I realized soon after writing a post about how much you can expect to pay for your initial HDB rental payments and the new HDB registration law, I should actually go into the rental procedure itself. Well, it looks like I finally got round to it! It’s not a complicated procedure, and I’m sure you’ll be able to wrap your arms around it in no time.
Let’s start with the things you’ll have to bring along:
- Photocopied passport
- Photocopied employment pass
- Good faith deposit of one month rental
The Straits Times reported yesterday that the median Cash-over-valuation (COV) for HDB flats hit a new high in the fourth quarter of 2009. COVs are cash premiums that a buyer has to pay over the bank’s valuation of the flat. Why do we have to pay a COV, you might ask.
#70 in Quality of Life Index
International Living magazine ranked Singapore 70 out of 194 countries in its Quality of Life Index. The index used nine categories to for its rankings, and here are Singapore’s scores:
Statistics, surveys, indexes… don’t you just love them? While I have neither the time nor expertise to examine the validity of these reports, they do provide us with some interesting talking points.
#2 in Index of Economic Freedom
Good Class Bungalows (GCBs) are the crème de la crème of Singapore real estate. Typically among the most expensive homes, they provide their owners with the semblance of a sanctuary in land-scarce Singapore. Their popularity can be attributed to the government’s efforts to keep them as exclusive as possible through the use of stringent regulation and controls. The following should come to mind the next time you hear the term ‘GCB’:
Our millionaire ministers have recently passed the Moneylenders (Amendment) Bill last Tuesday which introduced a new ruling affecting landlords. For all tenancies after Feb 1, landlords will have to provide details about their tenants to HDB. Those already subletting their flats have been given a 6-month grace period to register with the HDB.
So yesterday, I had an appointment at the Singapore National Eye Centre (SNEC) near Outram MRT Station. I’ve been having an annoying eye infection for the last week, and before I actually go blind, I thought I’d better go see a specialist.