Daily Archives: 2018-04-11

A definitive guide on en bloc sales process in Singapore

Enbloc sales - Mayfair Gardens

By Paul Ho Singapore’s en-bloc sales process starts off officially with the forming of the Collective Sales Committee (CSC). A minimum of 20% of the share values or owners comprising 25% of the total number of subsidiary proprietors’ votes. Owners of developments which failed in an earlier round of En bloc sales in Singapore need to wait 2 years before re-starting …

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Train service delay along NEL on Wednesday morning

Train service was disrupted for around two hours along the North East Line (NEL) this morning (11 Apr) due to train fault in Little India. This is the second train disruption this week. On Monday, train service was disruption along SMRT’s East West Line. At 7:35am and 7:46am, transport operator SBS Transit posted tweets announcing this delay. 0730h/ NEL service towards …

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Chee Soon Juan: 5 enduring myths that threaten our future

by Chee Soon Juan WHEN YOU LIVE your whole life experiencing one and only one ruling party and fed the same political yarns over and over for half-a-century, it is hard to adopt a worldview that is radically different your overlords’. These views, often unconstrained by regard for factual information, become more than articles of faith; they form the very …

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Fake news, fact, fiction or opinion?

by Dr Lee Siew Peng There was a major upheaval in my household last week. My son, looking quite distressed, decided that he can’t be a Christian any more. He is questioning my faith in God (as portrayed in the Bible). How could anyone be certain that the Bible is not all ‘fake news’? Why/How, for example, would/could a benevolent …

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Are Singapore’s SMEs really prospering?

by ValuePenguin With an unemployment rate of 2.1% and per capita GDP of nearly $53,000, Singapore’s economy is one of the world’s strongest. This economy is powered by small and medium sized enterprises (SMEs), which make up 99% of all enterprises and employ 65% of all workers. Here, we analyse and review a number of statistics to assess the health of …

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What expats should know before buying their first home in Singapore

by ValuePenguin With Singapore consistently being one of the top destinations for expats, it makes sense that around 40% of people in the country are foreigners. If you are an expat and you are planning on sticking around for a while, purchasing a home instead of renting one may seem like a lucrative idea. However, with property prices increasing quickly, purchasing your …

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HDB Chief: Pay the price of resale flat that commensurate with its lease

Another stake has just been driven into the heart of Asset Enhancement policy espoused by the People’s Action Party government. In 2011, just before General Election, then National Development Minister Mah Bow Tan told Singaporeans, “We’re proud of the asset enhancement policy. (It) has given almost all Singaporeans a home of their own… that grows in value over time.” Yesterday …

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Serious graduate under-employment while Singapore continues with flawed foreign employement policy

by Kelvin Sim Channel NewsAsia published an article on Tuesday (10 Apr) talking about under-employed graduates. The survey – conducted jointly by the Lee Kuan Yew School of Public Policy Ong Teng Cheong Labour Leadership Institute – highlighted the bleak picture of this situation and called it a “black swan in our labour landscape”. Typically, the situation of under-employment arises due to retrenched …

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