CNA Explains: Why are HDB estates classified as mature and non-mature?

When it comes to buying a flat, some top considerations are property prices, transport accessibility, amenities such as malls, food centres and clinics, and nearby schools, said Mr Nicholas Mak.
 
“Whether the flat is in a mature or non-mature estate is not the most important factor, unless this label affects one’s eligibility to apply for the BTO flat,” said Mogul.SG’s chief research officer.
 
Differences in connectivity have also faded as Singapore builds more MRT lines. Professor Qian Wenlan said the much sought-after proximity to MRT stations may no longer be such a compelling selling point in future. 

“Some non-mature towns – such as Sengkang, Jurong East and the Jurong Lake District – have an impressive range of facilities and amenities similar to those in mature estates. And home seekers are not oblivious to this fact,” said Prof Qian, the Ng Teng Fong Chair Professor in Real Estate at the NUS Business School.

Does it make a difference to applicants? 

Popular BTO projects in Jurong East, for example, have attracted higher application rates than those of mature estates such as Kallang/Whampoa and Queenstown, Prof Qian added.

Looking at the past few BTO launches, it’s clear that the picture has become more complicated.

One example is Woodlands South Plains, which was more popular than projects in some mature estates. The project is very near an MRT station, as well as near the Woodlands regional centre.

It is still true that mature estates garner more interest from applicants, but It appears that applicants now pay more attention to the specific location of the BTO project, and not the labels of “mature” or “non-mature”.

How might the classification change?

Beyond just the mature versus non-mature distinction, the valuation of an HDB flat in future may focus more on geographical considerations, such as proximity to the city centre or major business and recreational hubs.

Dr Phang thinks that hedonic pricing models, which identify key factors determining HDB resale prices, can be a guide. 

Based on several studies, geographical factors that affect HDB resale prices are: Distance to the CBD, distance to the nearest MRT station, distance to the nearest hawker centres, to greenery and water bodies.

In late 2021, the government announced the launch of the Prime Location Public Housing model, which could be an indicator of things to come.

Under this model, public housing is built in prime locations like the city centre and the Greater Southern Waterfront. This gives Singaporeans the opportunity to live in choice districts without having to fork out prohibitive sums for private homes, Prof Qian said.

As attributes become more similar across HDB estates, the inception of the Prime Location Public Housing model suggests that location will become “an even more salient differentiator”, she added. 

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Resort snubs RTN orders to cease operations

The Star Over Sea resort in Sattahip district, Chon Buri, has been ordered to be demolished over land encroachment. (Photo supplied/ Chaiyot Pupattanapong)
The Star Over Sea resort in Sattahip district, Chon Buri, has been ordered to be demolished over land encroachment. (Photo supplied/ Chaiyot Pupattanapong)

CHON BURI: The owner of a luxury hotel built on a hilltop overseeing a Royal Thai Navy (RTN) deep seaport has ignored a demolition order issued over security concerns.

The owner of Star Over Sea resort, Rommanee Zhou, has refused to close down or demolish the resort despite being issued a demolition order by the navy based in Sattahip several months ago.

Ms Rommanee had put up six renovated cargo containers shipped from China to be luxury sea-view rooms at her resort. It opened early this year.

The Navy and Samae Sarn Tambon Administrative Organisation on March 10 ordered the resort to suspend its operations for allegedly encroaching on state land owned by the Treasury Department.

At that time, Ms Rommanee reportedly agreed to close her business and remove the structures.

National Anti-Corruption Commission (NACC) secretary-general, Niwatchai Kasemmongkol, said on Tuesday the navy on March 12 set a 30-day deadline for the resort buildings to be demolished, but nothing was done, which has prompted further action.

Mr Niwatchai said that Ms Rommanee had appealed the order to Samae Sarn Tambon Administrative Organisation.

NACC Office Region 2 and NACC Chon Buri Provincial Office visited the resort on June 16 to follow up on the demolition orders but found the resort still operating.

Mr Niwatchai said the hilltop land is a strategic location as it oversees the Royal Thai Navy’s deep seaport, fuel depots, training sites and maritime national security areas.

He said that such areas are under the Military Territory Safety Act, which prohibits anyone from using the land without the navy’s permission.

The Sattahip Naval Station will ask the Office of the Judge Advocate General of the Royal Thai Navy to begin eviction proceedings and initiate civil action against the resort owner if she continues to ignore the demolition order, Mr Niwatchai said.

He added that NACC Office Region 2 has also ordered related agencies to speed up the demolition of the resort.

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Appeal court judges face bribe probe

PDRC member claims B175m extortion bid

A fact-finding committee has been set up to investigate an allegation by a core member of the former People’s Democratic Reform Committee (PDRC) that two senior Court of Appeal judges demanded 175 million baht to clear him of all charges over the street rallies against the government of Ying­luck Shinawatra in 2013-2014.

Judiciary spokesman Sorawit Limparangsi said in a statement dated June 26 that the inquiry panel was set up under an order issued by Chuchai Wiriyasunthornwong, president of the Appeal Court.

Mr Sorawit said Mr Chuchai took this action in response to a report by the Isara news agency that in early June, Chotiwat Luangprasert, the Supreme Court president, issued an order to set up a committee to investigate a petition for justice filed with the Court of Justice by a core member of the PDRC.

The petition related to the Criminal Court’s ruling on Feb 24, 2021, on a case in which 39 PDRC members, led by Suthep Thaugsuban, were charged with rebellion and other offences in connection with the street demonstrations to oust the government of Yingluck in 2013-2014.

In this case, the Criminal Court found 15 PDRC core members guilty as charged and sentenced them to prison terms without suspension, prompting the group to take their case to the Appeal Court.

The petitioner, who was not named, said while the court was considering the case, two high-level Appeal Court judges demanded a sum of money from him, claiming they could talk to a panel of judges who were close to a “higher-up” to clear him of all the charges.

They demanded 175 million baht, but the amount was later lowered to 49 million baht and then 35 million baht. The judges wanted the payment made by Sept 30, 2022, before the “higher-up” retired, the petitioner alleged.

According to Mr Sorawit, after the petition was filed with the Court of Justice, the president of the Appeal Court, not the Supreme Court as earlier reported by Isara news, had ordered the setting up of a committee to investigate.

The investigation results would be reported to the Supreme Court president, in line with official procedure, Mr Sorawit said.

Of the 39 PDRC members charged with rebellion, the Criminal Court sentenced 15 to imprisonment, and 12 were given suspended jail terms. The other 12 were acquitted.

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Tears for a friend

A student is consoled by friends at the funeral of Khumthong ‘Benz’ Premmanee, 18, who died when a fire extinguisher exploded during a fire drill at the Rajavinit Mathayom School in Dusit district last Friday. The funeral was held at Wat Sunthorn Thammathan in Pomphrap Sattruphai district on Tuesday. (Photo: Nutthawat Wichieanbut)

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'El Nino' set to weaken rainy season

Drought warnings as less rain bites

Thailand’s weather is already being influenced by a “mild” El Nino phenomenon, according to the Office of the National Water Resources (ONWR), which also called on all related agencies to help gear up in case the country suffers a drought.

The ONWR is Thailand’s command centre for water resource management.

Representatives from the Thai Meteorological Department, the Department of Water Resources, the Department of Royal Irrigation, the Department of Mineral Resources and the Electricity Generating Authority of Thailand (Egat) yesterday attended a meeting on preparations for this year’s dry spell.

Boonsom Chonpitakwong, ONWR’s deputy secretary-general, said the Thai Meteorological Department told the gathering that this year’s rainy season had been far milder in turns of downpours than forecasts based on average figures in recent years might have led people to expect.

Mr Boonsom said even though the rainy season has now begun in Thailand, droughts have occurred in certain parts of the North and the Central Plains.

He said a representative from the Royal Irrigation Department told the meeting that water supplies are being readied according to the department’s water management plan along the Chao Phraya River basin.

“We are facing multiple El Nino-like weather systems, which will be upgraded to moderately serious between October and December.

“Our ONE MAP model predicted the volume of water held in 35 large-scale reservoirs countrywide will reach 46.177 billion cubic metres or 65% of total capacity.

“And we have less than half for utility, or 22.635 billion cubic metres, which is less than last year,” he said.

Mr Boonsom said that it needs a two-year water management plan as droughts are likely to extend until the middle of next year based on the Thai Meteorological Department’s data.

Earlier this month, experts came out to warn Thailand to brace for unusually low rainfall and droughts this year as a result of the El Nino weather pattern.

The Thailand Science Research and Innovation also launched an annual conference on water management in the face of El Nino.

The event was attended by researchers and officials from relevant agencies, who discussed ways to deal with climate change, water management and problems that may arise.

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Archaeological dig finds another age-old stone lintel

A lintel, estimated to be about 1,000 years old, has been discovered at the Khmer-period Prasat Ban Bu Yai ruins, which are undergoing restoration in Sung Noen district of Nakhon Ratchasima. photo by Nakhon Ratchasima Provincial Administrative Organisation
A lintel, estimated to be about 1,000 years old, has been discovered at the Khmer-period Prasat Ban Bu Yai ruins, which are undergoing restoration in Sung Noen district of Nakhon Ratchasima. photo by Nakhon Ratchasima Provincial Administrative Organisation

NAKHON RATCHASIMA: A fourth decorative lintel, dating back about 1,000 years, has been unearthed at an archaeological site in Sung Noen district.

Rakchart Kiriwattanasak, president of Nakhon Ratchasima’s Provincial Administrative Organisation Council, revealed that a fourth stone lintel and a stone gate had been found at Prasat Ban Bu Yai, which is undergoing restoration in tambon Sung Noen.

The stone lintel has a carved pattern depicting the Indian god Indra riding on the back of the elephant Airavata.

Each bas-relief lintel had been installed above the gate in four directions. Apart from the decorative lintels, archaeologists have also found intact a stone-carved Shiva linga which is now housed at the Phimai National Museum in the province.

A stone-carved tympanum (triangular decorative wall surface) depicting an armed rishi, or hermit, was also excavated at the site, along with stone pillars depicting floral patterns and singha holding garlands.

All architectural elements are believed to have been made 1,000 years ago with Khmer art in the Baphuon style, said Mr Rakchart.

He added that Yonlada Wangsupakitkosol, chairwoman of the Nakhon Ratchasima Provincial Administrative Organisation (PAO), has been asked to set aside a budget to preserve and develop the site into a historical tourist attraction. However, any decision on restoration work will be made by the Fine Arts Department.

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Exercise and sports participation among Singapore residents at all-time high: SportSG survey

SINGAPORE: Exercise and sports participation among Singapore residents was at an all-time high in 2022, according to findings of an annual survey by Sport Singapore (SportSG) that was released on Tuesday (Jun 27). Seventy-four per cent of respondents surveyed last year said they exercised or participated in sports at leastContinue Reading

MAS proposes raising coverage of deposit insurance scheme to S$100,000

SINGAPORE: The Monetary Authority of Singapore (MAS) is proposing to increase coverage of the deposit insurance scheme from S$75,000 (US$55,630) to S$100,000.

MAS on Tuesday (Jun 27) published a public consultation paper on the proposals to increase the insurance coverage per depositor, and to improve the clarity and operational efficiency of the scheme.

The scheme, administered by the Singapore Deposit Insurance Corporation (SDIC), insures Singapore-dollar deposits held at a full bank or finance company in Singapore. All full banks and finance companies in Singapore are members of the scheme, except those exempted by MAS. 

Under the current coverage, the SDIC will pay out up to S$75,000 per depositor per institution in the event that a bank or finance company in the scheme goes under.

“The proposed increase will ensure that the vast majority of smaller depositors continue to be fully covered, keeping pace with the growth in average deposit balances,” MAS said.

This change will result in 91 per cent of depositors being fully covered by the deposit insurance scheme and will ensure that it “continues to fulfil its primary objective of protecting small depositors in the event of a bank failure”, the authority added.

About 89 per cent of depositors in Singapore are fully insured under the scheme, said Minister of State for Trade and Industry Alvin Tan in May in response to parliamentary questions.

The coverage limit was last raised in 2019 from S$50,000 to S$75,000, fully insuring about 91 per cent of depositors at that time. The percentage of fully-insured depositors has since fallen slightly amid deposit growth, Mr Tan said.

“This level of deposit insurance coverage strikes the appropriate balance between achieving a high degree of coverage for depositors and managing the cost of the coverage which, if too high, will ultimately be passed on to customers,” said MAS on Tuesday.

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Pheu Thai resolves to get House speaker post

Tough negotiations expected on Wednesday with coalition-leading Move Forward

Pheu Thai leader Cholnan Srikaew leads party MPs-elect to pay respects to a spirit house before they report to parliament on June 22. (Photo: Nutthawat Wichieanbut)
Pheu Thai leader Cholnan Srikaew leads party MPs-elect to pay respects to a spirit house before they report to parliament on June 22. (Photo: Nutthawat Wichieanbut)

The Pheu Thai Party has resolved to seek the post of House speaker and asked its negotiating team to discuss the issue with the coalition-leading Move Forward Party on Wednesday, according to a party source.

Pheu Thai MPs met on Tuesday to finalise the party’s stance on the issue. Before the meeting, leader Cholnan Srikaew briefed them on the party executives’ resolution. All reporters were then told to leave the meeting room as the party wanted to keep its discussions private.

Pheu Thai list-MP Suchart Tancharoen, who is expected to be nominated to contest the House speaker post, also attended the meeting. Mr Suchart, 65, a former Palang Pracharath MP, was a deputy speaker in the last House. He defected to Pheu Thai in March.

Dr Cholnan told the meeting that the eight coalition parties still had a common goal to support Move Forward leader Pita Limjaroenrat as the country’s 30th prime minister, the source said.

As for the post of House speaker, Pheu Thai saw it necessary to discuss the issue among its executives and then among its MPs. Tuesday’s meeting was intended to give a mandate to the party negotiating team to make its position clear to their Move Forward counterparts.

Each party has been adamant that the speaker should come from its ranks, but they need to settle their differences before the opening of parliament on July 3. The date was confirmed by an announcement published on Saturday on the Royal Gazette website. The vote to choose the speaker will take place the following day.

Some local media reports say Pheu Thai has three people in mind to propose for the speaker’s job, including Mr Suchart. Move Forward also is said to have three names on its shortlist.

Speaking to reporters before the meeting of party executives, Dr Cholnan declined to name any of the people being considered, pending a final party resolution.

He acknowledged that Pheu Thai MPs and members wanted the party to get the post of speaker. However, the negotiating team also had another proposal that needed to be discussed with Move Forward on Wednesday. He declined to elaborate.

It had been reported earlier that Pheu Thai was open to letting Move Forward have the speaker’s position as long as the runner-up party was given both deputies’ posts. However, Pheu Thai later denied that any such accommodation had been reached.

Move Forward has been firm in its insistence on taking the two top positions — the head of the executive branch and the head of the legislative branch — in order to steer its ambitious legislative programme through the House.

But because the two parties are so close in terms of numbers — Move Forward has 151 MPs and Pheu Thai 141 — the latter’s MPs believe their party deserves the speakership.

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Ambassador denies US conspired with any political party

US ambassador Robert Godec and army chief-of-staff Gen Thitichai Tianthong at a joint press conference in February to announce this year’s Cobra Gold multinational military exercise. (Photo: Royal Thai Army)
US ambassador Robert Godec and army chief-of-staff Gen Thitichai Tianthong at a joint press conference in February to announce this year’s Cobra Gold multinational military exercise. (Photo: Royal Thai Army)

The United States has ambassador denied the US conspired with any particular political party or interfered in the May 14 general election.

Ambassador Robert Godec said on Tuesday that the US was ready to work with all Thai political parties.

He was responding to allegations that Washington was involved in a political conspiracy to interfere in the general election.

He said Washington had shown it could work with Thai governments from all political poles, and never gave support to any party or politician in particular.

The US government looked forward to working with the new Thai government, regardless of what political parties formed it, Mr Godec said.

On the controversial plan to amend Section 112 of the Criminal Code, the lese majeste law, he said that was an internal affair of Thailand and the US government always repected Thailand’s highest institution. 

The election winning Move Forward Party plans to amend the law if it leads the new government..

The ambassador also denied the US planned a military base in Thailand or was negotiating with any party in Thailand.

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