forgotten

The COV now may be less than that months ago but the valuation price now may also be higher than that month ago. I think a buyer has to consider the total sale price (Valuation + COV) instead of just the COV. Of course, first time buyers will prefer to pay less COV so that they have more cash for their renovations.

Too add onto chonograph's list, 7) Electric wiring 8) Plumbing to lay water pipes 9) Lightings Electric wiring for whole house is not cheap, this costs 3K to 5K alone.

Long kang? Drain?

WTS: Manicure and Pedicure Sessions I just signed up a 100-sessions package with Nail Palace recently. I realised that it would take me 10 years to finish all of them haha, so I would like to sell some of them away. As I have been their old customer for 7 years, they allowed me to buy new package at my previous package's old price ($38 per session) 7 years ago. Other customers are paying $50+ per session for their packages. Each session consists of Classic manicure + Classic pedicure. Each session is $40.70 (Include GST). You may choose to buy over any number of sessions from me, minimum 5 sessions. Payment is through POSB bank transfer so that you can keep a record of our transaction. You can use your sessions at any Nail Palace outlet below. You just need to quote my NRIC number and name to utilise them. Ang Mo Kio Hub Boon Lay MRT Clementi City Vibe Hougang Mall Sembawang Sun Plaza Jurong Point Simei East Point Tampines MRT Tanjong Pagar MRT Tiong Bahru Plaza Pasir Ris MRT Tanjong Pagar MRT Yew Tee MRT If you are interested or have any enquiries, please SMS me (Elaine) at 92 72 44 53. Thanks. I can email you my scanned invoice from Nail Palace upon request.

My friend's friend got a leftover unit that was vacant for a few years. It came with a female spirit My other friends got leftover units that were fine though. It depends on one's luck.

So far, I never hear of any bank that will give 100% legal subsidy for lawyer fee. My case as example: Loan from bank = 275K Lawyer fee = $2800 (including $500 stamp fees) Legal Subsidy from bank = 40% of $2800 I paid remaining 60% using my CPF.

LOL~ chicken cages

For resale unit that is in good-condition, it's possible to only do repainting (1.2K), then one can move in. For BTO unit, even if it comes with floor tiles, wall tiles and doors, one still need to spare 20K for renovation. So it's not always true that one will spend LESS money on BTO flat's renovation than resale flat's renovation. Furthermore, one has to be super lucky to be able to grab one of those BTO left over flats. There're 20,000 applicants for 1,624 left over BTO units in the recent August's Balance of Sale Exercise!

Warrior, I think it means sellers must submit their checklist and financial report, wait 7 days, then can grant OTP to buyer. I pity the staff at HDB. More new rules mean more admin work and phone calls for them. Next year end, I gonna attend HDB resale seminar cos I want to sell my house by myself.

HDB unable to allow exemptions for those who inherit overseas properties: Mah By Claire Huang | Posted: 18 October 2010 1602 hrs http://www.channelnewsasia.com/stories/sin...1087794/1/.html SINGAPORE : The Housing and Development Board (HDB) is unable to allow subsidised flat owners from owning overseas properties, even if they are inherited. National Development Minister Mah Bow Tan said this in Parliament on Monday in response to a question from MP Lee Bee Wah, who asked whether HDB will allow exemptions to those who inherit foreign properties out of bequests. "HDB is unable to allow exemptions for those who inherited these overseas properties as a general policy. However, I will ask HDB to look into the circumstances of special cases on appeal," said Mr Mah. Mr Mah said the ministry has received a few hundred appeals from Permanent Residents (PRs) on this issue. When asked how many of the appeals have been successful, Mr Mah said HDB is in the process of assessing them. Under the current policy, HDB flat buyers are not allowed to own local or overseas private properties concurrently, within the Minimum Occupation Period. From end August this year, the same rule also applies to buyers of non-subsidised flats. Mr Mah said this is to ensure that those who can afford private properties anywhere do not compete for limited public housing subsidies. He added that HDB flat buyers are required to declare any interest or ownership in private property, local or overseas. Mr Mah also said that HDB conducts spot-checks locally and overseas. The penalty for false declarations is a fine of up to S$5,000 or a jail term of up to six months, or both. - CNA /ls

nothing wrong to park CPF right?

HDB page: "(iii) During the Resale First Appointment, sellers have to produce the original copy of the Resale Checklist, Estimated Sales Proceeds and Financial Plan calculations (if applicable) deposited in the Repository for verification. " Horse win liao... there're more possible things to screw up the 1st HDB appointment.

It looks like the new measures rolled out on 30 August aren't working as horse wanted, so he 'invents' something last minute again. Horse is definitely desperate. He promised Lift Upgrading for all blocks in Tampines!

So mafah troublesome! PAP is desperate to reduce transaction volume before GE, hoping it will stop the resale index from going up further?

Same as wolflet, I also think it's due to the air pressure/flow in the room. Whenever I open and close my MBR door, my toilet bi-fold door will automatically open itself by a bit in the middle but there's no noise. My two doors are facing each other. How about you install a hook lock at the side corner of your toilet door that will allow you to hook up the door from the MBR? It'll be easier for you than using door stopper, and your toilet door will stay closed throughout the night. See the hook lock pic here: http://www.saferkidsandhomes.com/shp.php?p...559&lgid=en I installed this hook lock for my kitchen toilet door after my tenant broke its door handle lol.

I think GCT and his gang will still continue to let foreigners "buy air" like what GCT said to media earlier. Good source of stamp fees etc to govt.

haha i think lizards and cockroaches will be more effective than pig head.

If it's female tenant, I will hang lizards and cockroaches at her doorstep.

Mid-floor can be any floor between 6th to 10th. City view is possible if his block is surrounded by open field or and low lying buildings wat

Intention will be changed over time, as like & taste switch. Wife 3 yrs sian liao, hair 3 yr color white, face become dimmer, figure fading away also..... a lot of us when find wife alway say wanna ride 10yr but backside start getting itchy after 3yr. we'll change our plan/liking along the way. so better don't commit big ticket item (marriage) based on impulse buying. must be with a clear mind... Disclaimer: Just for laugh

Termites are not vampires leh.

Will you pay more than 1 million for a Hudc flat?

Straits Times Home > Prime News > Story Oct 6, 2010 Shunfu HUDC flat sells for $1.1m AN OLDER HUDC flat at Shunfu Road has been sold for $1.1 million, a record high in Bishan for this phased-out type of Housing Board (HDB) project. At least two other similar-sized HUDC flats have sold for slightly higher prices, but they featured condominium-like facilities not on offer at the Shunfu Road flat. The 1,668 sq ft apartment on a high floor of Block 315 sold at $659 per sq ft (psf). It won HDB resale approval last month but was sold in July, before government cooling measures took effect. ERA senior marketing director Sandy Lim, the agent who brokered the deal, said the home was valued at about $900,000, which means an impressive $200,000 cash-over-valuation (COV). She said the buyers, Singaporeans, liked the flat's location and spaciousness, even though it was close to its 'original condition'. The buyers also agreed to pay the $30,000 in privatisation costs. The estate, at blocks 314 to 319, is set to be privatised by the end of the year. HUDC flats were built in the 1970s and 1980s as an option for middle-income citizen families. HDB phased out building them in 1987 as demand fell. There are 18 HUDC estates comprising 7,731 residential and 23 shop units. All but Braddell View have been privatised or identified for privatisation. The latest price has raised eyebrows as it is unlike Braddell View, which has a clubhouse and swimming pool despite not being privatised yet. Two 1,701 sq ft Braddell View HUDC flats at Block 10H sold for $1.2 million each in June and August this year. A check on HDB's website showed that the Shunfu HUDC estate has seen a premium in prices over neighbouring HDB flats, even though the latter might be closer to Marymount MRT station. For example, a slightly larger 1,701 sq ft HDB maisonette at nearby Block 301 sold for only $760,000. Experts are surprised at the $1.1 million price, but say the city-fringe location, its imminent privatisation and collective sale potential could be key to the result. Mr Colin Tan, head of research and consultancy at Chesterton Suntec International, said $1.1 million was a high price to pay for an older flat that had only about 75 years left on its lease. 'The buyer is probably paying for the en bloc potential of the estate and also the generous space of HUDC flats that you can't find anywhere else these days,' he said. Mr Eugene Lim, ERA Asia Pacific associate director, agreed the rarity of such large format units was a key reason for the bumper price. He added that the value of an HUDC estate would probably rise by at least 8 per cent to 10 per cent once privatised. 'The increase will probably come after the estate is gated up or, if possible, when a swimming pool, gym or clubhouse is built...This work to enhance the property will definitely make the estate more appealing,' he said. ERA's Ms Lim said she is currently marketing another 1,646 sq ft HUDC unit in the Shunfu estate for $1.28 million. This unit, however, is fully renovated with designer furnishing, she said. A resident at Block 315, who asked to be known only as Mr Lim, said he was unlikely to sell his 1,770 sq ft flat as it was in 'a very nice neighbourhood'. 'We have seen fliers in the past on sales transacting at over $1 million, but we didn't know whether to believe it...I might sell if an en bloc offer with the right price comes along, but probably not individually.' Privatisation means HUDC residents become owners of their units as well as the common property, and so have better control over the running of their estate. They will also no longer be subject to HDB's housing policies such as having to seek approval to sublet their flats. HDB said in July that privatisation costs that owners might incur - legal and survey fees, for example - will be capped at $30,000 per flat for the Shunfu estate. esthert@sph.com.sg

Furthermore, it is possible to buy private property 5 years after buy hdb, and own both of them. But if buy private property now, hdb will be out of reach. I also think hdb is a financial prudent choice for first-time home owners. Shouldn't wear a hat that's bigger than our head. No point eating maggi mee for every meal just to own a BMW.

Well said