Tag Archives: HDB

Salesperson disciplined for misleading client

Posted on 25 Nov 2013 | Comments Off on Salesperson disciplined for misleading client

On 5 September 2013, Salesperson was found guilty by the Disciplinary Committee for bringing disrepute to the estate agency industry by making misleading statements and producing a misleading HDB ownership information sheet to a potential tenant.

Salesperson tried to rent out a HDB flat co-owned by her and her ex-husband. She misled a potential tenant by saying that the flat was owned by a cousin. Salesperson  subsequently produced to the potential tenant a HDB ownership information sheet altered to show only the name of the ex-husband as the owner. The potential tenant was misled on the ownership of the flat and proceeded to lease the flat.

Salesperson was convicted and suspended for three months with effect from 5 September 2013, and ordered to pay fixed costs of $1,000 to CEA.

When seeking to rent a flat, consumers are advised to check that the person you are dealing with is the rightful owner of the flat. Ask for documentary proof of flat ownership e.g. service & conservancy charges booklet, annual loan statements which bear the flat owner’s name.

Source : CEA

Comments Off on Salesperson disciplined for misleading client

Posted in CEA

Tagged , , , , ,

New housing policy for singles well-received: Khaw Boon Wan

Posted on 5 Aug 2013 | Comments Off on New housing policy for singles well-received: Khaw Boon Wan

National Development Minister Khaw Boon Wan said new ground has been broken with the Housing & Development Board’s (HDB) July’s Build-To-Order (BTO) exercise where eligible singles can buy new two-room HDB flats in non-mature estates.

In a blog post, Mr Khaw said the policy change was initially met with scepticism, with many predicting a lukewarm response.

Mr Khaw said HDB expects to receive more than 8,500 applicants from singles when the BTO exercise closes on Monday night.

That means more than 55 singles will compete for each two-room unit on offer for singles.

The minister said the median age of the singles who applied for the flats was about 43 years and their median monthly income was about S$1,800.

Mr Khaw remarked that the decision to focus on singles aged 35 years and above and up to S$5,000 income level was therefore appropriate.

The minister added that this new housing policy has not affected the first-timer families applying for two-room flats as their application rate is below one for now.

Mr Khaw said HDB will analyse the BTO data in greater detail to see how it can refine the next BTO exercises.

Source – CNA – 05 Aug 2013

Comments Off on New housing policy for singles well-received: Khaw Boon Wan

Posted in HDB

Tagged , , , , , , , , , , , , , ,