Property Views

[Zeal mummy]

MyPillow\" post_id=\"2073013\" time=\"1656757159\" user_id=\"70594:

That’s high! 3% for how long ?
I m not following loan interest yet- mine till end 23.
U just settled yours , can share what is floating rate now ?

Sorry I just came in and saw this post. Think floating was SoR +0.65. I’m not sure what are the rates now..

[Zeal mummy]

lee_yl\" post_id=\"2073056\" time=\"1656822997\" user_id=\"17023:

Mapletree seems popular!
We are reading up on CapitalLand Integrated Commercial Trust (CICT), Mapletree, Ascendas and Keppel. Maybe pick 1-2 from the above.

I still have some CCT shares. Which ones did you buy in the end?

[Parent]

Zeal mummy\" post_id=\"2074404\" time=\"1657790404\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2074404 time=1657790404 user_id=58173]
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership[/quote]

No decoupling allowed for HDB.

[Zeal mummy]

Parent\" post_id=\"2075207\" time=\"1658232817\" user_id=\"2348:

No decoupling allowed for HDB.

You’re welcome.

[lee_yl]

Zeal mummy\" post_id=\"2074416\" time=\"1657791240\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2074416 time=1657791240 user_id=58173]
I still have some CCT shares. Which ones did you buy in the end?[/quote]

We have those that I mentioned earlier, plus one UOB perpetual bond.

There is one similar perpetual from Standard Chartered Bank giving 5.375%pa for first 2 years then change to SORA + 3.8%. We are hesitating to buy as Stand Chart is not a local bank.

[MyPillow]

lee_yl\" post_id=\"2075434\" time=\"1658333137\" user_id=\"17023:

We have those that I mentioned earlier, plus one UOB perpetual bond.

There is one similar perpetual from Standard Chartered Bank giving 5.375%pa for first 2 years then change to SORA + 3.8%. We are hesitating to buy as Stand Chart is not a local bank.

temasek has shares in SC,

[Zeal mummy]

lee_yl\" post_id=\"2075434\" time=\"1658333137\" user_id=\"17023:

We have those that I mentioned earlier, plus one UOB perpetual bond.

There is one similar perpetual from Standard Chartered Bank giving 5.375%pa for first 2 years then change to SORA + 3.8%. We are hesitating to buy as Stand Chart is not a local bank.

I see. Thanks for sharing! Yeah SC is another source if want to diversify your investments.

[singhvibhav]

lee_yl\" post_id=\"2064030\" time=\"1649569975\" user_id=\"17023:

Update:

HDB has replied my earlier email which asked about the potential loophole of using termination of approval to rent out whole unit to evict tenants and the landlord’s contravention of HDB’s rules and regulations by renting to foreigners not of Malaysian origin for more than 2 years. To my utter surprise, HDB’s reply was totally off, it just stated that
1).HDB was not responsible for any premature termination of a tenancy agreement. 2). Landlord had applied and obtained approval first before renting out the whole unit, so LL has not broken any terms and conditions. The replies were totally off my questions. In the first place, renting out a HDB unit for 3yrs to foreigners not of Malaysian origin is already a contravention.

The killer statement was in the last sentence when HDB stated that it would not be responding to any of my subsequent emails on the matter.

I scratched my head and wondered whether my English was poor that’s why HDB misunderstood my queries. I re-read my emails and I had been very clear about my concerns. Which then makes me feel sad that HDB had deliberately chosen to ignore real issues and decided to be defensive. What’s worse, even though a clear contravention of HDB’s own rules and regulations was reported, HDB had chosen not to exercise its power as a regulator to investigate the matter.

For the next step, I am likely to write to Minister(National Development) to see what else could be done. Open for any suggestions that could help. I already running out of ideas.

Hi lee_yl, Any updates on this issue ? It was highlighted in this article: https://stackedhomes.com/editorial/singapore-landlord-allegedly-kicks-tenant-out-only-to-list-property-40-higher-heres-the-breakdown/#gs.f7mzq7, and that's how I came across this forum.

I am facing similar issue - there is no early termination clause in my HDB tenancy agreement. Because the rent has risen these days, landlord is asking me to leave while I have 17 months left in my 2-year agreement. On top of that, my wife is pregnant and under lots of mental stress. First, landlord said they want to sell, now they are saying via their agent they want to shift back to their flat. Landlord's agent almost threatening me by asking me to resolve it diplomatically, otherwise landlord can take steps. When asked what steps, the agent said that he may go to HDB or put the flat for sale. What is the point of having a legal tenancy agreement in Singapore when I can be threatened and landlords can flout the rules and HDB loopholes at their will ?

[kaisuism]

singhvibhav\" post_id=\"2085897\" time=\"1665904374\" user_id=\"199672:

Hi lee_yl, Any updates on this issue ? It was highlighted in this article: https://stackedhomes.com/editorial/singapore-landlord-allegedly-kicks-tenant-out-only-to-list-property-40-higher-heres-the-breakdown/#gs.f7mzq7, and that's how I came across this forum.

I am facing similar issue - there is no early termination clause in my HDB tenancy agreement. Because the rent has risen these days, landlord is asking me to leave while I have 17 months left in my 2-year agreement. On top of that, my wife is pregnant and under lots of mental stress. First, landlord said they want to sell, now they are saying via their agent they want to shift back to their flat. Landlord's agent almost threatening me by asking me to resolve it diplomatically, otherwise landlord can take steps. When asked what steps, the agent said that he may go to HDB or put the flat for sale. What is the point of having a legal tenancy agreement in Singapore when I can be threatened and landlords can flout the rules and HDB loopholes at their will ?

Can you check your TA again and confirm that the no early termination clause is for both parties, or to you, the tenant side only and not the landlord?

[lee_yl]

singhvibhav\" post_id=\"2085897\" time=\"1665904374\" user_id=\"199672:

Hi lee_yl, Any updates on this issue ? It was highlighted in this article: https://stackedhomes.com/editorial/singapore-landlord-allegedly-kicks-tenant-out-only-to-list-property-40-higher-heres-the-breakdown/#gs.f7mzq7, and that's how I came across this forum.

I am facing similar issue - there is no early termination clause in my HDB tenancy agreement. Because the rent has risen these days, landlord is asking me to leave while I have 17 months left in my 2-year agreement. On top of that, my wife is pregnant and under lots of mental stress. First, landlord said they want to sell, now they are saying via their agent they want to shift back to their flat. Landlord's agent almost threatening me by asking me to resolve it diplomatically, otherwise landlord can take steps. When asked what steps, the agent said that he may go to HDB or put the flat for sale. What is the point of having a legal tenancy agreement in Singapore when I can be threatened and landlords can flout the rules and HDB loopholes at their will ?

Wow, you got diverted to KSP forum via the Stackedhomes link. 😂

First and foremost, I would like to take this opportunity to thank Stackedhomes for the article which provided a good summary of the issue. In this rising rental environment, landlord will try all means to get higher paying tenants.

Quick recap of my case, the tenancy agreement was prematurely terminated when the landlord (LL) applied to HDB to terminate the approval to rent out her whole HDB. Thus, the tenants had no choice but to vacate or else they would become overstayers. The tenants were left with no place to go to when suddenly, police came knocking on their door one morning with LL and the HDB termination letter. The HDB termination letter stated that the landlord wished to take back the unit for own stay. But to my surprise, I saw the unit listed on propertyguru asking for a much higher rental within a week. Obviously, LL is making use of HDB rules to take advantage of hapless tenants. To add salt to the injury, LL did not return the tenants their 3 months’ deposit.

I wrote in to HDB twice about the case, and to my horror, both their replies were irrelevant. Worse still, their 2nd reply informed that it would be their final reply to me and I shouldn’t write in to them anymore! Btw, HDB CEO and the senior management were also kept in the loop as they were on the CC list.

I asked HDB whether there was any loophole in HDB regulations that could be exploited by unscrupulous landlords and HDB’s reply was that HDB didn’t see it as a loophole. The only recourse is for tenant to get their own lawyers to sue the landlord in a civil suit.

I hesitated to write to feedback to Minister because in HDB’s final reply, instead of addressing me as Miss Lee, HDB officer spelled out my full name together with my identity number :nailbite: which appeared to have a threatening undertone. I was just trying to seek redress for an injustice and had not wish to get into trouble with a government agency.

As your case sounds similar to what I have experienced, I think you should either suffer the injustice in silence and just get what concession you can get from your landlord and move out or proceed to engage a lawyer to fight your case.