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Data Protection regulations start 2 Jul 2014

Posted on 5 Jul 2014 | Comments Off

The Personal Data Protection Act 2012 (PDPA) is in full effect as of today, after an 18 month transition period for companies to prepare for compliance.

Organisations will now have to comply with rules in the Data Protection provisions of the PDPA, along with the Do Not Call provisions implemented on 2 January 2014.

Those who do not comply may be fined.

From 2 July 2014, organisations will have to notify individuals why their personal data is being collected, used or disclosed, and obtain their consent to do so.

However, they can continue to use personal data collected before today without obtaining fresh consent, unless the individual has asked the organisation to stop doing so.

Reasonable security arrangements must also be made to prevent any unauthorised activity to the personal data. In addition, individuals will now have the right to access and correct their personal data.

Leong Keng Thai, Chairman of the Personal Data Protection Commission (PDPC) said, “With increasingly more data being generated and shared, the PDPA is necessary in order to strengthen Singapore’s position as a trusted global data hub.”

In January 2014, PDPC released proposed advisory guidelines on the PDPA to scenarios faced in the real estate agency sector, and sought feedback on them.

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Tagged Do Not Call, PDPA, Personal Data Protection

Downtown MRT Line boosts home prices

Posted on 21 Jun 2014 | Comments Off

“Many studies have shown the positive impact on prices for houses within proximity to new public transportation, most notably metro systems, tram, suburban railway and bus stations,” according to the latest Knight Frank report on the impact of transport corridors and urban mass transit systems on house prices.

In Singapore, Stages 2 and 3 of the Downtown MRT Line have led to value enhancements of private non-landed residential developments around future stations.

Downtown Line
Source: Knight Frank

Prices of developments situated within 500 metrs of the future Hillview, Beauty World and King Albert Park MRT stations along Upper Bukit Timah Road (in District 21) and Rochor station (in District 7) have seen prices surpass the 20.5 percent average increase in the Outside Central Region (OCR) non-landed private residential price index, since the announcement of alignment plans for Phase 2 of the Downtown MRT Line.

Stage 2 of the Downtown MRT Line is set for completion in 2016 and will run from Bukit Panjang through Bukit Timah, while Stage 3 covers the industrial areas of Ubi and Kaki Bukit as well as Tampines Regional Centre and Changi Business Park when it is ready by 2017.

According to the Global Competitiveness Index by the World Economic Forum, Singapore ranked second globally in terms of infrastructure, with Hong Kong taking the top spot.

Global Competitiveness Index by the World Economic Forum