Search the Community

I am aware that 99 LH condos gets hard to sell due to loan restrictions after 20 years and later. How about FH units? I am not looking at en-block though. I buy to stay but in the long run I might sell out when I retire in 10 years time. I can afford 40%+ downpayment now. Will banks have problem with 20+ year old FH condos? When I sell to buyers with 20% downpayment, will the loan become an issue?

Liquor Control Zone at Geylang and Little India. Yahoo news: Stricter liquor rules in Geylang, Little India from 1 April Additional restrictions for consumption of liquor in public places will be imposed in two Liquor Control Zones (LCZ) in Geylang and Little India on weekends and public holidays, the Ministry of Home Affairs (MHA) said in a press statement on Tuesday. Within the LCZs, public drinking will be banned from 7am Saturday to 7am Monday from 1 April, when the Liquor Control (Supply and Consumption) Act comes into effect. On public holidays, there should be no consumption from 7pm of the eve of a public holiday to 7am of the day after the holiday. Shops in the LCZs are also not allowed to sell retail alcohol from 7pm on weekends, eve of public holidays, and public holidays. The new law already bans drinking in all public places and the retail sale of alcohol from 10:30pm to 7am daily. 'Even-handed' enforcement In previous reports, the police have said they will take a calibrated and even-handed approach in enforcing the law. This approach was explained in some detail in the MHA statement: "If a person is found consuming liquor in public places, the police will take down his particulars in the first instance and require him to dispose of the liquor. If there is public annoyance, the police can also advise the person to move on and leave the place. If he complies, no further action will be taken. If the person ignores the police’s advice, or is a recalcitrant offender, the police may consider taking stiffer actions such as issuing him with a composition fine or arresting him." link: https://sg.news.yahoo.com/stricter-liquor-rules-in-geylang--little-india-from-1-april-082710769.html Why Geylang ? Some peoples just need the booze before going for the piak piak so that to last the full 20 minutes or so...

HONG KONG (AFP) - Hong Kong's leader said on Tuesday that the government is looking to restrict the number of Chinese tourists entering the city, following a public backlash over the influx of mainland visitors. The announcement came after a leading travel body said official figures showed the volume of mainland visitors over the Lunar New Year period fell for the first time in almost 20 years - attributing the trend to the frosty reception they receive. "We will continue to speak with Chinese authorities about whether or not there is space to tighten the (visitor) scheme to be able to control the natural trend of increasing mainland visitors in Hong Kong," the city's leader Leung Chun Ying said. Leung said the growing number of Chinese visitors has "put pressure on the everyday life of Hong Kong residents". Residents from 49 Chinese cities can currently apply for a multi-entry travel permit to visit Hong Kong. Leung said that scheme would not be expanded and that he would raise the issue at the next meeting of the National People's Congress - China's parliament - at the beginning of March. Hong Kongers have grown increasingly angry at the number of Chinese traders who travel to Hong Kong's border towns to stock up on everything from iPads to milk powder. Protests against the traders have led to violent clashes over recent weekends, with police using pepper spray. The semi-autonomous southern city of seven million people is also a favourite shopping destination for wealthy mainland visitors eager to stock up on Western luxury brands. Mass democracy protests at the end of last year also showed building anti-China sentiment, with tens of thousands protesting against Beijing's restrictions on the vote for Hong Kong's next leader. Negative sentiment has already led to a drop in visitors over the Chinese New Year according to Hong Kong's Travel Industry Council (TIC), which said it was the first decline in 20 years. Numbers fell 1.09 per cent to 842,124 for a six-day period, compared to the same period last year, immigration department figures show. "I think the string of protests is one reason... the news reports about these kinds of activities certainly upsets their mood for travelling to Hong Kong," TIC executive director Joseph Tung told AFP. He called the drop "alarming" and said Chinese visitors were travelling to other destinations which were more welcoming. But democratic lawmaker Kwok Ka Ki said further curbs were needed. He said an increased number of mainland visitors had "severely hampered" the city's transpiration system and it was harder for people to shop for daily necessities as stores focused on the needs of mainland tourists. "If Hong Kong is unable to accommodate the requests or to change the policy a bit to alleviate the grievances, this could easily turn into more violent incidents like in the past few weeks," Kwok said. - See more at: http://www.straitstimes.com/news/asia/east-asia/story/hong-kong-mulls-restrictions-chinese-tourists-following-public-backlash-20#xtor=CS1-10

One of many adverts blatantly disregarding MAS's loan restriction. Is MAS enforcing it rules at all?

Noticed recently in Sgcarmart that some cars that was listed selling for $50K will suddenly have prices drastically increased to $80K and after a week will have status SOLD. I suspect dealer raised price on purpose so buyers can then take a 100% loan for the car ( 60% of $80K = $50K ). Is this a legal loophole for the MAS Restrictions ?

MAS Imposes Financing Restrictions on Motor Vehicle Loans http://www.mas.gov.sg/en/News-and-Publicat...icle-Loans.aspx Singapore, 25 February 2013

Eve of Hari Raya, "Revised" OPC no restrictions, so dont forget to bring it out for a spin!