Latest HDB's property cooling measures.

The latest round of cooling measures as extracted from the HDB's website,

......

Measures to Further Stabilise the HDB Resale Market

Revision of Mortgage Loan Terms

To ensure financial prudence in purchase of public housing and discourage over-consumption, we will reduce the maximum tenure for HDB housing loans from 30 years to 25 years. The Mortgage Servicing Ratio (MSR) limit will also be reduced from 35% to 30% of the borrower’s gross monthly income. These measures are in line with those introduced by the Monetary Authority of Singapore (MAS) to encourage financial prudence among borrowers, which is especially important given that the current low interest rate environment is unlikely to be sustained.

In tandem, the MAS will reduce the maximum tenure of new housing loans and re-financing facilities granted by financial institutions for the purchase of HDB flats (including DBSS flats) from 35 years to 30 years. New loans with tenures exceeding 25 years and up to 30 years will be subject to tighter loan-to-value (LTV) limits.

Requiring Singapore Permanent Resident Households to Wait Three Years

Currently, Singapore Permanent Resident (SPR) households, i.e. SPR households with no Singapore citizen owner, may buy resale HDB flats as soon as they acquire SPR status.

We have reviewed this policy and have decided that SPR households should wait three years from the date of obtaining SPR status, before they can buy a resale HDB flat.

This measure will apply to resale applications received on or after 27 Aug 2013, 5:30pm.

On X'mas day? are you serious?

Man falls to death at Sengkang West Way construction site - Channel NewsAsia

The boss really makes money from the sweat and blood of his own workers.

No joke that some of the bosses do drive Porsche...and what not.

When will this stop!

You are our shining Armour

A day to celebrate!

Found my childhood shining Armour and inspiration.
There is always a place in our heart and mind for someone you think that you can look up to.
I am really excited that i can peek into his thought in this blog 再見十九歲的回憶.
As the blog is written in chinese it will be a challenge for me to comprehend thoroughly.
I do enjoy the oldies posted in the blog.

大哥！很高兴能在这里意见你。

UBS suspends at least one trader in Singapore: sources

UBS suspends at least one trader in Singapore: sources

There should be already an investigation underway by the Authority to determine whether there are manipulation against the people by the banks.

Banks are important in nation building as they say and those who say this must also ensure that banks are not abusing their position and influence at the expense of the people.

TODAYonline | Business | RBS 'wins bid to seal S'pore Libor documents'

TODAYonline | Business | RBS 'wins bid to seal S'pore Libor documents'

Libor whatever you call it, is already here.

So how to handle this appropriately?

TODAYonline | Singapore | Hougang executive maisonette sold with $225K COV

TODAYonline | Singapore | Hougang executive maisonette sold with $225K COV

The stake is getting higher? or this is just a one off?

Happy 47th Birthday Singapore

Wishing Singapore a happy 47th Birthday.

May Singapore reach greater high and success.

Olympic Game' Badminton Final

We are proud of Lee Chong Wei despite losing to Lin Dan of China in the Badminton Men single final.

Cheer up! You showed us what malaysian can really achieve in world stage.

Cheer up! Roger Federer also won a silver medal after losing to Andy Murray.

Cheer up! Life goes on and life is great.

HDB launches 7 BTO projects, to offer 4,191 new flats

HDB launches 7 BTO projects, to offer 4,191 new flats

Target for this year launches are 25,000 units.

Manchester United delays US share sale: report

Link here Manchester United delays US share sale: report

Looks like it hit another hurdle.

Two bodies recovered from MRT work site - Channel NewsAsia

Link from CNA Two bodies recovered from MRT work site - Channel NewsAsia

Construction industry... based on statistic is a very dangerous industry.

You may loose temper, fingers, legs, eyes and life in this industry, can't really accept this after all this years.

They came from far away land just like you and me and just hope to make some money to bring home.

i can tell you...nobody deserve this. why should they?

RIP.

RBS ends contribution to Singapore lending rate panels

RBS ends contribution to Singapore lending rate panels

Libor scandal is rocking into everybody life. I do not know how bad is this but as a layman, if big boys borrows from Libor and then lend to businesses and individual...and if the rate rigging are true then it affects every transactions, deal, loan...in the world over.

Singapore completes review of mandatory death penalty - Channel NewsAsia

I really do not know what to say. Its like a silence thunder bolt.

Singapore completes review of mandatory death penalty - Channel NewsAsia

Bar raised for foreigners' families keen to stay here

Link here from Business Times Bar raised for foreigners' families keen to stay here

Another revision from Gorvernment to reduced strained and sharpen privileges of singaporean.

HDB revises subletting of flats for PRs

Link from Business Times HDB revises subletting of flats for PRs

This is another revision that is happening lately due to housing and immigrant issue.

Arron Kwok in ad that catapults him to stardom

This video is uploaded from youtube Here. with a little bit of tweet.

Man Utd filing shows Glazers' borrowing, buying debt

Man Utd filing shows Glazers' borrowing, buying debt

Man Utd listing development...

Earlier this year Man Utd call off the listing at SGX and opted for NYSE, if i am not wrong.

let see what happen in near future and also later in the longer term of this listing.

S'pore's private sector wages up 6.1% in 2011: report

S'pore's private sector wages up 6.1% in 2011: report

The Ministry of Manpower's Research and Statistics Department jointly released the annual report on wages in Singapore for 2011 on Friday, reporting that total wages (including employer CPF contributions) in the private sector rose by 6.1 per cent in 2011, higher than the growth of 5.7 per cent in 2010.

Taking into account the rise in consumer price index (CPI), the increase in real terms was 0.9 per cent in 2011, lower than the gain of 2.9 per cent in 2010.

The private sector paid out more bonuses for the year (also known as annual variable component) averaging 2.32 months of basic wage, up from 2.17 months in 2010.

Tight labour market continued to lift workers' wages, despite the slower economic growth in 2011.

Apple Turns 5

iTunes Store here; bad news for local players

iTunes Store here; bad news for local players

Apple Itunes store is available in Singapore and few other Asian contries.

You can purchase song or album that you desire from the store.