REACH 525 - What are your views on the relaxed rental cap and the measures put in place to enforce it? What else can we do to help cool the home leasing market and support the rental demand?
(SK)
10 Jan 2024 (10am - 7pm)
REACH
10/1/24, 9:59 am - +REACH: *Dear Contributors,*
Welcome back! ๐
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Thank you
Megan ๐
10/1/24, 10:01 am - +REACH: *๐ข Topic ๐ข*
To help cool the home leasing market and support households that intend to rent, owners of four-room or larger flats and private homes of at least 90 sq m will be allowed to house up to eight unrelated people who are not from the same family unit, up from six, from Jan 22 2024 to Dec 31 2026.
Senior Minister of State for National Development Tan Kiat How told Parliament yesterday that residential property owners who now house up to six unrelated people will need to apply to HDB or the Urban Redevelopment Authority (URA) for authorisation to include up to a total of eight per property.
*๐ฌ What are your views on the relaxed rental cap and the measures put in place to enforce it? What else can we do to help cool the home leasing market and support the rental demand?*
SMS Tan said that the 58,000 flats that are rented out represent only about 5 per cent of about one million flats islandwide. He also said that most analysts cannot project the amount of rental supply coming on stream as this will depend on whether landlords and tenants take advantage of the relaxed cap.
The temporary relaxation of the occupancy cap will “better meet near-term rental demand and moderate rents for Singaporean households that need to rent”, added SMS Tan. "We will continue to monitor the demand and supply of open market rentals, as well as residents’ feedback on disamenities. These will be taken into consideration when reviewing whether the relaxed occupancy cap should be extended beyond 2026.”
_*๐ Inspections will be conducted for unauthorised renting*_
SMS Tan said that HDB and URA will conduct inspections to ensure that the rules are followed, adding that HDB has taken action against 115 cases of unauthorised renting a year over the past five years, and will issue written warnings, fines, or compulsorily acquire the flat for the most severe cases.
URA has also taken action against an average of 244 cases a year for breaches of the occupancy cap in private residential properties, where those who breach the cap can be fined and/or imprisoned.
_*๐ Existing rental rules continue to apply*_
The non-citizen quota of 8 per cent for HDB neighbourhoods and 11 per cent for HDB blocks will limit the number of flats that can be rented to foreigners, given that most of those renting at the occupancy cap are non-citizens.
Non-Malaysian work permit holders from the construction, marine and process sectors are also not allowed to rent HDB flats or bedrooms.
SMS Tan said that in cases where friction arises between neighbours, including tenants, HDB adopts a “meditative approach and advises flat owners and tenants to be mindful of causing disturbances to others”. Government initiatives, such as the interagency Community Dispute Management Framework and the Community Mediation Centre, can also help parties reach “mutually acceptable solutions”.
๐ *_Nuisance-related complaints about HDB renting tenants have been low_*
Nuisance-related complains resulting from tenants renting HDB flats or bedrooms constituted 1.5 per cent of the total complaints on nuisance from neighbours in the past five years.
๐ https://www.straitstimes.com/singapore/politics/mps-raise-concerns-about-relaxed-rental-cap-tan-kiat-how-says-measures-in-place-to-mitigate-these
๐ https://www.channelnewsasia.com/singapore/occupancy-cap-increase-hdb-flat-private-homes-rental-demand-4034196
10/1/24, 10:02 am - ~ REACH Singapore changed this group's settings to allow all members to send messages to this group
10/1/24, 10:04 am - ~ REACH Singapore changed the group description
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10/1/24, 10:44 am - +Smiley face: 10 January, 2023
"Let's start with the lucky number (8)"
"Buy to Rent, Rent to Buy: Darling, you buy the property and I will support you from behind with the monthly installments; more-over, we will have the rental income coming in...so, what so difficult with the added tax, just go around the circle?"
- - tittle-tattle
10/1/24, 10:46 am - +Rama: Big mistake as conflict with neighbours will be eight fold!
10/1/24, 10:48 am - +Smiley face: ...And how would the neighbors feel and thereafter respond to the newly arrived tenants if it becomes a nuisance to the immediate neighborhood?...
10/1/24, 10:52 am - +Kenneth Lee WM: This gov create problems for itself then ask for feedback to solve it.
If gov ups property taxes by 100%, bank interests rates go up (this is beyond gov control), landlord will surely need to increase rent to cover increased costs. Then gov keeps upping land sale prices causing developers to up their selling prices in order to cover the costs. They then up the ABSD to "cool" market but investors still buy and pass on the costs to tenants.
Just stop the price increases and build more houses.
10/1/24, 10:55 am - +Rama: Definitely!
10/1/24, 10:55 am - +Rama: Exactly!
10/1/24, 10:56 am - +Frankie Wee: Every Singaporean family need income it’s said not enough money
10/1/24, 10:56 am - +Frankie Wee: Or
no money
No honey
10/1/24, 10:56 am - +KL: When u see new citizen or EP holder enjoy sg while we slog . I wonder why we need to serve ?
10/1/24, 10:57 am - +KL: See those EM3 ppl now earning less than 1.800
10/1/24, 10:57 am - +KL: You see those SP
10/1/24, 10:58 am - +Rama: ๐ก๐๐๐คฆ♂️
10/1/24, 10:58 am - +Smiley face: How can we increase their income, in view of escalating prices, aka COL?
Let's find ways for this group of workers.
10/1/24, 10:58 am - +KL: No now it spread to middle income
10/1/24, 10:59 am - +KL: You should have solve it in 2014
10/1/24, 10:59 am - +Rama: Wรฌll stay there!
10/1/24, 10:59 am - +KL: Now only left one soln, will share again in time
10/1/24, 10:59 am - +Frankie Wee: That’s mean not enough provide budget low and middle income ahhh
10/1/24, 10:59 am - +KL: Today topic is hdb right :))
10/1/24, 11:00 am - +Frankie Wee: Instead of saying unfair to EP or SP high income but they paying taxable
10/1/24, 11:00 am - +KL: You can’t have feed back for free while ur civil servant lazing around
10/1/24, 11:00 am - +Rama: Exactly!
10/1/24, 11:01 am - +KL: Maybe u should check if Ep Tax same as local ?
10/1/24, 11:01 am - +KL: As fair as I aware we tax almost the same
10/1/24, 11:01 am - +KL: Just that local can min parents and NS
10/1/24, 11:03 am - +Frankie Wee: Levy tax
annual income tax
Rental pay
Pay Fare ticket to oversea
Expenses billed
10/1/24, 11:03 am - +KL: That not tax it ur option <This message was edited>
10/1/24, 11:03 am - +Frankie Wee: EP and SP no CPF
10/1/24, 11:03 am - +KL: U consider CPF as tax ?
10/1/24, 11:04 am - +Rama: Oh!
10/1/24, 11:04 am - +Frankie Wee: What is fair contributing to local high salary
10/1/24, 11:04 am - +KL: Than better scrape ns as well
10/1/24, 11:04 am - +Frankie Wee: Boss said u wan fair EP salary then boss don’t can’t afford CPF how… <This message was edited>
10/1/24, 11:04 am - +REACH: *Dear Contributors*
We want to *HEAR MORE* from you!
*๐ฌ What are your views on the relaxed rental cap and the measures put in place to enforce it? What else can we do to help cool the home leasing market and support the rental demand?*
Megan ๐
10/1/24, 11:05 am - +KL: Sorry Megan back to hdb
10/1/24, 11:06 am - +Frankie Wee: Measure erase price back to normal but they bough resale $1m overprice how to cool down. <This message was edited>
10/1/24, 11:08 am - +Frankie Wee: Did housing bubble or crisis in bad time? But has not since economy did well and price will soar high
10/1/24, 11:11 am - +Frankie Wee: New rule open marketing resale flat different in local area
Standards affordable
Plus middle
Prime high price
10/1/24, 11:24 am - +Kenneth Lee WM: To solve short term housing shortage, the 8 tenant rule is ok.
However, to reduce the inconvenience, put in another rule like no smoking in the home. With 8 tenants, probability of having a smoker is increased greatly and what was once a 2nd hand smoke free environment for the neighbours, is no longer true. Currently, there's no recourse against 2nd hand smoke coming in from outside homes.
10/1/24, 11:25 am - +KL: Btw a lot part time do grab some place full of PMD . Fire hazard
10/1/24, 11:26 am - +KL: Like one place 4 unit , 3 rent out . Tge whole corridor is bicycle and pmd
10/1/24, 11:26 am - +Rama: Social inconvenience and issues will escalate!
10/1/24, 11:26 am - +Rama: ๐ณ๐คฆ♂️๐๐คท♂️
10/1/24, 11:26 am - +KL: I won’t be surprise if fire all can’t run away
10/1/24, 11:27 am - +KL: I never report cos later ppl say me again :))
10/1/24, 11:27 am - +KL: No one check also
10/1/24, 11:27 am - +Rama: Scdf/hdb/tc to review temporary housing changes in light of possible issues!
10/1/24, 11:27 am - +Kenneth Lee WM: for this, the fire safety manager for each building must really be on the ball and get people to clear the path, at least 80% of the standard width.
10/1/24, 11:29 am - +KL: Hdb wor
10/1/24, 11:29 am - +KL: Got fire management ? Not sure <This message was edited>
10/1/24, 11:29 am - +KL: In fact hdb stairway got chimney effect which I doubt anyone aware also
10/1/24, 11:29 am - +Rama: No FM for public housing blocks!
10/1/24, 11:30 am - +Kenneth Lee WM: oh i didn't realise that! i thot that it was compulsory for all buildings in sg.
10/1/24, 11:31 am - +Rama: Surprise!
10/1/24, 11:34 am - +KL: Surprise no one saw it as well :))
10/1/24, 11:36 am - +Kenneth Lee WM: in that case, as the landlords, HDB must send their officers to walk the ground. Or assign the task of inspection to their cleaners. the cleaners are supposed to clean the common areas/corridors periodically.
10/1/24, 11:36 am - +Rama: Town Council job
10/1/24, 11:44 am - +Smiley face: Will Dormitory operators react to this 8pax per 90sqm metrics of opportunities to recalibrate their dorm space for rent?
10/1/24, 11:45 am - +Kenneth Lee WM: they shouldn't because dorms are only for construction workers.
i don't think the "normal" tenants that are affected by the high rents can live in the dorms.
10/1/24, 11:46 am - +Smiley face: Officer-inspector-supervisor-cleaner
10/1/24, 11:48 am - +Smiley face: Policy of intent and unintent...
10/1/24, 11:49 am - +Sh Koh: Most renter are unlikely to be locals. We shld remind ourselves again why we decided to change number from 9 to 6... and now 6 to 8 (due cost)
10/1/24, 11:50 am - +Sh Koh: What If to help hdb land lord due financial reasons.. Will we also allow increase of tenant next time ?
10/1/24, 11:51 am - +Smiley face: If 0-10 is the range of intensity.
6 is mid, 9 is extreme and 8 is mid-hi.
10/1/24, 11:52 am - +Rama: Stop gap measure creates more problems!
10/1/24, 11:56 am - ☸️ Danny ๅฟ:
1. On the first look, relaxing tenant occupancy cap from 6 to 8 will help to allow tenants to find a place to stay as HDB owners who already let out their flat for rental will put more tenants in the flat to earn more rental income.
2. HDB owners who don't rent out flat for their own stay which form the majority - have no impact.
3. The only concern is will more tenants in one flat:-
a. Cause more friction within the flat - as tenants will have to compete for amenities such as toilet, kitchen, fridge etc.
b. 5 room flat have 3 rooms for 2 tenants - now will need to squeeze 3 per room.
4. Whether more tenants in a flat will create disturbance to neighbors.
I think all these are valid consideration.
10/1/24, 11:56 am - +Sh Koh: I am concern it will raise the rent as more occupier to share unit cost.
10/1/24, 11:56 am - +Sam: I think this is good for Singaporean family who can't afford to rent the entire unit. Most landlord will not rent room to more than 2 pax due to existing ruling. Middle income family in transition of changing flat or with any circumstance get caught and forced to rent entire unit.
10/1/24, 12:12 pm - ☸️ Danny ๅฟ:
1. As for whether rental price and housing prices will come down - it will always depend on demand and supply.
2. Notice that the supply of HDB flats are ramping up - more bto flats are coming on board.
This will have the effects of dampening HDB flats rental prices and resale flats prices - as more flats come on board.
Tenants who need a place to stay will have more flats to choose from and rental price will soften.
10/1/24, 12:19 pm - +Rama: https://www.timeout.com/singapore/news/here-is-a-list-of-shops-that-are-absorbing-the-1-increase-in-gst-this-2024-010924
10/1/24, 12:20 pm - +Smiley face: Ratio & Imbalance
Not all HDB owners will lease part of their flats or a room?
Exactly (roughly) what are the numbers of prospects, the ratio of tenant: room? In mind?
10/1/24, 12:27 pm - +Thank You: Precisely
10/1/24, 12:28 pm - +Rama: Don't forget the damage to your homes once lease is over!
10/1/24, 12:55 pm - ☸️ Danny ๅฟ:
"SimplyGo to replace older payment cards for adult public transport fares from June 1".
https://www.straitstimes.com/singapore/transport/simplygo-to-replace-older-payment-cards-for-adult-public-transport-fares-from-june-1-2024#:~:text=SimplyGo%20to%20replace%20older%20payment%20cards%20for%20adult%20public%20transport%20fares%20from%20June%201
10/1/24, 1:07 pm - ☸️ Danny ๅฟ:
My close friend comments:-
My question is has population increase above pre pandemic levels?
Otherwise, what has changed?
Many more private and HDB were completed last year.
Rental is one reason tenants have to opt for smaller space to fit their budget.
Or compacting living space policy is set in anticipation for more lower to mid level foreign workers? <This message was edited>
10/1/24, 1:09 pm - ☸️ Danny ๅฟ:
My close friend comments:-
Or wrong type of housing has been built?
Maybe should allocate more land to build more HDB rather private condos?
10/1/24, 1:16 pm - +Smiley face: To further illustrate the concept of Buy to Rent - Rent to Buy (financial gearing), an example is a household of 6 people recently moved into a Condo or EC and chose not to sell their 3 or 4rm HDB flats because they have either fulfilled the loan or almost fully paid the flats.
Back to back, this dual income couple has upgraded to a bigger home, together with their double income status and the rental from the 3 or 4 rm flats will cover if not accelerate the repayments of the new home loan! It is a success for this family.
It is a testimony of relevance and some would called it a breakthrough and a handful would jokingly nicknamed it a "start-up" landlord in the making.
The Valuable question is, why this family chose not to sell their flats? Or it is a simple answer of " I can afford both homes" or "I'm comfortable with my income status and stable jobs" or "I'm bullish in the future values of SG properties"?
10/1/24, 1:18 pm - +Smiley face: .....It is a never ending game! Should things don't work out, don't try to stop it, and if the REVERSAL were to happen, it will be a bigger problem to solve and that's the first failure and Values will start to crumble down!
10/1/24, 1:21 pm - +Smiley face: Retrospectives:
The aftermath of the Asian Financial Crisis of the late 1990s. It took many ASEAN countries by surprised and to climb back and shockingly, it took almost a decade to see the silver lining at the end of the tunnel of darkness and uncertainties....!
10/1/24, 1:25 pm - ☸️ Danny ๅฟ:
My close friend comments:-
Asking rent shoot up because mortgage rates go up.
But if there is no demand, landlords will have to blink and lower rents.
So it follows that when rental goes up, there must be real demand and supply resulting in the high rental.
If population hasnt increased, then it means people demand for bigger space and hence squeeze down on those who are lesser off?
10/1/24, 1:30 pm - +Smiley face: What if interest rates come down?
10/1/24, 1:31 pm - +Rama: Rent should come down
10/1/24, 1:33 pm - +Smiley face: US 10 years Treasury bond is 4.08% and counting down... going forward how?
Next comes the Japanese treasure bonds, BOJ dropping its yield control curve.(YCC)? And latest, the Nikkei 225 hit new high unseen since 1989, that's 33 years historical high....so how?
What impact would these indicators fall upon us? Today's topic is pax of 8 and taming our housings cost and value.
10/1/24, 1:36 pm - ☸️ Danny ๅฟ:
My close friend response:-
Back to demand and supply.
If there's influx of well heeled foreigners, high rental can be sustained.
So depends of gov policy on population.
10/1/24, 1:46 pm - ☸️ Danny ๅฟ:
https://mustsharenews.com/nus-student-rent/
NUS Student Pays S$8,500 Rent For High-Floor Apartment With Bathtub & Floor-To-Ceiling Windows.
10/1/24, 1:50 pm - +Rama: Ridiculous
10/1/24, 1:51 pm - ☸️ Danny ๅฟ:
Filthy rich.
10/1/24, 2:04 pm - +KL: How many singles are there ? Cause not many people have Duo income <This message was edited>
10/1/24, 2:05 pm - +Rama: This could be a sign our pro family policies are not working!?
10/1/24, 2:06 pm - +REACH: *๐ข Topic ๐ข*
10/1/24, 2:27 pm - +Smiley face: How about singles earning High Income?
10/1/24, 2:28 pm - +Smiley face: ...The deeper question is, in the case of a five room HDB flats, would it be alright to partition into five bedrooms and thereon, the owner can (un) intentionally having up to 10-12 people in a "five rooms" flats?" That's one possible loophole and how to enforce (ๆไฝๆบไผ) ?...
10/1/24, 2:28 pm - +KL: Than they should not have any part in rental. Few of my friends are singles they never rent out the 3 room hdb they bought, those high income earner already buy condo long ago <This message was edited>
10/1/24, 2:29 pm - +KL: I know a lots of singles . But never really ask all of them but those I close with like 7 out of 10 never rent out , those condo yes quite a number for singles did rent out <This message was edited>
10/1/24, 2:30 pm - +Rama: ๐ณ๐คฆ♂️
10/1/24, 2:42 pm - +Smiley face: The sum and sequence of 0 to 9....
10 and above yield no exit!
10/1/24, 3:15 pm - +Smiley face: If we see public housing as one Subsidies public goods to allow many first timers to afford their first home...then it is natural to embark on a change in the entitlement and the ownership of HDB flats. What this means is to disallow HDB owners to own a Private property regardless the owner/co-owner and or his family members chose to live in either place or chose to rent one and live on the other....???
10/1/24, 3:47 pm - +Thank You: Adding more pax will only increase the rental price by common sense Haiz. Take a grab it’s 4 seaters and if you need a 6 seaters just have to pay more as simple as that
10/1/24, 4:00 pm - +REACH: *๐ข Topic ๐ข*
10/1/24, 5:04 pm - +REACH: *Dear Contributors*
We want to *HEAR MORE* from you!
*๐ฌ What are your views on the relaxed rental cap and the measures put in place to enforce it? What else can we do to help cool the home leasing market and support the rental demand?*
Megan ๐
10/1/24, 5:09 pm - ☸️ Danny ๅฟ:
Actually 58,000 flats rented out spreading across the island out of 1 million flats.
Assume all accomodate 8 persons per flat, about 464,000 work permit holders and PRs will have been housed.
Not a very big impact in disrupting the neighborhood if the flats rented out are well spread out.
10/1/24, 5:11 pm - +Rama: Singaporeans renting rental flats already cannot get along co-sharing, what more eight strangers!?
10/1/24, 5:12 pm - ☸️ Danny ๅฟ:
Hmm...
Human relationship, give and take is one important factor if co-tenants works.
10/1/24, 5:13 pm - +Sam: It is a landlord market, so most tenants are well behave
10/1/24, 5:14 pm - ☸️ Danny ๅฟ:
In army, 10 soldiers live in one bunk.
All come from different backgrounds.
They share the bunk, share toilets and facilities.
They will have to get along. <This message was edited>
10/1/24, 5:16 pm - ☸️ Danny ๅฟ:
Same as dormitories in university.
10/1/24, 5:16 pm - +Sam: Anyway only 1.5% of the disputes involved tenants
10/1/24, 5:16 pm - +Rama: This one no choice !
10/1/24, 5:16 pm - +Smiley face: 5% rented public housing
Almost 500,000 WP holders etc
10/1/24, 5:18 pm - ☸️ Danny ๅฟ:
In fact, the closest friends are those who live together in the dormitories in the University from different faculties.
Not the classmates in the same faculty.
After graduation, dorm mates often get together annually.
But not the classmates.
This is the irony. <This message was edited>
10/1/24, 5:18 pm - +Rama: Have to be selective when involving co- tenants of different religion , age, race and sex.
10/1/24, 5:20 pm - +Smiley face: Selection process, this over that, multi nationals living under one roof!
10/1/24, 5:20 pm - ☸️ Danny ๅฟ:
The dorm mates are from different religions, race and sex - though they are about the same age.
10/1/24, 5:21 pm - +Smiley face: Singles and couples...
10/1/24, 5:39 pm - +Sh Koh: If that is the case. Why do we want this to be temp ? rather why previously was changed to 9 to 6 ?
10/1/24, 5:40 pm - ☸️ Danny ๅฟ:
This is the question that I don't know.
And I can't answer.
10/1/24, 5:42 pm - +Sh Koh: ๐ค
10/1/24, 5:42 pm - +Jimmy Chew: Commonality - all males, same sge and too tired to fight. All Singaporeans. One objective, survive NS..Hahaha
10/1/24, 5:43 pm - +REACH: *Tech platforms responding with ‘varying degrees of urgency’ to police’s requests on scams: Sun Xueling*
๐ https://www.channelnewsasia.com/singapore/tech-platforms-responding-varying-degrees-urgency-police-requests-scams-mha-sun-zueling-4037216
10/1/24, 5:43 pm - ☸️ Danny ๅฟ:
All in the mind and the heart.
Whether want to live happily in co-existence or whether want to nit-pick - and then quarrel and live unhappily.
10/1/24, 5:46 pm - +Rama: Wonderful
10/1/24, 5:47 pm - ☸️ Danny ๅฟ:
Tech platforms is pivoted in the fight against scams.
Notably Meta, WhatsApp, telegram and carousel - form the largest sources whereby Singaporeans and residents got scam.
If these platforms are more vigilant to sieve out scammers - less Singaporeans and residents will be scammed.
10/1/24, 5:48 pm - +Rama: I don't trust carousel!
10/1/24, 5:58 pm - +Bhavani: If there are many tenants, they will be using up all the facilities and also crowding shops in heartlands etc. This will be unfair to Singaporeans. <This message was edited>
10/1/24, 6:00 pm - +REACH: *๐ข Topic ๐ข*
10/1/24, 6:00 pm - +Smiley face: The Co-Living model will thrive especially location wise, in some cases over crowding an apartment of 120sqm with up to five small bedrooms charging at the minimum rental of $900/mth per room with shared baths to $1,200/mth with its own private bath....
10/1/24, 6:02 pm - +Bhavani: Crowding tenants together could also lead to infectious disease spread
10/1/24, 6:04 pm - +Bhavani: <Media omitted>
10/1/24, 6:04 pm - +Bhavani: https://m.timesofindia.com/life-style/health-fitness/health-news/dengue-outbreak-why-is-delhi-reporting-the-highest-number-of-dengue-cases-each-year/articleshow/102390455.cms
10/1/24, 6:06 pm - +Bhavani: Many tenants also mean more utilities usage
10/1/24, 6:06 pm - +Rama: A real possibility!
10/1/24, 6:07 pm - +Rama: Arguments will arise over costs sharing, usage and space
10/1/24, 6:09 pm - +Bhavani: This utility usage also hurts the environment making it unsustainable
10/1/24, 6:12 pm - +Bhavani: This overusage by so many tenants also deprives Singaporeans of their legitimate electricity and water needs as PUB has to cater to tenants too
10/1/24, 6:13 pm - +Bhavani: So more and more electricity and water is used up
10/1/24, 6:15 pm - +Rama: This remark is an overkill!
10/1/24, 6:16 pm - +Rama: Government carers to citizens as well as working professionals, WP/SP/DP/EP with adequate resources and foresight
10/1/24, 6:16 pm - +Rama: We are slowly but surely going green!
10/1/24, 6:20 pm - +Smiley face: ...Comparatively, one winning and significant factor is the overall land sales in 2017 for Hong Kong was $30 billions whereas for Singapore land sales amounted to $7.7 billions for 2023. The value chain across all properties is more attractive and it is in favour of Singapore and importantly, a strategic advantage....
10/1/24, 6:23 pm - +Smiley face: Open house or Open Room?
With 8 pax and 90sqm metrics, perhaps it may not necessarily tame the overall values of properties from private to public nor in the short run dampen rental?
What is the ratio of availability, this case is the measurements of prospect vs room?...
10/1/24, 6:23 pm - +Smiley face: How to play these "old & new" game?
10/1/24, 6:24 pm - +Smiley face: Hold on to the strategic advantages...it is hard earned!
10/1/24, 6:33 pm - +Bhavani: This catering to all is what is driving up electricity and water costs due to high demand
10/1/24, 6:34 pm - +Bhavani: Many Singaporeans are complaining about high utility charges
10/1/24, 6:36 pm - +Rama: Wrong! Our economy cannot survive on our local population. We are not where we are now in the eyes of the world wide business community, governments etc but with others working here so appreciate what others have contributed to our respect.
10/1/24, 6:37 pm - +Rama: Cost of natural resources, fossil fuel fluctuate so cannot be helped
10/1/24, 6:37 pm - +Bhavani: We can use robots to do jobs that are difficult
10/1/24, 6:38 pm - +Bhavani: It is not just the cost of natural resources. It is also the demand for it!
10/1/24, 6:39 pm - +Rama: AI and drones are still new worldwide so not yet
cost effective in the long run.
10/1/24, 6:40 pm - +Rama: Be practical in your analysis.
10/1/24, 6:40 pm - +SL: AI for household and commercial is available, drones are widely use in some industry and country
10/1/24, 6:41 pm - +Bhavani: I am being practical
10/1/24, 6:41 pm - +Rama: Not yet widespread in usage.
10/1/24, 6:41 pm - +SL: I subscribed to AI to run IoT currently
10/1/24, 6:41 pm - +SL: Depended on geographical location and access.
10/1/24, 6:42 pm - +Rama: Your reasoning does not give hope for the future of our country.
10/1/24, 6:42 pm - +Rama: Any factual statistics?
10/1/24, 6:43 pm - +Smiley face: Great to know! AloT
10/1/24, 6:43 pm - +Bhavani: Please don't make sweeping statements. Let the gov decide which feedback they want to implement
10/1/24, 6:43 pm - +Rama: I take it that you didn't participate in the past Singapore conversation or forward Singapore dialogue!?
10/1/24, 6:43 pm - +Smiley face: Facts are.... faster acceleration this AloT...
10/1/24, 6:44 pm - +SL: I'm using AI to manage 20% of the IoT at my home. The rest of 70% of iot I run on simple programming. If we said about AI, commercially can subscript for running program, analysis or drawing, writing program etc
10/1/24, 6:45 pm - +REACH: *Dear Contributors,*
⏰ We will be closing the chat in *15 minutes* ⏰
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan ๐
10/1/24, 6:45 pm - +Smiley face: Smart implementation and risk assessment! Hi SL....
10/1/24, 6:45 pm - +SL: Drone are widely used in agriculture in some countries, if need statistic data I need to compute.
10/1/24, 6:46 pm - +SL: Hello ๐ and happy new year 2024 to everyone
10/1/24, 6:46 pm - +Smiley face: Pls continue your great efforts.... breakthrough to 50% and thereon 80% within 3 years!...all the best!
10/1/24, 6:46 pm - +Smiley face: Sama sama!
10/1/24, 6:47 pm - +Rama: What is the progress for AI usage commercially, industrially and residential lying in Singapore ?
10/1/24, 6:47 pm - +Rama: Drones including where applicable
10/1/24, 6:48 pm - +Smiley face: Within 5 years, SG must and will up the Scale.... faster acceleration.... fyi,
10/1/24, 6:48 pm - +Smiley face: Strategic advantages.... let's think of it this way...
10/1/24, 6:49 pm - +SL: It is very hard at the current moment as the full automation of the kitchen is not possible. I only managed to do semi automation. There is no integration between kitchen cooking appliance and the fridge. All IoT appliances run on their own connection with the hub. It is a hierarchy instead of a network connection.
10/1/24, 6:50 pm - +Rama: Agree
10/1/24, 6:50 pm - +Bhavani: Of course I have given feedback
10/1/24, 6:50 pm - +Smiley face: Perhaps, try to source from China, probe into KFC China ops....take a deeper look...
10/1/24, 6:51 pm - +SL: I am waiting for the robotic arms to be integrated into kitchen environment to complete the flow of transporting ingredient into the AI cooking devices.
10/1/24, 6:51 pm - +Smiley face: Wow! Like it !
10/1/24, 6:51 pm - +Rama: Hope it grows positively
10/1/24, 6:51 pm - +Rama: Wow!
10/1/24, 6:51 pm - +SL: ☺️
10/1/24, 6:52 pm - +SL: I integrated idea from China appliance.
10/1/24, 6:54 pm - +Smiley face: SL, a little bit of the longer essay for you to read ... hope it will be helpful to you....here it goes...
10/1/24, 6:54 pm - +Smiley face: Continuation: Part 4/9 (part 1/3)
(Accelerating Performances & Pitfalls: Jung, Maslow, Da Vinci, Deming, Einstein, Galileo, Moore and more?)
"The new metrics: The Grandstand of Sciences and Technologies to up the Scale : A model and a hyper scaler of tomorrow"
"The profound differences between a Speed reader and a Smart reader? How about prolonged learnings or generative learnings? Size-Speed-Scale, the interdependency of accelerating performance !"
- - anonymity
Synopsis:
Today is smartapp, tomorrow is superapp and the future is hyperapp (Hybrid app) that is full-time and fully automated. Scale goes hand in hand with the Scopes of an entity, it can range from a sole proprietor to a small or medium enterprise or a large organisation. Even if you are a Big player in your industry, you will not have advantages over your closer competitors' if you don't have the Speed. And superscale also means super speed in your entire operations.
A basic determinant of scaling is perhaps to Size-up the operations of an entity from a simple to a highly complex setup. An entity with less than 10 people should adopt and implement a smart app or smarter ways of operating using digital tools to scale, perform and produce like a 50 persons setup (1:5). Likewise for a firm with 50 or more staffs, it should drive towards a super app with multiple connectivity via digital platforms to excel both internally and externally (1:20). The large corporation will have to Invent itself out of the grit to compete in the contentious environment.
One recommendation is a hyper app or a hybrid form of super-hyper business model to connect with staffs, suppliers, stakeholders and customers (1:100). All in all, the idea is to progress from an analog baseline or semi automatic function and transit and transform into a fully autonomous working environment that aligns/misaligns with the growth trajectory of any entity in order to scale new heights of productivity and the ultimate profitablity of a firm. It will be time consuming and cost is one factor, it is a long learning process that comes with big failures and small successes, only through valuable experiments and learned experiences, one will see the ripe fruits at the end.
The paramount of all is to not halt but be agile and keep the momentum going to find the next form and footing! Quality and Quantity, are we able to merge and marry both? It is trillions of dollars worth of opinions and opportunities! Metaphorical, from a microscope to a periscope and a telescope, extend it in search of the new paradigm of superoptimisation in the deep ocean to the blue sky."
10/1/24, 6:55 pm - +SL: Just a thought on industry revolution 5 and how fast it will become a reality ๐ค
10/1/24, 6:55 pm - +Smiley face: Within 3 years . .mark it down!
10/1/24, 6:56 pm - +Smiley face: Either you are there or you will be squared!
10/1/24, 6:56 pm - +Rama: No in between!
10/1/24, 6:56 pm - +SL: We should exploit ir 5 and benefit us
10/1/24, 6:56 pm - +Smiley face: Wait long long...
10/1/24, 6:57 pm - +Smiley face: Strategic advantage
10/1/24, 6:58 pm - +Smiley face: Super Scale?
The idea of scaling has long been researched and known among engineers, scientists and experts from various disciplines or businesses. The transition from a model into a motion of scaling and from the previously proven methodologies through continuous trials, errors and realignments to ensure the next transfiguration and transformation of the Super Scaling from smartapp EV, office, hospitality, hospital, military, financial to manufacturing of the future goods and services. By the definitive meaning of the future, we are talking about a time frame of 10 years or an equivalent of half a generation of any age group/population. The enlarged variables of scaling goes hand in hand with the multiplier effects of up to 1000x from an existing proven and scaled platform. How to cut the bad variables and costs?
Time is a variable often defined as turnaround time and in the aircraft maintenance business it's called "Time On Wing" whereby the time taken from removing an aircraft engine, bring it in for maintenance and mounting it back to the wing after its completed. This TOW example is a big variable of time and the standards of process in hangar, from aircraft out of service to the hours of labor, the replacement of parts and checks, rechecks and certification. Reimagining, perhaps by deploying robotics coupled with a cutting edge AI driven diagnostic tools to scan and fix parts of all sizes and areas.
In the next two decades, a fully and full-time automated maintenance system that the manufacturer, engineers, technicians all onboard to undertake from the design stage to the implementation of future engines serviceable by intelligent robots, AI app and engineers, 95% non-human mechanic and 5% human checks. Will the engine makers not just focus on maintenance issues but to redefine ways in which future design of hyper engines are made with minimal downtime or more durable parts and optimum choice of high-heat resistance materials which will contribute significantly to the efficient for all Airlines. It takes many hands and like minded people to find solutions to the existing challenges, road blocks and unblock one at a time and simultaneously.
10/1/24, 6:58 pm - +Smiley face: SL, pls continue reading... thanks
10/1/24, 6:59 pm - +Smiley face: Today's longest essay....
10/1/24, 6:59 pm - +Smiley face: 10 January, 2024
"Let's start with the lucky number (8)"
"Buy to Rent, Rent to Buy: Darling, you buy the property and I will support you from behind with the monthly installments; more-over, we will have the rental income coming in...so, what so difficult with the added tax, just go around the circle?"
- - tittle-tattle
The Co-Living model will thrive especially location wise, in some cases over crowding an apartment of 120sqm with up to five small bedrooms charging at the minimum rental of $900/mth per room with shared baths to $1,200/mth with its own private bath. More to it, this new HDB ruling of up to 8 people in a minimum living space of 90sqm or larger. The deeper question is in the case of a five room HDB flats, would it be alright to partition into five bedrooms and thereon, the owner can (un) intentionally having up to 10-12 people in a "five rooms" flats?" That's one possible loophole and how to enforce (ๆไฝๆบไผ) ? And how would the neighbors feel and thereafter response to the newly arrived tenants will it becomes a nuisance and many unhappiness to the immediate neighborhood?
To further illustrate the concept of Buy to Rent - Rent to Buy (financial gearing), an example is a household of 6 people recently moved into a Condo or EC and chose not to sell their 3 or 4rm HDB flats because they have either fulfilled the loan or almost fully paid the flats.
Back to back, this dual income couple has upgraded to a bigger home, together with their double income status and the rental from the 3 or 4 rm flats will cover if not accelerate the repayments of the new home loan! It is a success for this family.
It is a testimony of relevance and some would called it a breakthrough and a handful would jokingly nicknamed it a "start-up" landlord in the making.
The Valuable question is, why this family chose not to sell their flats? Or it is a simple answer of " I can afford both homes" or "I'm comfortable with my income status and stable jobs" or "I'm bullish in the future values of SG properties"?
Free lessons?
Looking into other location such as Hong Kong; the short term outlook for its residential property market is a mixed bag of opinions. Overall, rentals are sustainable and less so for the value of homes. Why? It's still an unsolved social issue and owning a home is a big problem. The present value of homes are out of reach to many Hongkongers or all along, in the meantime with the scarcity of cash and the only choice is to rent a home. Arguably, perhaps is the sustaining higher cost of livings and consequences.
Comparatively, one winning and significant factor is the overall land sales in 2017 for Hong Kong was $30 billions whereas for Singapore land sales amounted to $7.7 billions for 2023. The value chain across all properties is more attractive and it is in favour of Singapore and importantly, a strategic advantage.
Holding onto two babies?
Going forward, the density of all housings will be higher as it is a natural progression of a highly developed nations like Singapore.
If we see public housing as one Subsidies public goods to allow many first timers to afford their first home...then it is natural to embark on a change in the entitlement and the ownership of HDB flats. What this means is to disallow HDB owners to own a Private property regardless the owner/co-owner and or his family members chose to live in either place or chose to rent one and live on the other....???
Possible change?
The 'amended laws' to read as follows "HDB owners are not allowed to own private property whether is through private transfer or through inheritance or one spouse holding to a private property title while the HDB is single or co-own or in the name of the other spouse; as reflected in the marriage certificate....exceptions be given to the transfer of ownership of a HDB flats from parents to child or children. Same rules shall be applied to this transfer. There is no restriction to own any private property. All prevailing ABSD shall be applicable...." There is no restriction to own private property.
Open house or Open Room?
With 8 pax and 90sqm metrics, perhaps it may not necessarily tame the overall values of properties from private to public nor in the short run dampen rental?
What is the ratio of availability, this case is the measurements of prospect vs room?
If there is an Imbalance of the absolute numbers say more tenants chasing lesser available rooms or flats for rent or more rooms available in the market for rent may not means the overall public housings rental will drop lower compared YTYTY?
How about the private properties for rent, specifically EC, apartment and Condo. Will the latest 8 pax intervention to tame rentals and in the hopes that the average price of private properties will decrease likewise the resales prices of public housing? Not so simple analytic, when one thing changed and three other variables will follow suits and often enough one unintended outcome will arise and thereafter, there will be new measures to nimble this one out of position!
How to play these "old & new" game?
It's all falls back on the value and the existential intangible values of SG! Why intangible matters too? In the fast acceleration of the digital transformations, SG is one of the leaders of the world that will emerge as a successful nation and a digitized economy that will bring in a higher GDP, FDI and private funds into our shore; simply to say, it is a happy problem and this mega trend of migration of the tangibles and the intangibles are unstoppable coupled with Digitisation, it's going to be faster!
Accomodation and Accommodating are the keys to balance things over the short term and beyond 5 years.
Retrospectives?
"Looking back, perhaps, it was a critical moment and economists called it a 'critical window' of opportunities to invest, to buy your second home or to buy a piece of land (circa 1997-2000)".
- - anonymity
The aftermath of the Asian Financial Crisis of the late 1990s. It took many ASEAN countries by surprised and to climb back and shockingly, it took almost a decade to see the silver lining at the end of the tunnel of darkness, unemployment and uncertainties....!
It is a never ending game! Should things don't work out, don't try to stop it, and if the REVERSAL were to happen, it will be a bigger problem to solve and that's the first failure and Values will start to crumble down!
- - in progress - -
10 January, 2024
"The concepts of Enabling and Uplifting"
"In the hopes? 5%+5% to create many hopes and aspirations to realization or feeling hopeless or dreaming! As adults we all know very well how it feels and felt when you are at the low of your life and how about students of today if they don't seems to get what they aspire and failed or worse, don't know at all what is ahead of them or what is future? How to enable, ensure them and let them have a greater sense of their future and not overly anxious over the future of jobs and incomes! Let's relook, realign, a new process aligned, and success will follow the rest."
- - anonymity
Existential Facts?
You need relevant skills or adequate knowledge to land a paying job. You need even more personal attributes to aspire more pay from your employer. You need to have related or relevant experience to hold on to a job, to look for another better paying job or before you are hired (or fired).
Your educational background is the starting point of your working journey and your prospects which is known as career path. In this accelerating transformation of knowledge and skillsets, all workers from the basic to the advance level at the workplace will experience profound changes to the job requirements in this digital age of working.
High 5?
In particular, we should assess the ITE students to enable and uplift them into the next level of knowledge base that is the Polytechnics.
How can we enable this uplifting process?
Assuming the current "cut-off" from ITE to Poly as a 5% percentage based on the graduating cohort. If its 5,000 then its the top 250 students will qualify to further their studies at any one of our Polytechnics.
How about this 5%+5%? ITE to Poly to Uni; JC to Uni ?
Let's allow second chance for the next 5% of the graduating cohort to be admitted to the Polytechnic of their choices based on competencies and learned skills.
This second 5% are admitted on a 1 year probation and students must pass the core subjects in the Polytechnic modules in order to be promoted to the 2nd year and thereon, the rules and matriculation shall be the same for every students till they graduates from their respective Polytechnic.
Students who failed the first probational year, they can either repeat or retake up to 3 subjects to be considered for promotion to the 2nd year. How would the timing to serve NS affecting these boys if they repeat?
Cases whereby students are not suitable to be promoted, a Certificate of Completion will be awarded to the students.
It's not over and done for these students! Anytime during their worklife, they can reapply for first year enrolment or so called as part of our Skillsfuture extended to these young adults age 35 and below.
Thereafter?
Can we also applied the above "5%+5%" to our Polytechnic graduates to extend many second chance to the next tier of 5% to any of our local Universities.
"If we believe that our Youth is our future and the Deciders of our Future SG. Together, let's transform."
- - anonymity
The overall benefits?
It is timely now to enable and uplift as many of our youth in hope of a better future for as many as possible within our limitations, though we have the means and most importantly, not letting every human fall through the cracks of their life journeys whether you are a student, a working adukt or a retiree. We stand taller as ONE ! Or own self check oneself? Or None?
- - in progress - -
10/1/24, 7:00 pm - +REACH: *Dear Contributors,*
We will be closing the chat for today.
Thank you very much for being part of our WhatsApp chat and participating actively.
Goodnight!
Megan ๐
10/1/24, 7:00 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group
=====
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