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Governance in Singapore -HOUSING

Singapore, being a tiny red dot, has lack of space, so the housing division of the government – the Housing and Development Board (HDB) – created an ingenious solution to solve Singapore’s housing problems: “Skyscraper Houses”.<br>

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Governance in Singapore -HOUSING

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  1. Governance in SingaporeHOUSING Direct Property Singapore

  2. Singapore – The land of unique houses • Singapore’s houses are fairly unique, unlike most Western countries. • Singapore, being a tiny red dot, has lack of space, so the housing division of the government – the Housing and Development Board (HDB) – created an ingenious solution to solve Singapore’s housing problems: “Skyscraper Houses”. • Today, these “Skyscraper Houses” – better known as HDB flats – accommodate approximately 80% of Singapore’s population.

  3. Singapore – The land of unique houses • HDB flats in Singapore can be grouped into 2 main categories. • Residential Housing • Business

  4. RESIDENTIALHOUSING

  5. Residential Housing – Income Ceiling

  6. Residential Housing – Criteria Home Seekers (HDB Flat) • Singapore citizen, ≥21 years old • ≥1 Singaporean/PR family member • 1st timer – must not be owners/sellers of HDB/DBSS flats/Executive Condominium or received housing subsidies (e.g. CPF housing grant)  • 2nd timer – must not be owners/sellers of HDB/DBSS flats/Executive Condo/flats under CPF housing grant/other housing subsidies* Max. 2 properties per household*If under housing subsidies, have to pay resale levy

  7. Residential Housing – Subtenant Eligibility Permitted Subtenants -Singapore citizens-Singapore permanent residents-Non-citizens legally residing in Singapore[holders of Employment Passes, S Passes, Work Permits, Student Passes, Dependant Passes, Professional Visit Passes, Long Term Social Visit Passes (6 months and above)]

  8. Residential Housing – Subtenant Eligibility Non-Permitted Subtenants -Non-Malaysian foreign construction workers;-Owners /tenants of existing flats, excluding:1. owners/tenants who are divorced. Only one of the divorced parties is eligible to be a subtenant 2. owners who are eligible to sublet their whole HDB flat. However, they must sublet their own flat within one month after they have rented an HDB flat from other flat owner or if they are not able to rent out their own flat as there are other occupiers remaining behind 3. Owners of existing Executive Condominium units where the 5-year minimum occupation period has not been met

  9. RESIDENTIALHOUSING

  10. Residential Housing – Policies • Minimum Occupation PeriodHome owners can occupy the flat for the time period of before being eligible to sell it on open market.- 1 room/ HUDC flat – No MOP- HDB/CPF housing grant flat – 5 years- Selective En bloc Redevelopment Scheme flat – 5 years- Resale Flat (w/o CPF housing grant scheme)-> Loan from HDB – 2.5 years-> Else – 1 yearKeeping Dogs- You can have only one dog per HBD Flats • Dogs must not be creating any issues for other residents. • Dog must be licensed by AVA

  11. Residential Housing – Policies Subletting of flatHome owners allowed to sublet flat if:- Occupied non-subsidized flat for at least 3 years or subsidized flat for at least 5 years- Live in quarters provided by employer- Going overseas to work/study- Live in commercial properties Small-scale businessHome owners can carry out small-scaled activities without engaging employees and no approval is needed. E.g. Office work, baking, sewing, tuition, hairdressing, etc.

  12. Residential Housing – Policies Investing in private propertiesEligibility:- Flats from HDB/under CPF housing grant-> Satisfy MOP-> Continue to stay in flat after acquiring private property- Flats from open market/without CPF housing grant-> Continue to stay in flat after acquiring private propertyFire insuranceHome owners with HDB loan must purchase fire insurance from appointed insurer and renew every 5 years if there is still outstanding loan.

  13. Residential Housing – Evaluation Minimum Occupation Period policy • You can’t buy or sell property too frequently, as it would rise the property price, and will make it costlier for the poor people. • If Rich people buy all the less priced houses and sell them at higher prices, that would make the poor people homeless.

  14. Residential Housing – Evaluation Subletting of flats • Flat owners are also restricted to sublet their flats too early • Prevent them from buying flats only to be rented out for profit and not intending to stay in the flat at all • However, under certain conditions, HDB still allows flats subletting of flats to maximise the usage of the flat • Eg. if a person is going overseas to work for a period of time, and no other people is staying in the flat, it can be subletted to others so that people who temporarily has no place to stay would not be homeless.

  15. Residential Housing – Evaluation Investing in private property • Homeowners must live in their flat after buying private property. • This is to fully utilise HDB flats, ensuring that people do not just buy private property and leave the flats empty as it can be used to house others.

  16. Residential Housing – Evaluation Upgrading programmes • Many things get obsolete after some time, so there is a need to constantly upgrade and improve on facilities for more convenience and also to prevent accidents due to faulty objects from occurring. • Eg. Lift upgrading programme to stop on every floor for the convenience of residents in that block to save time and effort from climbing up the stairs. • Certain upgrading programmes are optional and let the residents vote to decide on whether to carry out the process. • If the residents feel that the upgrades are not worth paying for, they can vote against it. • Most of the upgrading programmes are subsidised by the government so that the residents still get to enjoy benefits even though they might not be rich.

  17. Residential Housing – Evaluation Terms and Conditions • The flat has to remain a place of residence so as to prevent people from buying flats and subsequently turn them into an office, leaving others who really want to purchase a flat for residential stay homeless. • The main purpose of a flat is to house people so the business cannot be too large-scaled. For the large-scaled businesses, they have to be approved by HDB.

  18. Residential Housing – Evaluation Residential Housing – Evaluation Terms and Conditions • Businesses are limited to office work such as accountancy to prevent customers from crowding the corridors and providing inconvenience to other residents in the case of clothes shop, etc.

  19. Conclusion • Housing is an important issue in Singapore, with its limited land capacity. • HDB helped to solve this problem through high-rise flats for a sustainable Singapore. • Its policies provides benefits for all classes of people in Singapore. • If these policies weren’t introduced, currently Singapore would have many homeless people living on the streets. • HDB flats might seem sustainable for now... but are the flats going to continue to keep getting higher if the population increases?

  20. THANK YOU Direct Property Pte. Ltd. http://directproperty.com.sg/

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