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  1. Your suggestion that IRAS tax according to the...

    Your suggestion that IRAS tax according to the actual rent received cannot work for properties that are owner-occupied.

    The Chinese character for government has "two mouths".

    If you can...
  2. Sorry, property tax is a tax on the ownership of...

    Sorry, property tax is a tax on the ownership of an immovable property, not a tax on capital gains or profits of a sale.

    If property tax is waived (already heavily discounted) for HDB flats, then...
  3. :hell-hath-no-fury: Mr. Funny has...

    :hell-hath-no-fury:


    Mr. Funny has obviously mixed up Regent GARDEN with Regent COURT although both were sold for the same S$34.0m. Regent Garden is in West Coast Road with 31 units of...
  4. FOR YOUR INFORMATION: The owners of Regent...

    FOR YOUR INFORMATION:

    The owners of Regent Garden are having the last laugh.

    According to some owners, they had originally wanted to sell their units individually in 2007 (four units were...
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    Never buy anything less than a 999-year lease...

    Never buy anything less than a 999-year lease (freehold, if possible) for landed property, but OK for condo.

    Reason?

    Condos can be sold en bloc and re-developed in which case the lease can be...
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    Cheaper to stay in landed than condo? Not...

    Cheaper to stay in landed than condo?

    Not exactly, but safer (keeping your home) since landed is protected from en bloc raiders.

    The problem with landed properties is that the owners are...
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    Very sad to read the above story. If the...

    Very sad to read the above story. If the government does not do anything concrete, en blocs in Singapore will become the eastern form of mafia operations where condo raiders buy up some units, forced...
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    When the Americans said they could send human...

    When the Americans said they could send human beings to the moon way back in the 1950s, the whole world laughed at them; but the Americans had their last laugh.

    The moral is that no idea, however...
  9. Yes, my friend, so it appears, but the decision...

    Yes, my friend, so it appears, but the decision of that west coast road condo case, according to the grapevine, is now under appeal at the highest Court of Appeal, hearing expected end of the year or...
  10. Re: Want home loan rate adjusted? Pay $6,000 fee

    I have no qualms for anyone, banks, corporations, hawkers, etc., of making money otherwise how can there be businesses, but they must not be crooked, if they cannot be absolutely honest.
    ...
  11. Re: Want home loan rate adjusted? Pay $6,000 fee

    DBS now pegs their housing loan on the 12-month Sibor and I had just repriced my loan at Sibor + 0.75 and the quoted Sibor rate is 1.625% which make my new rate 2.375% (existing one is 4.5%).
    ...
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    Re: S'pore ousting HK as top millionaire hub

    Since there are so many millionaires, are there really that many millionaires in real terms as per the paradox of thrift?

    Perhaps the billionaire of tomorrow is the true millionaire of yesterday,...
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    Re: That condo is moving out of reach

    Was that guy your friend? How about his former owner? Did the former owner bought it for, say, $500k a few months earlier and made more than 300%? Interesting to know who got the last laugh.


    ...
  14. Re: En-bloc system needs relook, as Bayshore shows

    Given the size of these two mega estates, have they even reach the 80% threshold yet?

    Yes, things are already ugly and will be monstrous and because of their size, only a couple of developers can...
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    Re: That condo is moving out of reach

    Agree with you. To realise such a potential, you should look for an old bungalow surrounded by mid to high-rise buildings in its neighbourhood to ensure that URA will raise its plot ratio.
    ...
  16. Re: En-bloc system needs relook, as Bayshore shows

    Good point, but can you suggest some rules that can go "around it" to resolve the conflict? Thanks.
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    Re: That condo is moving out of reach

    That concept of handing down the family house was in vogue during our grandparents' or even our parents' days under the three-generation-under-one-roof dynasty. Today, a good number don't even have a...
  18. Thread: Plot Ratio

    by James Tan
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    Re: Plot Ratio

    Yes, you are right; these open balconies or planter boxes are not included in the GFA, in fact, they got a 10% GFA bonus.

    Of course, the developer includes these in their selling prices,...
  19. Re: En-bloc system needs relook, as Bayshore shows

    All doors must have key holes: find it and fit the right key, you go through.

    Similarly, all laws must have loopholes: find it, and you circumvent it!

    Yes, the en blocs laws were obsolete the...
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    Re: That condo is moving out of reach

    Thanks for the clarification. If you wake up that poor fellow after midnight, then he deserves the overtime. But plumbing jobs are normally not emergencies unless you have a burst pipe in which case...
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