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personal loan Must had a job. In case, the lender miss the payment, Bank will come after the guarantor, ask guarantor to pay.

Your property agent should advice you on this. Isn't that their job? As for the bank loan, base on my understanding, HDB will not clean up your OA account. BUT since you are selling and buying. HDB will clear up 50% of your profit gain (cash or CPF) http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatAppt?OpenDocument First Appointment Finalise Buyer’s Resale Financial Plan If you are taking a bank loan, the HDB Customer Service Manager will only verify the amount of mortgage loan you are taking from the bank. The bank's lawyer who is acting for your purchase will advise you on the amount of conveyancing fees payable and when to make the various payments. Documents buyer needs to bring for First Appointment Buyer will need to bring: Original Identity Card of buyer(s) or Passport in absence of Identity card, along with 1 photocopy HDB Loan Eligibility Letter/Letter of Offer from Bank Income documents for assessment of income ceiling if taking the CPF Housing Grant Income documents for assessment of income ceiling if taking the Additional CPF Housing Grant (AHG) Latest Pay slips if taking an HDB loan Power of Attorney, if applicable Original Buyer's Resale Checklist Lasting Power of Attorney (LPA), if applicable Completion Appointment (Second Appointment) The completion appointment for the purchase/sale of the resale flat (commonly known as the "second appointment") is scheduled about six to eight weeks from the date of the first appointment. Purpose of Completion Appointment The Completion Appointment is for the HDB to witness The signing of the transfer document by the seller of the resale flat The signing of the mortgage document/agreement by the buyer (if buyer is taking an HDB loan) The handing over of the keys from the seller to the buyer (or to the buyer's lawyer if the buyer took a bank loan and engaged the bank's lawyer to act for the purchase) after: The buyer confirms that the flat has been vacated and the conditions are acceptable (buyer should arrange for a final inspection of the flat with the seller before the date of completion) The seller has paid the service and conservancy charges and property tax up to date and are able to produce the official receipts What Buyer Should Do Before the Completion Appointment 1 Inspect the flat You will have to ensure that the flat is vacant and the physical condition is acceptable before you take possession of the resale flat 2 Buy Fire Insurance If you are taking an HDB loan, you will have to buy a Fire Insurance from the HDB’s appointed insurer, ETIQA, at Toa Payoh HDB Hub, Atrium 2nd storey, Fire Insurance Counter with the resale completion appointment letter. You can buy the Fire Insurance on the day of the completion appointment and produce the receipt for the payment to the resale Customer Service Manager during the completion appointment. ETIQA Insurance Berhad(ETIQA) is the appointed insurer. For more details about the HDB Fire Insurance, you may call ETIQA's enquiry line 6331 9253 or visit ETIQA's website. Payment to be made by Buyers during the Completion Appointment If you are taking an HDB loan, you must pay the balance of the resale price of the flat, if any, on the date of the completion of the resale flat purchase. The payment has to be made in cash or Cashier’s Order to the Payment Office at Level 3, HDB Hub.

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1256330/1/.html Former lawyer jailed for criminal breach of trust SINGAPORE: A former lawyer has been sentenced to six years' jail for unauthorised transfers and misappropriation of monies from his firm's client account amounting to almost S$1.5 million. Raymond Tan Tiong Hian, 44, had committed the offences by relying on pre-signed cheques on 31 occasions over a 17-month period from June 2009 to November 2010. The misappropriated funds were paid out to 11 recipients who were unaware of his illegal doings. The court heard that part of the money was used to foot personal expenses and mostly used to help pay the debts of the father of a woman with whom Tan had a child with. Some of the misappropriated funds were also paid to Tan's wife, Chew Bee Hoon. In mitigation, Tan's lawyer said his client is remorseful and has made restitution of close to 90 per cent of the funds misappropriated. But prosecution urged for a deterrent sentence, saying the net loss to victims amounted to more than S$178,500. In sentencing, the district judge pointed out that the offences Tan committed were serious. He said Tan had made the unauthorised transfers as a practising solicitor, which resulted in the clients' financial loss as well as loss of trust in the legal profession. The judge said Tan's acts were pre-mediatated and warranted custodial term. Of the 31 counts, prosecution proceeded on 10 charges. The judge noted that for those 10 charges, the amount of funds came up to more than S$900,000. He added that the larger the amount involved, the greater the culpability and that the sentence must reflect the gravity of the offences. While the judge said he took Tan's remorse and restitution efforts into consideration, he said these cannot be over-emphasized. Tan could have been jailed up to 10 years and fined on each count of criminal breach of trust. - CNA/ck

U can DIY if you already has a buyer on hand. Just go to HDB web and read thru the step by step. Print out the doc

http://www.renotalk.com/forum/index.php?showtopic=1030 Guide on how to upload photos

Trap at 98 for almost a week. Yesterday night manage to clear. Now trap at 101. That time bomb, drive me crazy.

http://sg.finance.yahoo.com/news/singapore-may-scrap-u-dollar-075325412.html SINGAPORE, Feb 18 (Reuters) - Singapore's central bank is expected to scrap its U.S. dollar-linked interbank lending rate, according to a banker with knowledge of regulators' reviews into the setting of interest rates following the Libor rate rigging scandal. The Monetary Authority of Singapore ordered members of the Association of Banks in Singapore in July to review how they set their benchmark interbank lending rates, focusing on the Singapore interbank offer rate (Sibor) and the Swap Offer Rate (SOR). The order came after U.S. and UK authorities uncovered widespread manipulation of the London interbank lending rate (Libor). The banker said, in a text message exchange with Reuters, that as a result of those reviews the abolition of the U.S. dollar Sibor was "likely". The MAS provided no new comment on the matter when contacted by Reuters. In December, the regulator said the reviews were ongoing and it was premature to speculate on their outcomes. U.S. dollar Sibor is a measure of the cost of borrowing U.S. dollars in the Singapore interbank market, and is used to price loans made by Singapore banks in U.S. dollars. Banks can use alternatives, like the U.S. dollar Libor rate. The more significant market in Singapore is the Singapore dollar Sibor, which is used as the reference price for many commercial and home loans in the city-state. The MAS probe was extended in late September when the regulator said banks must also look at how rates for non-deliverable foreign exchange forwards are set. Reuters reported last month that bank reviews found that NDF rates had been manipulated as well. Singapore's probe was similar to those launched by other regulators across the globe following last year's Libor scandal, when U.S. and UK authorities unveiled widespread rigging of the London interbank rate, a benchmark used to price more than $500 trillion worth of contracts from derivatives to mortgage rates to credit cards. U.S. and UK regulators have fined three banks to date - RBS, Barclays and UBS - a total of $2.6 billion for allowing traders to manipulate Libor interbank rates. Bloomberg reported earlier on Monday that Singapore's central bank was considering ending the city-state's U.S. dollar-linked interbank lending rate. Citing an anonymous source, the report said members of the Singapore Foreign Exchange Market Committee in a Jan. 22 meeting examined the proposal during a discussion of MAS's review of benchmark rates. The group may instead use the U.S. dollar London interbank offered rate, the article said, with changes expected by June. Thomson Reuters, parent company of Reuters News, acts as the agent for the Association of Banks in Singapore, collecting and calculating the rates. (Reporting by Rachel Armstrong; Additional reporting by Elzio Barreto and Kevin Lim; Editing by Michael Flaherty and Simon Cameron-Moore) =================== If Sibor really scrap. What will happen to existing owner who sign up Sibor?

does ur 40k include the light, wire and kitchen hob, hoob, sink, tap, switches, air con, furniture, etc? My is 4rm. I do simple simple reno w/o do flooring and hacking wall and floor. Also cost me est $26k,

cannot access your link

now you at which level?

Yes. one price per level You need to inform the mover early.

http://www.case.org.sg/downloads/Consumer%20Alerts/Consumer%20Alert%20November%202012%20-%20Shangrila%20Travel.htm Consumer Alert November 2012 CASE alert on Shangrila Travel Pte Ltd ("Shangrila Travel") In the last week of November 2012, CASE received 5 cases from consumers with regards to their purchase of air tickets through Shangrila Travel. The 5 consumers informed CASE their experience with the company:- They were not issued tickets or were informed by the airlines concerned that reservations had been cancelled or payments were not made to the airlines;Shangrila Travel was unable to honour the bookings made by the consumers;That although Shangrila Travel is a live company, some of the consumers are unable to contact the company or had difficulty in contacting the company representatives. CASE would like to remind consumers to exercise prudence when booking air tickets through travel agencies. They should seek reliable recommendations from members of their family or friends before purchasing air tickets through travel agencies. Consumers are advised to proceed to the Small Claims Tribunal if they become uncomfortable with their disputes with this company and the company continues to be uncontactable.

http://www.relax.com.sg/relax/news/1606040/Customers_stranded_without_air_tickets.html SINGAPORE - Holiday booked. Suitcases packed. Return flight checked. The Koh family had even bought their air tickets two months in advance, to ensure that dad, mum and their three children would be able to travel to China together in November. But three hours before take-off, engineer E. Koh, 43, and his florist-wife, 44, received a nasty shock. The travel agency staff member who had handled their holiday arrangements told them the flight was overbooked and wanted them to postpone their departure. The Koh family are among a group of holiday-goers whose travel plans were disrupted when Shangrila Travel in People's Park Centre failed to provide the air tickets they had paid for. Mr Koh recalled: "She told us not to go to the airport. Instead, she wanted us to change the date of departure." Stunned, Mr Koh went to the airport anyway. He said: "I was hoping it was a bad joke because it was our departure date." To his dismay, the airline check-in staff said their names were not on the list. Seats were still available - at a price. The family could fly if they paid $1,200 each - more than double what the family of five had forked out previously. An upset Mr Koh refused. They went to the travel agency at People's Park Centre, with suitcases in tow. Didn't answer phone "The staff didn't answer the phone, so we had no choice but go in person to sort things out," Mr Koh added. "But the place was locked and no one seemed to be in." Desperate to get to China in time to meet their relatives and tour Yunnan together, Mr Koh ended up handing over another $4,216 in airfare to another travel agency. He also went to the police and lodged a complaint with the Small Claims Tribunal. A police spokesman confirmed that a report was lodged against the travel agency for breach of agreement. The tribunal ruled in Mr Koh's favour - the travel agency has to pay him the $4,216 by Feb 7. But he has yet to hear from them. Like Mr Koh, LaSalle student Zhan Bowen, 18, and chef Wu Wenbin, 30, almost had their holidays grounded too. Mr Zhan paid $590 to fly to Shanghai on Dec 5. He was supposed to return on Jan 4. But in late November, just a week before he was due to fly off, Mr Zhan said a Shangrila Travel employee called him. "The ticket was not confirmed. She later revealed that the ticket had been cancelled." Shocked, Mr Zhan called the airline. Staff there told him they cancelled the ticket because the travel agency had not paid up. To make matters worse, he had also booked a return flight to Harbin for his cousin from Shangrila Travel. In all, Mr Zhan lost more than $1,300. His family ended up booking another flight in late November for him. "I went to Shangrila Travel because my friend said their service was quite good," he said. "When I asked the woman about compensation, she said I needed to wait till January as the management was 'in discussion'." That was the last Mr Zhan heard from her, despite repeated calls and visits to the premises. Last August, Mr Wu forked out $1,100 in airfare for his wife and himself. The couple were supposed to fly to China this month, but they got wind in November that Shangrila Travel had left some customers stranded. The airline told Mr Wu that there were no bookings under their names. "It's tough buying tickets again, as the period (we wanted to travel) is peak season. Our plans have been ruined," Mr Wu said. "I never thought this can happen as Singapore's laws are so strict." When The New Paper went to the agency located in the mall's basement in November, it was brightly lit, with brochures advertising destinations like Beijing and Korea placed along the corridor. But no one was in. When TNP went there last week, the shop lot was empty. A shopkeeper, who wanted to be known only as Mr Tan, said groups of people started milling around outside the travel agency in late November. "I told the people hanging around they don't have to wait because nobody is going to turn up. "But every day, different people come by to ask where the staff are," he said. Mr Tan said the agency was manned by two women, a female boss and her employee. They moved into the unit in 2011. A woman who identified herself as Ms Tay later told TNP on the phone that the travel agency had been closed temporarily as its staff were busy running errands during lunch. After giving a quote for a return flight to Beijing, she told this reporter to transfer the money electronically to the agency. Still operating When TNP visited one of the directors at her residential address, a family member insisted the agency was still operating. The Consumers Association of Singapore (Case) executive director Seah Seng Choon said the watchdog has received 10 cases against the agency to date. He told TNP: "They are all due to the fact that the travel agency has failed to honour the contract of agreement and failed to provide consumers with air tickets, even though payment was made." Last year, Case received over 1,400 travel-related complaints. (See report on right.) Mr Seah said affected consumers can approach Case officers for advice on how to file a claim against the company or seek legal recourse. "Case actively monitors the consumer marketplace for unfair practices committed by businesses," he added. The watchdog can ask businesses to sign voluntary compliance agreements (VCA) to stop their unfair practices. If the businesses refuse to sign the VCA, Case can also take a court injunction to prevent them from further engaging in unfair practices. What affected consumers can do Besides making a police report, what else can affected consumers do? They can also lodge a complaint with the Small Claims Tribunal (SCT). These are the civil remedies available, said MrTan Hee Joek from law firm Tan See Swan. If the company ignores the SCT order to repay, the consumer can apply to the subcourt bailiff's section to enforce the order. This is a legal process where consumers can seize the company's assets and sell them to get repayment. But this will involve some hassle. Said Mr Tan: "The affected consumer would have to do a lot of paperwork and go to the courts to get the order." The creditor can also apply for a garnishee order, through which a creditor can seize funds from a debtor's bank account. The cases highlighted here fall in a grey area, said Mr Tan, somewhere between a civil dispute and criminal cheating. While he recognised that police resources are finite, Mr Tan added: "This sounds like a scam and it would be good if the police can do something about it." That's why Mr Suresh Divyanathan, the head of law firm Oon & Bazul's commercial arbitration practice group, said it was better for consumers to liaise directly with the airlines. "If they opt for a travel agent, always pick those who are reputable and have been around for a long time". Relax News Article Customers stranded without air tickets By Koh Hui Theng, The New Paper | Fri, Feb 15 2013

If you look at other side, you will realize this requirement actually protect the wife. There are case, husband sold the HDB w/o wife consent, took the money and run away. Left the wife and child homeless.

ask the owner to return the $5k. No point sueing the owner.

Do u own ah long $$?

Basically depend where u stand. Buyer or seller. When I look for HDB, the seller agent also block other buyer agent , not even let them view the unit. B'coz we are direct buyer, the seller agent can earn 2 side. That's why we get to view. There are another group also get to view but the buyer too ya ya, said .. I had money, any price also can.. (base on what seller agent told us). The seller agent kind of block his offer b'coz he said he don't like the buyer behavior. like using money to thrown at your face. But I guess.. mostly b'coz of the seller condition. As the seller is sell first then buy. he will need more time to move out from his existing unit. While that ya ya buyer, sold his condo. Now need to get a place to STAY FAST. While we has a place to stay.. got time. Our timing more match with the seller. Less problem .. my guess.

ya. quite common, I know condo that launch on 2003 already don't lay tiles behind cabinets, wardrobe , toilet mirror.

not sure will be so zhun or not. My contractor add 1/2 tiles on my existing wall b'coz he said my previous owner contractor any how do. Do the cabinet until so low, he said if follow their, will knock tio head. However if you plan to do glass backing, tiles also can no need to hack. I put my glass backing w/o hacking the old tiles.

lay tiles first then up cabinet.

Yes, your ID is right. It is common use in Condo, BTO, DBSS, etc Whether get ants easily.. don't know

http://www.todayonline.com/Singapore/EDC130111-0000131/Govt-announces-new-property-cooling-measures SINGAPORE - From tomorrow, new measures to cool the private and public housing markets will take effect. The measures include tighter eligibility for loans to buy HDB flats, Permanent Residents (PRs) who own a HDB flat will be disallowed from subletting their whole flat, and they must sell their HDB flat within six months of purchasing a private residential property in Singapore. The changes are meant to further moderate the demand for HDB flats, instil greater financial prudence among buyers, and require owner occupation by PR buyers, said the Ministry of Finance, Ministry of National Development, Monetary Authority of Singapore and Ministry of Trade & Industry in a joint statement. For Executive Condominiums (ECs), the maximum strata floor area of new EC units will be capped at 160 square metres, while sales of new dual-key EC units will be restricted to multi-generational families only. Private enclosed spaces and private roof terraces will be treated as gross floor area (GFA), which will be counted as part of the "bonus" GFA of a residential development and subject to payment of charges. There will also be Additional Buyer's Stamp Duty (ABSD) rates imposed on PRs buying their first residential property and on Singaporeans purchasing their second residential property. These measures are temporary, and will be reviewed in the future depending on market conditions, said the joint statement. The Government is also introducing Seller's Stamp Duty (SSD) on industrial property to discourage short-term speculative activity which could distort the underlying prices of industrial properties and raise costs for businesses. More details from the joint statement: ADDITIONAL MEASURES TO ENSURE A STABLE AND SUSTAINABLE PROPERTY MARKET 1 The Government announced today a comprehensive package of measures to cool the residential property market. It also introduced a Seller's Stamp Duty on industrial properties for the first time, to discourage speculative activity in the industrial market. Cooling Measures for the Residential Property Market 2 The Government has implemented several rounds of measures to cool demand and expand supply, so as to moderate the increase in housing prices. While these measures have dampened speculative buying, the demand for residential property remains firm and prices have continued to rise. 3 The continued buoyancy of the property market reflects the very low interest rate environment and continued income growth in Singapore. These factors supported a record level of housing transactions last year, particularly from investment demand. Housing prices have also shown signs of reaccelerating in recent months, in both the private residential and HDB resale flat markets. Price increases, if not checked, will run further ahead of economic fundamentals and raise the risk of a major, destabilising correction later on. 4 The Government has therefore decided to implement a further set of measures to cool the private and public housing markets. These measures are calibrated to be tighter on property ownership for investment, as well as on foreign buyers. To discourage over-borrowing, financing conditions for housing have also been tightened. In addition, structural measures have been implemented to strengthen the policy intent of public housing and executive condominiums. 5 Deputy Prime Minister and Minister for Finance Mr Tharman Shanmugaratnam said: "The reality we face is that interest rates are extraordinarily low, globally and in Singapore, and continue to add fuel to our property market. We have to take this further round of measures now, to check recent market trends and avoid a more serious correction in prices further down the road." 6 Minister for National Development Mr Khaw Boon Wan said: "A large supply of public and private housing - up to 200,000 units in total - will be completed in the coming years. Coupled with the new measures, we will be better placed to ensure that housing remains affordable to Singaporeans." Measures Applicable to all Residential Property 7 The following measures will take effect on 12 January 2013: a) Additional Buyer's Stamp Duty (ABSD) rates will be: i) Raised between five and seven percentage points across the board. ii) Imposed on Permanent Residents (PRs) purchasing their first residential property and on Singaporeans purchasing their second residential property. b) Loan-to-Value limits on housing loans granted by financial institutions will be tightened for individuals who already have at least one outstanding loan, as well as to non-individuals such as companies. c) Besides tighter Loan-to-Value limits, the minimum cash down payment for individuals applying for a second or subsequent housing loan will also be raised from 10% to 25%. 8 The measures listed above will not impact most Singaporeans buying their first home. Some concessions will also be extended to selected groups of buyers, such as married couples with at least one Singaporean spouse who are purchasing their second property and will sell their first residential property. 9 These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions. 10 The details of the ABSD measure are set out in Annex I, and the housing loan measures, in Annex II. Measures Specific to Public Housing 11 The Government is also introducing measures to further moderate the demand for HDB flats, instil greater financial prudence among buyers, and require owner occupation by PR buyers. The following measures will take effect on 12 January 2013: a) Tighter eligibility for loans to buy HDB flats: i) MAS will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial institutions at 30% of a borrower's gross monthly income ii) For loans granted by HDB, the cap on the MSR will be lowered from 40% to 35%. b) PRs who own a HDB flat will be disallowed from subletting their whole flat. c) PRs who own a HDB flat must sell their flat within six months of purchasing a private residential property in Singapore. Details of these measures are in Annex III. 12 An additional measure will take effect on 1 July 2013 to tighten the terms for granting HDB loans and the use of CPF funds for the purchase of HDB flats with remaining leases of less than 60 years (details of this measure are in Annex IV). Measures for Executive Condominium Developments 13 The Government will introduce measures specific to new EC developments to ensure that ECs continue to serve as an affordable housing option for middleincome Singaporean families. 14 The following measures will take effect on 12 January 2013: a) The maximum strata floor area of new EC units will be capped at 160 square metres. b) Sales of new dual-key EC units will be restricted to multi-generational families only. c) Developers of future EC sale sites from the Government Land Sales programme will only be allowed to launch units for sale 15 months from the date of award of the sites or after the physical completion of foundation works, whichever is earlier. d) Private enclosed spaces and private roof terraces will be treated as gross floor area (GFA). The GFA of such spaces in non-landed residential developments, including ECs, will be counted as part of the 'bonus' GFA of a residential development and subject to payment of charges. This is in line with the treatment of balconies under URA's current guidelines. Details of this measure are at www.ura.gov.sg/circulars/text/dc13-01.htm. Cooling Measure for the Industrial Property Market: Seller's Stamp Duty 15 Prices of industrial properties have doubled over the last three years, outpacing the increase in rentals. In addition, there has been increasing speculation in industrial properties: in 2011 and the first eleven months of 2012, about 15% and 18% respectively of all transactions of multiple-user factory space were resale transactions carried out within three years of purchase. This is significantly higher than the average of about 10% from 2006 to 2010. 16 The Government is introducing Seller's Stamp Duty (SSD) on industrial property to discourage short-term speculative activity which could distort the underlying prices of industrial properties and raise costs for businesses. 17 The following SSD rates will be imposed on industrial properties and land bought and sold within three years of the date of purchase: a) SSD at 15% if the property is sold in the first year of purchase, i.e. the property is held for one year or less from the date of purchase. b) SSD at 10% if the property is sold in the second year of purchase, i.e. the property is held for more than one year and up to two years from the date of purchase. c) SSD at 5% if the property is sold in the third year of purchase, i.e. the property is held for more than two years and up to three years from the date of purchase. These SSDs will apply for industrial properties and land bought on or after 12 January 2013. 18 The Inland Revenue Authority of Singapore (IRAS) will be releasing an E-tax guide on the circumstances under which SSD is applicable and the procedures for paying SSD. The E-tax guide will be available at www.iras.gov.sg Issued by the Ministry of Finance, Ministry of National Development, Monetary Authority of Singapore and Ministry of Trade & Industry 11 JANUARY 2013

Old thread is not removed. U need to change the setting Default setting is last 90 days Go to the end of the forum section Click "click here to show filter option"

Do u know why no ppl reply your thread. B'coz u ask a super board question. Basically is like.. Hi, I bought a HDB resale. Can tell me which furniture / brand should I buy, HOW would we know?????????????

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1245322/1/.html URA investigating sale of Forestville EC units SINGAPORE: The Urban Redevelopment Authority (URA) said it is still investigating the proposed sale of Forestville executive condominium (EC) on 28 December. In a response to queries from Channel NewsAsia, URA said the Controller of Housing (COH) had instructed the developer, Hao Yuan Investments, on 28 December not to sell units in the Forestville EC project, pending further investigations. The statement added "the developer has launched the project with some proposed changes to the development's plans which had not been approved, and this is not allowed." Channel NewsAsia understands that the developer had initially received the necessary approvals from URA for the sale. However, the company had made some changes to the development plans at the eleventh hour and this has prompted URA to step in and stop the sale. It is believed the URA is currently looking into the entire process leading up to the intended sale. This includes ensuring the proposed changes to the development plans are in good order. URA added that "the results of the investigation will help us determine what further actions to take". Hao Yuan issued a statement on Saturday to clarify that "there were no bookings of units for Forestville EC as originally intended on Dec 28." Instead, the company said "the balloting process proceeded as usual in order to determine the sequencing order of the applicants." It added that there were also no booking fees collected and as such there will be no forfeiture. This came following reports on Friday claiming that about 20 per cent of the dual-key units at Forestville were snapped up within two and a half hours of the launch. The developers have included about 200 such units in the 653-unit project. Dual-key units are designed to contain separate living spaces under one roof. - CNA/xq