There should be another update tomorrow noon and that's will be the final number of applicants
Hougang Meadow 4room has the most applicants, it was about 5-6 times more! Oh ho!
|Snap shoot as of 02.12.13 1130pm|
|Snap shoot as of 02.12.13 1130pm|
Hougang Meadow is located along Upper Serangoon Road and near the Hougang town centre. This 16- to 18-storey high development consists of six residential blocks with 732 units of Studio Apartments as well as 3- and 4-room Standard Flats.
The name “Hougang Meadow” reflects the series of landscaped areas that will be created within the development.
Hougang Meadow offers various garden spaces for all to enjoy. You can choose to take a stroll through these spaces, starting from the open green areas at the ground level. From here, you can venture up to the landscaped deck above the single storey the car park. Equipped with a children’s playground as well as adult and elderly fitness stations, this is an ideal venue where the entire family can exercise and have fun together. A precinct pavilion is also located here.
The rooftop garden atop the multi-storey car park is another landscaped space where you could go to for outdoor relaxation. Those with green fingers can also enjoy gardening at the community garden located here.
For added convenience, a minimart and a cafe will be provided within Hougang Meadow. A Senior Care Centre will also be set up within the development to provide day care, dementia day care, day rehabilitation services, basic nursing services and other social services. Seniors can also visit the Senior Activity Centre to make friends and engage in regular social activities.
Located in Woodlands town, Admiralty Grove is bounded by Woodlands Avenue 6 and Drive 62. You can take your pick from the 993 units of 2-, 3-, 4- and 5-room Standard Flats housed in seven 13-storey residential blocks. One other residential block within this development is set aside for rental housing.
The name “Admiralty Grove” takes inspiration from the lush landscaping within the development.
Admiralty Grove offers various landscaped spaces where you can relax and unwind after a hectic day at work. You can also choose to mingle and chat with your family and friends at the precinct pavilions.
Alternatively, you can enjoy a myriad of fun activities amid the open spaces such as working out at the adult and elderly fitness stations, playing with the children at the playgrounds, or simply enjoying a game or two with your neighbours and friends at the hard court.
In addition, the roof gardens adorning the development’s two multi-storey car parks will serve as additional venues for interaction and relaxation. Those who enjoy gardening will appreciate the community gardens located here.
You will also find daily conveniences within easy reach. Admiralty Grove will have its own supermarket, eating house and shops, so you can shop and enjoy a meal close to home. A Residents’ Committee Centre will also be located within the development.
And so I received a call from HDB informing me that there is insufficient funds in my CPF to pay for my monthly mortgage. That came as a surprise as the last time I check, there was still some money in my account.
At the CPF counter, a CSA patiently explained to me that my money has been moved into a retirement account leaving practically zilch in my ordinary account and although I am still making monthly contribution to CPF, that money cannot be used to service my mortgage as I do not have the required minimum sum.
I am left with 2 options. One is to make monthly cash payment. the other is to use the meagre $5K payout to fund my remaining mortgage.
Thanks Zuraidah. You had been very patient and kind in your explanation of all the rules and regulations although I understood only half of what you said. As you have mentioned, your hands are tied.
How is MS set aside?
When you reach 55 years old, your Special Account (SA) savings, followed by your Ordinary Account (OA) savings will be transferred to your Retirement Account (RA) to meet your MS.
If the savings in your SA and OA are not enough to make up the MS, your property which was purchased using CPF savings will be automatically pledged, for up to half of your MS, to make up the difference. The pledge amount will be the amount of CPF used for the property or the Minimum Sum shortfall, whichever is lower.
If you sell the property, you will need to refund the CPF that was used to buy it and the accrued interest. The amount refunded will be used to top up to the MS that applies to you, and the current Medisave Required Amount (MRA) of $38,500. The balance of the housing refunds will then be paid to you automatically. Also, if you had withdrawn your RA savings by pledging your property, you need to refund the amount withdrawn from your RA upon the property sale to redeem the pledge.
If there is still a MS shortfall in your RA after pledging your property, a portion of the new inflows like working contributions, voluntary contributions, government top-ups and other refunds received after 55 years old will be used to make up the shortfall upon your subsequent CPF withdrawals.
After setting aside your MS and current MRA, you can choose to withdraw the remaining cash balances in your OA and SA, or continue to keep your savings in CPF to earn interest.
How much is the Minimum Sum (MS)?
The MS was set at $80,000 in 2003 and is being raised gradually until it reaches $120,000 (in 2003 dollars) in 2015. The MS will be adjusted yearly for inflation.
Quoted from : http://mycpf.cpf.gov.sg/members/MinimumSumScheme.htm
55th birthday on or after MS
(in 2003 dollars)
(after adjustment for inflation)
1 July 2003 $80,000 $80,000 1 July 2004 $84,000 $84,500 1 July 2005 $88,000 $90,000 1 July 2006 $92,000 $94,600 1 July 2007 $96,000 $99,600 1 July 2008 $100,000 $106,000 1 July 2009 $104,000 $117,000 1 July 2010 $108,000 $123,000 1 July 2011 $112,000 $131,000 1 July 2012 $113,000 $139,000 1 July 2013 $115,000 $148,000 1 July 2014 To be announced } To be 1 July 2015 $120,000 } announced
|Sky Bridge in progress|
|Up Sky view|
|Mock up at 2room flat|
|Sky Bridge look damn "short"|
|our big car park|
|So short and low, and my unit is just 1 level above they bridges -.- hope it will not be noisy!!!!!|
|Windows are up!|
|Overview of ST & SV !|
|I really hope that the news is real but according to such building speed i doubt it will be complete!!|