Singaporeans can now tap on more of their Central Provident Fund (CPF) savings when opting to buy older properties. Starting today, those looking to buy homes will be able to use the maximum allowed funds from their CPF as long as the property's remaining lease can cover the youngest buyer till they are 95 years old. They would also be entitled to the maximum allowed Housing Board loan of 90 per cent of the valuation limit (the property price or valuation, whichever is lower) when buying resale flats. Announced yesterday by the Ministries of Manpower and National Development, the changes signal a shift in the regulation of CPF usage and disbursement of public housing loans. Minister for National Development Lawrence Wong said in a Facebook post last night: "The updated rules will provide more flexibility for Singaporeans to buy a home for life, and will apply to both public and private properties." The new rules shift the focus to whether a property can last its owner for life, instead … [Read more...] about HDB loan, CPF usage rules shift to ‘having a home for life’
Cash buyers for homes
Loonies distract campaign for 15 minutes of fame The first voting under Ferdinand Marcos’ martial law was democratic. Invited to barangay halls, adults were asked who wanted rice. The raised hands were counted. So was overwhelmingly ratified the 1973 Constitution. A proviso made Marcos president and one-man legislature for life. Still a presidential election was held years later. Marcos’ buddy and party mate ran against him. It was a free election. People were free to vote anywhere they happened to be on Election Day. Voter IDs and precinct assignments were unrequired. It was secret balloting; voters were forbidden to see their ballot. Soldiers with M-16s cast it for them. Marcos further secured his dictatorship. Then was also an election for Batasang Pambansa (parliament). Marcos gave opponents a fighting chance. Ninoy Aquino and fellow-candidates were allowed to campaign – from political prison. Rallies were lively. Prohibited to talk, … [Read more...] about Loonies distract campaign for 15 minutes of fame
MARSEILLE: Investigators in southeast France have seized a white tiger cub at the home of a suspected exotic animal trafficker, while pythons and endangered marsupials were found at his mother's house, a police source said Saturday (May 4).Members of the public health agency OCLAESP were recently informed of the illegal sale of lemurs and their investigations led them to the suspect's premises.The arrested man is believed to have cashed the sum of 17,000 euros (US$19,000) "but had not yet handed the small primates from Madagascar to the buyer," the French police said in a statement.A raid on his home uncovered the white tiger cub, while a simultaneous operation at the home of the suspect's mother in northeast France uncovered four sugar gliders - small, nocturnal marsupials native to part of Australia, Indonesia, and New Guinea - as well as nine snakes including two royal pythons.Appearing before a judge, the arrested man was immediately jailed for eight months in connection with … [Read more...] about Man arrested in France for keeping white tiger cub
By Laurie Monsebraaten Social Justice Reporter Sandro Contenta Feature Writer Tues., April 30, 2019 Three Thunder Bay foster homes — closed by the province in 2017 after the death of a First Nations youth — had feces- and blood-stained floors, no working stove or food in the fridge, and were staffed by workers ill-equipped to handle the complex needs of youth in their care. The shocking conditions are included in an investigative report by the office of Ontario’s Advocate for Children and Youth, which closed Tuesday as part of the Ford government’s “restoring trust, transparency and accountability” law. The office’s investigative role moves to the provincial ombudsman’s office May 1. The advocate’s report examined three Thunder Bay homes operated by Johnson Children’s Services Inc., a company headquartered in Vaughan. The homes opened in March 2016 and were closed in May 2017, … [Read more...] about Shocking conditions at now shuttered Thunder Bay foster homes detailed in child advocate’s final report
Yes, we know HDB flats should be homes first and retirement funds second, and so on. But let’s be honest: Everyone wants to know what the big pay-off could be, besides shelter from the elements. Here’s a look at the numbers.WHICH FLAT TYPE APPRECIATES BEST?To find some answers, we looked at price movements of 3-room, 4-room and 5-room HDB flats over a period of 15 years. Starting with Singapore as a whole, here’s what we found:3-room HDB flats have appreciated by around 69 per cent. The average price of a resale 3-room flat today stands at around S$299,000, up from an average of S$176,800 back in 2004.4-room flats have appreciated by around 78 per cent. The average price of a resale 4-room flat is now around S$425,275, up from around S$238,300 in 2004.5-room flats lag just slightly behind 3-room flats, appreciating by around 68.57 per cent. The typical price today is around S$526,850, up from around S$312,500 on 2004.As such, we can see that 4-room flats show the … [Read more...] about Which type of HDB flat gives the best returns: 3-room, 4-room or 5-room?