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Other HDB options available for retirees living in private homes

Posted on 9 May 2013 | Comments Off

We refer to the letter “Loosen HDB rules for seniors living in private homes” (May 3) by Mr Ng Eng Hin. We understand Mr Ng’s intention is to monetise his current private property for his retirement needs.

New Housing and Development Board (HDB) flats are highly subsidised and meant for those who meet certain criteria, such as families who neither own private properties nor exceed a set income ceiling.

To ensure that ex-private property owners do not compete with those households who have more pressing housing needs, they are allowed to buy subsidised public housing only 30 months after selling off their private property.

Besides buying a new flat from the HDB, there are other public housing options available to Mr Ng should he wish to sell off his private property and move to an HDB flat.

He could consider buying a resale HDB flat or a studio apartment with the substantial proceeds received, without having to wait 30 months.

FROM
LILY CHAN-WONG JEE CHOO, DIRECTOR (POLICY AND PROPERTY), HOUSING AND DEVELOPMENT BOARD

Source – Today – 8 May 2013

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Posted in HDB

Tagged build-to-order, HDB, Housing and Development Board, Housing Development Board, Public housing

What is CEA’s role in investigations?

Posted on 30 Jul 2012 | Comments Off

In March, I was looking for a room to rent and met an agent who circumvented the regulations for the sake of a commission. I wrote to the Council for Estate Agencies (CEA) about this.

A month later, I was informed that my case was being referred to the property agency and that if I wished to lodge a formal complaint, I would have to fill in a complaint form. Nobody could answer me why I was advised to do so only then.

Two months after I had filed my complaint, I enquired about the progress and was then forwarded a “claim” by the property agency, which could have been answered with the evidence I had submitted.

CEA just played a postman’s role by forwarding the claim. Four months after I first wrote to CEA, I wonder what its value-added role is in the investigation process.

Would an agency’s investigation into an agent who generates revenue for the agency be impartial? If no, why is CEA delegating the investigation to property agencies?
From Sng Tze Ming

Source : Today – 2012 Jul 13