Re: HDB, MORE SELLERS THAN BUYERS!

You. Lan-Lan?

"L" <L@xxxxxxx> wrote in message news:fn17bs$59s$1@xxxxxxxxxxxxxxxxxxxxxxx
Fake AleXX, I have nothing to do with PAP. Tell us your licking experience
since you keep talking about licking !

"AleXX" <nodeal@xxxxxxxxxxx> wrote in message
news:fn16up$98r$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
Since you are so good in PAP licking, why don't you post some of your
licking experience here and tell us which ones are good and which ones
smell?
Bwahaahahahahahahaha!!!!!!!!!!!!!!!


"L" <L@xxxxxxx> wrote in message
news:fn12bb$576$1@xxxxxxxxxxxxxxxxxxxxxxx
Fake AleXX ! What has that got to do with backbone ?
What's wrong to provide some information ?
Is the anything wrong with the ST article ?
Challenge it, if not just keep quiet and lick your master !

"AleXX" <nodeal@xxxxxxxxxxx> wrote in message
news:fn14gk$1ae$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
You are an empty vessel just echoing what your master said. Have you
any backbone? Are you an invertebrate?


"L" <L@xxxxxxx> wrote in message
news:fn0t1e$g8l$1@xxxxxxxxxxxxxxxxxxxxxxxxxx
Fake AleXX ! If you have nothing to talk about the subject, go back to
lick your master.

"AleXX" <nodeal@xxxxxxxxxxx> wrote in message
news:fn12mq$or0$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
Your are a very good PAP propaganda *** Times news echoing lap dog.

"L" <L@xxxxxxx> wrote in message
news:fn0rur$g7u$1@xxxxxxxxxxxxxxxxxxxxxxxxxx

"Ah Pek" <lauahpek@xxxxxxx> wrote in message
news:fn0qkb$52h$1@xxxxxxxxxxxxxxxxxxxxxxx
Many desperate and jobless uncles and aunties are trying to meet
ends by
selling their roof. They hope to pocket some money through the
transaction
by making private deals through the illegal "cash back" scheme.

Advice? Cash back can land you in jail. Secondly, do not pay money
bave
valuation as there is plenty of sellers.


New HDB flat buy-back scheme for older owners

They can now sell their flats, without having to move out for
another 30 years

ELDERLY HDB dwellers have finally been offered a neat way to swop
their flats for more cash in their twilight years.
The Government is introducing a new scheme to buy back the flats of
older HDB owners, but they will be allowed to live in the same flats
for another 30 years.

The scheme, announced by Prime Minister Lee Hsien Loong last night,
involves shortening the leases of these HDB homeowners to 30 years,
and then paying them the value of the lease foregone in cash.

It is aimed at helping HDB flat owners unlock the value of their
flats. This is important because a flat is often a Singaporean¡¯s
biggest asset post-retirement, but he is often unwilling to sell it
for cash which he may need in old age.

It will be open to people aged 62 and above who own a two-room or
three-room flat, and who have only had ¡®one bite of the cherry¡¯,
or who have bought only one flat from the HDB previously, PM Lee
said.

The new scheme is a major improvement over an existing one.
Currently, an elderly HDB dweller can sell his flat and move to a
studio apartment with a 30-year lease, which costs at least $60,000.
But many older flat owners are reluctant to uproot themselves and
relocate to a smaller flat in an unfamiliar estate.

In the new scheme, they will not have to move out of their current
flats. Instead, HDB will shorten the flat¡¯s lease to 30 years and
buy back the remaining lease.

PM Lee did not give details of how much HDB would pay for the tail
end of the leases that it buys, but he said the payout would be
split into two parts.

There will be a lump sum amount paid upfront, while the rest will be
paid out as monthly payments for the rest of the owner¡¯s life, like
an annuity.

As for what happens if an owner lives for more than 30 years after
selling the lease back to HDB, the Ministry of National Development
is studying the issue, he said.

Some elderly HDB flat owners told The Straits Times yesterday that
they were intrigued by the idea.

¡®This is an improvement over the studio apartments because I don¡¯t
have to go to a different environment and I don¡¯t have to move to a
smaller flat,¡¯ said Mr Steven Lau, 60, an estate agent who owns a
three-room flat in Bedok North. ¡®It¡¯s just me and my wife. We have
nobody to pass the flat on to.¡¯

For Mr Abdul Rahman, 64, the cash that he would get for his flat
under the new scheme is a big draw. ¡®If my wife and I have
financial problems, we can¡¯t ask my children to help us because
they have their own problems,¡¯ he said.

¡®This would be a good chance to get money. Anyway, after 30 years I
don¡¯t know if I¡¯m still living or not.¡¯

Mr Mohamed Ismail, chief executive of property agency PropNex,
called the scheme an ¡®extraordinary solution to the greying
population¡¯.

¡®Of all the HDB initiatives announced, this is the most unique and
interesting,¡¯ he said. ¡®It allows people without enough cash to
(get money from) their flats with dignity in their old age.¡¯

The other HDB measures included making it easier for lower-income
families to buy HDB flats. The Government upped the maximum amount
of CPF Additional Housing Grant by $10,000, and raised the income
ceiling so that households earning up to $4,000 can qualify for the
grant.

Even more good news was in store for HDB dwellers yesterday, with
the HDB upgrading programmes themselves getting an upgrade.

Both the Interim Upgrading Programme (IUP) and the Main Upgrading
Programme (MUP) will be replaced by new and improved schemes, PM Lee
said.

The IUP will be replaced by the Neighbourhood Renewal Programme
(NRP), which will combine two or more precincts in large-scale
planning decisions that promise more and better facilities.

As for the MUP, it will be replaced by the Home Improvement
Programme (HIP), which will see more practical changes within each
flat, such as new doors and better bathrooms. The new programmes
will cover nearly all estates in Singapore.

Private estates will also benefit from improved upgrading with a
revamp of the Estate Upgrading Programme. More importantly, they
will now get Community Improvement Project Committee (CPIC) funds,
just like HDB estates, to carry out smaller scale, but regular
enhancements.
Source : Straits Times - 20 Aug 2007
















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