, through our housing subsidies, purchase a small flat'. He was responding to Workers' Party member Gerald Giam's comments about Singaporeans being unable to afford a flat. The minister's remarks sparked off much discussion in both cyberspace and coffee shops alike. Some wondered how $1,000 could buy anyone a flat, given that sum was hardly enough to support a family's daily living expenses. The next day, National Development Minister Khaw Boon Wan explained that Mr Tharman was referring to a new two-room flat. He added that the subsidised price of such flats was about $100,000 if the applicant was a first-time buyer. He would also be entitled to housing grants of up to $60,000. The net selling price would thus be $40,000, and the monthly mortgage payment can be fully paid from his CPF contribution, Mr Khaw said. In response to queries from The Straits Times, the Housing Board said it was unable to say how many households earning $1,000 a month own two-room flats. But it pointed to how that it has two schemes that target low-income, first-time buyers. The Additional CPF Housing Grant Scheme (AHG) benefits households whose income is not more than $5,000 a month. The maximum grant quantum is now $40,000, and it benefits 8,000 households every year, said the Housing Board. The Special CPF Housing Grant (SHG) is given to first-timer families earning up to $2,250 a month to buy a small flat. Those earning $1,500 or less get a $20,000 grant. SHG is over and above regular housing subsidies and the AHG. The Housing Board estimated that about 700 tenants currently renting flats under the Public Rental Scheme can benefit from the SHG if they decide to buy a flat. To date, the scheme has benefited 53 households who have bought two-room flats. The Housing Board also gave The Straits Times five recent case studies of households with monthly income of about $1,000 who bought two-room flats. Four managed to buy new flats with the help of both housing grants. The fifth used only AHG as SHG had not been implemented when he bought his flat. Out of the five families, three were rental tenants who have bought a new flat without taking any loan because they used the housing grant and their own CPF savings. The other two were families currently living with relatives who have bought new flats using both grants and their CPF savings. In one case, a couple who lived in a rental flat bought a new flat in Bukit Panjang. At the point of applying for a flat, their monthly income was $900. The flat cost $106,350. They got the maximum total housing grant of $60,000 - $40,000 AHG and $20,000 SHG. This, together with their CPF savings, meant they did not have to take any loan. In another case, a man and his mother bought a new flat in Sengkang for $117,750. They got $60,000 in grants, and took a 17-year loan with a monthly instalment of $131. Schemes to help with expenses The Straits Times visited five blocks of two-room flats in the Woodlands and Ghim Moh areas this week and spoke to people in over 30 homes. Most of the residents there were renting their units. Of the four who owned their flats, one had downgraded from a four-room unit, while three others had downgraded after selling their previous flat in the Selective En Bloc Redevelopment Scheme. Among those renting, many were in their 60s and 70s and retired. They said they do not have much in their CPF or bank accounts, which is why they cannot buy their own units. Madam Tan Chui Eng, in her 70s, and her husband, Mr Teo Kim Wee, in his 80s, said they have been living in a two-room rental flat in Ghim Moh for six years. Most of the money in their CPF accounts has been used for medical expenses, they said. They have three daughters who pay their monthly rental of $61 and utility bills. 'Of course, we would like to buy our own flat, but we cannot afford it,' said Madam Tan in Teochew. MPs said that with grants and other assistance schemes, households earning $1,000 should be able to afford a two-room flat. Mr Vikram Nair, an MP for Sembawang GRC, said he knows of such households who rely on CPF contributions to finance their purchases. As to whether $1,000 is enough for a family to survive, he said there are public assistance schemes, such as GST vouchers and Workfare Bonus, which can help low-income families cope with daily needs. Mr Liang Eng Hwa, MP for Holland-Bukit Timah GRC, said regardless of whether they buy a flat, low-income households have little cash on hand. But rather than use cash to pay rent, 'why not use the CPF to pay for a flat?' 'The cash they save by not paying rent may not be much, but still it gives them that little more for daily expenditure,' he added. For odd-job labourer Mr Charlie, every bit saved helps to pay for living expenses. His wife does part-time administrative work. He did not think he could afford a flat 'but when the Housing Board reintroduced two-room flats again, I felt that perhaps I could afford one'. In 2006, the Housing Board resumed construction of two-room flats after 20 years, to give more housing options to low-income households. He decided to wait a bit because he wanted to build up his CPF account first. Now that he has bought a home, he feels the pressure of maintaining his CPF account so that the flat can be paid off. 'Some companies are cutting back on manpower and I'm scared that I may lose my job,' he said. But he does not regret buying the unit. He hopes to pass the flat - or a bigger one should they ever upgrade - to his children.

He say one $1k income can OWN flat