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Time is GMT + 8 hours Posted: 30 August 2005 2251 hrs HDB flat prices in Ang Mo Kio, Bedok likely to rise after makeover: experts By May Wong, Channel NewsAsia

HDB flat prices are likely to inch up in Ang Mo Kio, Bedok and Clementi when they're given the makeover promised to them by the Prime Minister at the National Day Rally. That's the view of property experts who have seen Toa Payoh totally transformed by the government's estate renewal. Looking at the flats in Toa Payoh today, you wouldn't imagine that it is one of the oldest HDB estates around. The upgrading of the entire estate has increased the value of its flats by some 10 to 15 percent. Mohamed Ismail, PropNex CEO, said: "A four-room flat in Toa Payoh, in the past, it used to be in the range of about $190,000 to $200,000. Today, such properties are going at a range of about $240,000 to $250,000. We can also see the differences in the prices within Toa Payoh." If Toa Payoh is anything to go by, HDB property prices for Ang Mo Kio, Bedok and Clementi will likely go upwards once the upgrading is completed. Mohamed Ismail said: "We'll not expect an immediate demand because such upgrading will take a period of time.....between 2-5 years or even more. But people who are staying there will be comforted to know that their property will certainly go up in terms of value." Singaporeans already have a wishlist for what they'd like if their estates are chosen for upgrading. "Like sporting facility, more space, more park lands for people," said one person. "Hoping to see cleaner flats and the repainting of the flats because the flats are quite old already," said another. "For my age, of course, I need the lift to stop on every floor, instead of having to walk three floors up," said a third. One thing is for sure - the makeover for each estate will be unique and unlikely to be a replica of Toa Payoh. Donald Han, managing director of Cushman and Wakefield, said: "A good example would be Clementi. It has among the three, the smallest population of about 87,000, 88,000 people. We should try to draw on its strengths by looking at some of its surrounding facilities like, for instance, Clementi is fairly close to NUS, you've got Singapore Poly just down the road, you also have Ngee Ann Poly. So, it could potentially attract the student enclave into Clementi. A bohemian kind of character, theme in Clementi. That's probably a good concept to have." Mr Han believes every town will have an attraction for different target groups, so any upgrading is likely to reflect the estate's "character". - CNA/ir

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Time is GMT + 8 hours Posted: 15 August 2005 1825 hrs Parliament okays Bill to let private sector build and sell HDB flats By S Ramesh, Channel NewsAsia

SINGAPORE: Parliament has approved changes to the Housing and Development Bill for the new design, build and sell scheme. Under the amended bill, the private sector will be allowed to step into HDB's shoes to build and sell HDB flats. Under the design, build and sell scheme, developers will bid for the land through open tender. The successful tenderer will also have the flexibility to decide on the design of the flats, the flat mix and their pricing. However, HDB will remain the lessor and administer the leases, while Town Councils will manage and maintain the common areas. National Development Minister Mah Bow Tan said the scheme would allow greater scope for market forces to work. He said: "This new scheme will enable the private sector to play a bigger role in the public housing market. "Our public housing programme will be more responsive to the needs and aspirations of Singaporeans. "Market competition will also benefit HDB flat buyers by injecting fresh ideas into the design of public housing, giving them a wider choice of flats and better value for money." And since the scheme is new, Mr Mah said, HDB would move cautiously and carry out some pilot projects first, to test the scheme's various features. - CNA/ir

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I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

I am 41 years old married with 3 children 2 boys and 1 girl.The amount of 15 Million United State Dollars was packaged in a Sealed and Lock Box and deposited with a Security Company in malaysia and register a Family Effect for security reasons.The security company did not know that there is money inside the box, as it was registered as Family Effect.
This money is not from terrorism, arms deal or any kind of illegal dealings, it is the proceeds and profits from my inherited Estate properties which was destroyed in this war.
My father died before the Iraq war and i am from the famous Al-Qassab royal family, I wanted to move before the war but unfortunately things went bad i moved the money ahead of time through diplomatic baggages to MALAYSIA,As i have been badly effected by the war, i lost all my belongings and documents even some of my families . I currently reside in Kota Bahru - malaysia Village refugee camp with my poor family as refugees,as you know that malaysia is well know muslim country

I am a trained mechanical engineer and speak fluently english.I spend most of my life in abroad where i was studied.
All that is required of you to do, is to show and assure me of your unlimmitted committment and sincerity and honesty towards this transcation. Also, you must assure me that you will not betray the trust ,cheat or run away with my money when the box is released or when the money transferred into your account by the company in malaysia.
Please provide me with a proof of your identity {a scanned copy of Passport or Identity Card }, with these information:
Full Name:
Address:
Ocupation;
Age:
Send me your passport or Identity card ,so i will be sure you will not run away with my money also to be sure of your ability to handle this matter.And the information will help to draft the Legal Agreement.
On reception of your Proof of your Identity by sending me your passport or id , i shall furnish you with the contacts of the Security Company in malaysia or you will meet my attorney.

As one in a refugee camp my movement is restricted,you can only act through My attorney
I will gives you my full detail when i hear from you
I eagerly await your reply
May allah bless you.
Yours,
Abdullah

Time is GMT + 8 hours Posted: 05 August 2005 1702 hrs Property prices expected to rise marginally while yields stay steady: analysts By Michael Lim, Channel NewsAsia

SINGAPORE : Property consultants are not expecting prices of commercial and industrial properties to rise drastically anytime soon. This is despite growing efforts by REIT managers here to boost their portfolio. They suggest that the property trusts turn to the region to expand their holdings. Nicholas Mak, Director, Consultancy and Research, Knight Frank, said: "Building owners can ask for the moon but whether REITs managers will pay that kind of price is another question. Yes, I agree there will be more competition and it will become increasingly challenging for the REITs managers to secure buildings at very high yield. At the same time they must also be able to give sufficient returns to the unit holders." But while prices may not jump, they are expected to edge upwards because the number of good class buildings available that could be injected into REITs will diminish over time. And with office rentals forecast to rise, building owners could be expected to ask for higher prices. Donald Han, MD, Cushman and Wakefield, said: "I think you will see an increase in price, it may not necessary be an over-inflated kind of scenario. It has to be in line with market valuations itself. Already market valuation is pegging onto a higher increase of price right now compared to the last 12 months. So yes there will be a gradual appreciation but it should be in line with market valuation, in line with market yields and rental trends." Despite the potential rise in prices, market watchers are not forecasting a rise in yields just yet because interest rates are still relatively low. Mr Han said: "If you look into the generic market on a worldwide trend itself there has been a compression of yields even in places like in US for instance. Traditional prime yields were pegged at about 7 to 8 percent, now it has gone down to about 6 percent. So this phenomenon on compression of yield is not just unique to Singapore but also on a world wide basis." "The main reason for this has been the world wide market condition is experiencing a very low historical low interest rate. So as a result low yields are excepted as long there is an arbitrage of about 2 percent to 3 percent from the cost of borrowing." Property consultants suggest that for the long term, REITs in Singapore should consider changing their mandates and turning to the region for potential acquisitions. - CNA /ch

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Time is GMT + 8 hours Posted: 05 August 2005 2030 hrs Market to decide whether more public housing will be built by private developers: Mah Bow Tan By Valarie Tan, Channel NewsAsia

SINGAPORE : Singaporeans may see more public housing flats built by private developers if there is a demand for it. National Development Minister Mah Bow Tan said the market would have to determine if these new-style developments pick up in Singapore. He was speaking in an exclusive interview with MediaCorp News. It was announced in March that private developers can now design, build and even set the prices of HDB flats. Mr Mah said this would meet the housing demands of Singaporeans which have changed over the past 40 years. But, one thing has to remain the same - the experience of living in an HDB flat. Mr Mah said: "I believe that it is good for Singaporeans to have that HDB experience - to live in a HDB estate, to grow up with communal living, living in an estate or environment where people are different, races different, customs different." The first project to be built by a private developer will be at Tampines Avenue 6 and the tender to build it will be called by the end of the year. How well it does will determine if more will be built. Looking ahead, Mr Mah said his vision for the nation's development was to make Singapore a more exciting place. He said: "Certain things you want safety, you want certainty, assurance. But you cannot be too boring, otherwise nobody would like to come and visit." So Singapore needs to inject an X-factor in its next phase of development, to get people talking. - CNA /ch

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