22 Nov '11, 6pm

"Hence my suggestion was to have a middle tier of public rental rates, somewhere in between the $200 or so that...

"Hence my suggestion was to have a middle tier of public rental rates, somewhere in between the $200 or so that...

However, from my meetings with residents during meet-the-people sessions (MPS), I have encountered many who earn slightly more than $1,500 a month yet cannot afford to buy BTO flats. Some had just sold their flats, due to divorce or financial difficulty, and could not afford to pay the resale levy on the profits of their sale. Others needed housing urgently and could not wait for two to three years for the BTO flat to be built. In short, many of these residents are shut out of the BTO market and had no choice but to bunk in with friends or family in very crowded conditions. They would usually come to MPS when their friends or family members were threatening to evict them. Rental from the open market is not really an option, since they would need to pay over $800 just for a single room.

Full article: http://geraldgiam.sg/2011/11/parliamentary-questions-rent...

Tweets

Save 40% on in-stock rentals. Our Christmas gift to you! Use HOLIDAY40 at checkout.

Save 40% on in-stock rentals. Our Christmas gif...

bagborroworsteal.com 24 Nov '11, 5pm

Member Preferred Rental Price: $54 per week — rent for an event $40 per week ($160 one-month rental) — rent for a month $3...

30 new MRT trains on the way over the next 4 years to ease squeeze, with 17 of them coming next year

30 new MRT trains on the way over the next 4 ye...

straitstimes.com 22 Nov '11, 2am

Mrs Josephine Teo says the new trains, along with improvements to the signalling system, will allow for the interval betwe...