Happy New Year Everyone!!
Let this coming year be better than all the others!!!
Thursday, December 31, 2009
U—Save rebates tweaked
“SINGAPORE: From Friday, HDB owners who fully sublet their flats to non—citizens will no longer be eligible for U—Save rebates to offset their utility bills.
The Finance Ministry (MOF) said in a statement that U—Save is aimed at Singaporeans.
However, over the past few years, there has been an increase in the number of Singaporean—owned HDB flats which are fully sub—let to non—citizens.
MOF said the scheme was fine—tuned to better target the rebates at Singaporeans, as intended.
Home—owners who sublet their flats to at least one Singaporean will still qualify for U—Save.
Some 800,000 HDB households will receive S$106 million worth of U—Save rebates in 2010.
The first payout, amounting to S$60 million of utility rebates, will be made in January. The second payout will be in July.
Households will get a total of between S$55 and S$200, depending on the size of their flats.
The U—Save rebates will cost the government some S$620 million over five years.
The rebates are part of the GST Offset Package announced in 2007 to help Singaporeans, especially low and middle income households, cope with the GST increase.”
SOURCE:
http://sg.news.yahoo.com/cna/20091231/tap-895-u-save-rebates-tweaked-better-ta-231650b.html
Tuesday, December 29, 2009
Thursday, December 24, 2009
Merry Christmas!
Christmas arrives in a few more hours, if you haven’t completed your Christmas shopping here are some suggestions…
Christmas Gift Ideas:
To your enemy, forgiveness
To an opponent, tolerance
To a friend, your heart
To a customer, service
To all, charity
To every child, a good example
To yourself, respect
Wishing all my Clients and Friends a Bright and Cheerful Christmas!
Friday, December 18, 2009
Question From Reader: Can i have two Medisave-approved Integrated Insurance Plans?
I was asked this question through email
Qn: Can i have two Medisave-approved Integrated Insurance Plans?
The answer is no, each individual is only allowed 1 Medisave-approved Insurance plan.
Once you apply for a plan from another Insurer your current plan with your current Insurer will have to end.
Feel free to send me more emails if you have other questions: mark.lim@aia.com.sg
Monday, December 14, 2009
Corruption
“SINGAPORE: A 43—year—old Singaporean has been charged with corruption.
Self—employed Hamzah Karim had acted as a coordinator, referring motor vehicle accident cases to law firms in order to file a claim with insurance companies.
In August 2006, the accused had allegedly arranged for learner bike rider Liyana Mohamed Noor to make a false accident report.
The female rider met the accused at Changi General Hospital while seeking treatment for an injury that she sustained during a practical test for her bike licence.
The accused said she could use her injury to make a false accident claim to make more money.
Sometime later, the accused introduced a male friend and instructed her to lie that she was riding pillon when Liyana and the male friend collided with a taxi.
If found guilty, Hamzah could face a maxmum penalty of S$100,000 fine and imprisonment of five years. “
— 938 LIVE/yb
http://sg.news.yahoo.com/cna/20091214/tap-677-43-year-old-man-charged-corrupti-231650b.html
Sunday, December 13, 2009
HDB flat value will rise as long as economy grows: MM Lee
“SINGAPORE: Public flats will continue to appreciate in value as long as the Singapore economy continues to grow. And with limited space, the future of public housing looks set to go up — with more skyscraper flats to be built.
Minister Mentor Lee Kuan Yew said this as he launched The Pinnacle@Duxton, which at 50 storeys, is the tallest HDB development in Singapore.
The first rental HDB blocks in Tanjong Pagar were built in 1963 on the site where The Pinnacle@Duxton stands. Today, it is the site of the tallest HDB in the country and the scene has changed significantly.
Minister Mentor Lee attributes the change to an early policy decision to build a home—owning society, which is what motivates Singaporeans to upgrade this asset for a better life, something which could not have happened with just rental flats.
Going forward, Mr Lee expects more such flats to be built.
He said: "The Pinnacle@Duxton is therefore a good example that if the nation continues to do well, we can build more flats of this standard. But we should not make a quick profit from a resale of HDB flats. The rules on minimum occupation and requirement for family units nucleus are to discourage speculative purchases."
Mr Lee gave out keys to seven of the first families to move in and visited one family, whose father had rented a flat in the area previously.
Speaking to reporters later, he said the government could have built a condominium in its place but preferred to build public flats in this central area and share the growth of the city with the people who had rented flats in the area before.
Responding to questions later on about young couples who are concerned about flat affordability, Mr Lee said this is linked to the country’s growth — if the country is doing well, property prices go up.
But if the economy goes down, unemployment goes up but incomes and property values decline.
One thing that will be going up is the height of future public housing.
Mr Lee said: "Well, it’s a very special problem we face because we can’t expand the city laterally, we have to expand the city vertically. Yes, we can have more (land) reclamations but that’s only about 10, 15 per cent and we’ve reached the limit. Therefore, I see more and more of the old blocks being demolished and new blocks like The Pinnacle@Duxton being built."
Units at The Pinnacle@Duxton cost an average of $486,000 for a 4—room flat and $590,000 for a 5—room flat, when the last of the units were released in October.
The 50th—storey skybridge will also be open to non—residents for a $5 fee.”
SOURCE: http://sg.news.yahoo.com/cna/20091213/tap-558-hdb-flat-value-rise-long-economy-231650b.html
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