Oct 18, 2006, 8.31 pm (Singapore time)
Strong response to public flats sold by private developer
THE first batch of condominium-like public flats put on sale by a private developer has received an overwhelming response, with more than 5,700 people applying for just 616 units.
Indeed, 45,600 people - attracted by such features as built-in wardrobes, air-conditioning units and generous bay windows - had viewed The Premiere@Tampines' show-flat.
The two-week application period close at midnight.
While it is possible that not all of the flats - sold by ballot - will be taken up eventually, analysts and property agents expect nearly all units to be sold.
There are eight 17-storey blocks in the project.
The sale is being closely watched by the Housing Board, which had said previously that the response to this project will determine if more land will be released for future projects.
The Premiere is an experiment by the Government to give private developers a greater role in public housing. Sim Lian Land, which clinched the plot earlier this year through a tender, was given a free hand over the design, building and pricing of the flats.
But it had to meet certain conditions for public housing. Thus, the flats must be sold only to family units, the ethnic quota must be maintained and buyers' household income had to be $8,000 a month or below.
However, individuals who have bought a flat directly from the HDB before do not need to pay a resale levy when they buy a unit there.
And, like HDB flats, units at The Premiere can be bought with Government housing grants for first-timers.
The 616 two-, four- and five-room units were priced from $138,000 to $450,000. Most are five-room units, ranging from 105 sq m to 114 sq m and fetching a median price of $370,000 to $380,000.
The flats are expected to be ready by 2009.
According to Sim Lian's executive director, Ms Diana Kuik, about 60 per cent of the applicants were buying their first flat, while one-third of them are Tampines residents.
Ms Hilda Tan, 24, a sales manager, and her fiance, had been condo-hunting for about half a year. They were later drawn to The Premiere because it was located near Tampines town centre, and for its condo-like features.
Then there was Ms Rina Tan, 38, who would not have thought about changing homes had the Premiere not turned up. The accounts assistant, who lives just a stone's throw from the Premiere site, wants a four-room unit. But she worried that 'with so many applicants, my chances look slim'.
Thats what I think too.. Imagine we had the Suzhou Industrial Park which is a booming success and the recent shin corp which temasek is selling only after a few months of investment.. It must had made a lot of money and we had come a long way as the former took so many years to gain profits.Originally posted by JJxJJ:its not your friend.. its his source of newsif thats what you think lah..
My favourite papers is the straits times.Originally posted by Darkness_hacker99:Oh my god.. Dont you read The Newpaper?
because the people who jumped from your block dont have a wife who from poliomyelitis and still have to work in a factory as cheap labour to raise her 2 sons.Originally posted by Agenda:besides, not everyone report every news outbreak, my hse here ppl jump building also no reporters come or any reports at all
they just dunno caramon.Originally posted by Where Is God:wtf. you guys don't know what is sarcasm? you guys are fcukin dumb.
Dr. Ng Eng Hen said: "The question to ask is - are these good quality jobs. I would say that over the last ten years, our figures show us that 60 to 80 percent of our jobs created for Singaporeans were, if you like, middle class jobs, professionals, managers, executives and technicians, and Singaporeans have by their own conscious decisions moved towards these jobs."A very well-said piece by ministar DR Ng. Indeed our job sector is so over flow with vacancies that we had to import overseas foreign talents in large numbers to work. They usually don't cause pressure on wages to low income workers in singapore as jobs are aplenty here. By hiring them, they in turn create more middle class jobs for singaporeans.
most Singaporeans are incapable of fine sarcasm distilled by sardonic propaganda-styled posts.Originally posted by boredtulan:wheeeeeeeeeeeeeeeeeeeeeeeee!!!!
*sound of sarcasm flying over most forummer's heads*
In the past, we have water from the well. As for now, if we have no money to pay our utility bill, we have to drink canal water(Long Gou Shui)??Originally posted by SinGaporGuy:what is happening..poor get poorer.... ... .. whr has all the $$ been generated to... for financial gain?? wat abt those low income family..
Haiz... basic living expenses all gone up.... hw to live.. this kind of life.. next time if no $$ then they will not give me water to drink iszit?
Just because we have wells before, does not mean that there is water inside. Don't forget the water-rationing exercises of the past. And no, you won't need to drink canal water. Just ask help from you fellow Singaporeans. None of us would want you to die of thirst or get sick drinking canal water.Originally posted by Meilin86:In the past, we have water from the well. As for now, if we have no money to pay our utility bill, we have to drink canal water(Long Gou Shui)??![]()
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