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? ? ? ? prOtectIOnIsm In dIsgUIse ? ? ? ?

pharoah88
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28-Nov-2010 15:48

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[WIN + WIN] SOLUTION is The BEST

EveryOne mUst WIN

nObOdy nUst lOse

whatever ????cracry Is Of nO Use

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pharoah88
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28-Nov-2010 15:45

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INTEGRITY and SINCERITY are mOst ImpOrtant In lIfe ? ? ? ?

nObOdy Is mOre stUpId ? ? ? ?

everyOne Is nOt less SMART ? ? ? ?

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pharoah88
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28-Nov-2010 15:41

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A LEG fOr A LEG agaIn

JOHOR hIts back ? ? ? ?

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firewood Senior	26-Nov-2010 13:28 About firewood Contact Quote!
x 0 x 0 Alert Admin	Johor MP wants end to free casino trips He joins others objecting to S'pore casino tours By Carolyn Hong, Malaysia Bureau Chief People boarding a Malaysian bus at the Resorts World Sentosa basement carpark. Johor lawmaker Tang Nai Soon wants Singapore to impose an entrance fee on Malaysians and allow them to list their family members on the gamblers' register to ban their entry into the casinos. -- ST PHOTO: JOYCE FANG KUALA LUMPUR: A Johor lawmaker has urged the Malaysian government to ask Singapore to stop its casinos from offering free trips to Malaysians, and to discourage them from gambling across the Causeway. He wants Singapore to impose an entrance fee on Malaysians and to allow them to list their family members on the gamblers' register to ban their entry into the casinos - just like it does for Singaporeans. Malaysian visits should be limited to, say, 50 times a year, said Pekan Nenas state assemblyman Tang Nai Soon. The state MP made his call in the state assembly on Wednesday, in the wake of increasing complaints that housewives and the elderly were being lured to Resorts World Sentosa and Marina Bay Sands casinos by free tours. 'Gambling can cause grave social ills,' he said. Mr Tang's was the latest voice to join the chorus of discontent that started some months ago, when the Chinese media started to run reports about the swarm of Johoreans crossing into Singapore daily to gamble. The voices have become louder in recent weeks, with more leaders from the Malaysian Chinese Association (MCA) speaking up on the issue. So far, the protests and unhappiness over the issue have been confined to Johor. But the issue might soon begin to get wider notice in Malaysia, as the English and Malay media have also begun to run reports on the trend. Previously, it received coverage only in the Chinese press. A party insider said Johor MCA became more vocal after it was blamed for not doing more to discourage these free tours. Complaints about gambling and loan sharks have always been there, he said, adding: 'But this one stands out because it involves going to Singapore for a 'free' holiday.' Mr Tang said these tours include free transport, a food voucher, and a discount so gamblers can buy S$140 worth of chips for S$100. The MCA's national organising secretary Tee Siew Kong told the media several days ago that transport operators are paid an incentive of RM900 (S$376) for every busload of passengers. A Johor travel agent who did not want to be named said the tours are run by local agencies, which earn a commission from the casinos. He said it was normal practice for casinos to offer incentives including food vouchers and gambling chips. 'Maybe it's an issue because the money is going out of the country,' he said of the latest concerns in Malaysia. Mr Tee estimates that at least 3,200 Malaysians gamble in the casinos every day, based on 30 bus trips of 40 passengers each and 500 cars of four people each. If each spent S$1,000, that would amount to RM230 million a month, he said. Mr Tang said there are complaints that some housewives spend at least 10 hours there each time they visit the casinos. 'Even more worrying is that some of them have gone to the extent of borrowing money from loan sharks to satisfy their new-found addiction to gambling,' he said. He claimed that loan sharks prowl casino floors, offering small loans of S$500 at an interest rate of RM20 to RM50 a day. MCA youth chief Wee Ka Siong, who is an MP from Johor, recently raised similar concerns, noting that Singaporeans could get the casinos to bar their family members. 'But the law does not apply to foreigners, including Malaysians,' he said.

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pharoah88
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28-Nov-2010 15:04

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mOst dIrect hIt is On Malaysian prOpertIes    ? ? ? ?

KL prOpertIes    ? ? ? ?

Johore prOpertIes    ? ? ? ?

especIally   JB Iskandar prOjects    ? ? ? ?

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pharoah88
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28-Nov-2010 14:56

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How is owning overseas private property going to impact on local property prices?

As Singaporeans / PRs

Own more foreign properties

Singapore property prices

wOUld fall ? ? ? ?

The BAN will increase demand for Singapore properties and

increase Singapore property prices

fUrther ? ? ? ?

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pharoah88
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27-Nov-2010 15:03

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Wednesday, September 15, 2010

New HDB rule on overseas home ownership raises questions

by Conrad Raj

The recent measures by the Government to prevent a property bubble in Singapore are generally welcome.

However, like all such measures, they sometimes appear to have unintended effects. In some cases, they may appear to affect people who probably were never meant to be the target of those measures.

Take the case of those who own private property not in Singapore but abroad. According to the new rules, a person who buys a non-subsidised public housing flat after the end of last month can only purchase a private property after living in the HDB apartment for a minimum of five years.

Those now own private properties and want to buy a HDB flat will have to sell their private property within six months of their HDB purchase. It does not matter if the private property is here or abroad.

Those who fail to declare their ownership of private properties or make a false declaration face fines of up to $5,000 or a prison term of up to six months, or both. The HDB can also compulsorily acquire its property if it discovers a false declaration has been made after the buyer takes possession of the flat. But many will get away with it for it is impossible or impractical to verify property ownership abroad.

Still, why penalise those having private properties abroad in the first place? How do these people compete for properties here? How are you going to attract foreign talent if they have to give up homes they may have to go back to one of these days - unless you intend to more or less imprison them here?

Not all foreign talent attract the kind of remuneration or pay packages that will allow them to buy or rent private property here. It may make more sense for these people to buy their own HDB flats. And as already reported, permanent residents who inherit properties overseas can also be placed in a quandary. Do you dispose of your inheritance, no matter what the sentimental value attached?

I know foreigners have been accused of driving property prices here sky high. But if you want to attract talent, you have to provide the infrastructure to accommodate them. The solution lies in building more flats, not in depriving them of what they own overseas.

While property prices here, both private and public, are generally expensive, a property in Malaysia or elsewhere abroad, including Australia may be relatively cheap - sometimes one third or less the cost of a four-room HDB flat here.

In fact I know of many friends who have properties in Perth or Malaysia which they use for vacations abroad. Now the new rules will not allow for such luxuries. Why?

One lady wrote in to the papers to say she had a small property in Malaysia which now houses her parents. And she had paid the option for a HDB flat here. Now she has to give up the option or leave her parents homeless. Were the rules meant for such cases?

What about retirement properties overseas? Do you have to live five years in an HDB flat before deciding to invest in them?

By then, those properties may be beyond your reach. Prices do not go up only in Singapore.

At one time, the Government itself was promoting property ownership as one of the best forms of investment. That was why it relaxed the rules on private property ownership for HDB flat owners. Now it has made a dramatic U-turn, even where there is no competition in the property market here.

How is owning overseas private property going to impact on local property prices?

Perhaps the Government hopes to lower prices by keeping out a section of the population with private flats abroad. There must be quite a large number of people owning private property abroad for them to have an impact on property prices here and for the authorities to want to enforce the prohibitions.

For sure the HDB has said that it is prepared to exercise flexibility on a case by case basis, depending on the merits of each transaction. But you cannot make a property purchase in the hope that the case will have merit in the eyes of an official with subjective views. The rules on the exceptions must be clearly spelt out for all to know and act accordingly. If there is a rejection the reason must be given.

All too often here, things are rejected without any explanation although you may be allowed to apply again, not knowing why you were rejected in the first place. There must be greater transparency and people must be aware of the clear line of thought instead of thinking that the decision depended on the whims and fancies of the person in authority.

The writer is a Editor-At-Large at Today.

Visit http://chorkim.goh.virtualhomes.sg/ for property listings

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pharoah88
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27-Nov-2010 14:58

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Hi Guru, question. Aware that there is restriction to purchase ...

9 Nov 2010 ... Aware that there is restriction to purchase resale HDB if a PR is owning a property in home country? Please confirm. Is there anyway to ...
www.propertyguru.com.sg/.../hi-guru-question-aware-that-there-is-restriction -to-purchase-resale-hdb-if-a-pr-is-owning-a-property-in-home-coun... - Cached

Property in Singapore: New HDB rule on overseas home ownership ...

15 Sep 2010 ... How is owning overseas private property going to impact on local property .... Apart from some restrictions on ownership, one of the common ...
ckgroupproperty.blogspot.com/.../new-hdb-rule-on-overseas-home- ownership.html - Cached

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pharoah88
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27-Nov-2010 14:52

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Hi Guru, question. Aware that there is restriction to purchase resale HDB if a PR is owning a property in home country? Please confirm. Is there anyway to appeal from the HDB for an exception to purchase eg. property in home country is occupied by parents etc..please advise..

Posted by Matt - Nov 9, 2010 in HDB Questions - 105 Views

Latest Answers by Real Estate Professionals (3 answers)

Kevin Toh

Contact Agent

Posted Nov 9, 2010

HDB rule is no overseas property is allow, after you purchase a HDB, you must sell away your overseas property within 6 months. Do contact me for a discussion.

Kevin
82288585

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Zhiwei Lin

Contact Agent

Posted Nov 9, 2010

Hi Matt,

The only way to go about it is to transfer the ownership of your house in your home country to your parents. This way you will be able to purchase a resale HDB and still keep the house

Rgds,
ZhiWei
Huttons
9758 4090 begin_of_the_skype_highlighting 9758 4090 end_of_the_skype_highlighting
lin.zhiwei.81@gmail.com

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Joseph Ong Chee Chuan

Contact Agent

Posted Nov 10, 2010

Hi,

Regard to your question. The only solution is to transfer your home town property to your parents name that will solve your purchase the HDB flat over here.

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pharoah88
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27-Nov-2010 14:45

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? ? ? ? prOtectIOnIsm In dIsgUIse ? ? ? ?

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