Why push unrealistic $2m HDB resale listings?

Effect on the market?

What should potential buyers do?

Can the $2m mark be delayed? How so?

How to spot unrealistically high HDB prices?

Two HDB resale flats had listing prices of $2 million in May, which were debunked by the authorities for being misleading and unrealistic.

Synopsis: Every second Monday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

The authorities sat up and paid attention when a jumbo flat in Sengkang was put up for sale with an asking price of $2 million in May. Then there was a listing for a DBSS flat in Toa Payoh asking for $2 million.

But with a record number of HDB transactions above $1million each - a phenomenon that started around 2012 -  is a HDB resale flat with a price tag of $2 million permanently unrealistic?

In this episode, ST assistant podcast editor Lynda Hong and business correspondent Sue-Ann Tan look at the percentages and context of HDB resale flats in the market with Nicholas Mak, who is now chief research officer of property search portal Mogul.sg.

He has over 25 years of experience in the Singapore and regional real estate markets.

Highlights (click/tap above):

1:35 Why did the agents push these $2 million HDB resale listings, which have been debunked by the authorities as unrealistic or misleading?

3:30 Avoiding ripple effects and creating the wrong impression among other sellers and buyers

9:54 What should potential buyers do?

12:05 Can the government divert demand away from the resale market and delay reaching a $2m mark there?

16:35 How do buyers discern if a HDB resale listing price is unrealistically high? 

Read ST's Opinion section: https://str.sg/w7sH

Read Sue-Ann Tan’s articles: https://str.sg/KpUx

Produced by: Lynda Hong (lyndahong@sph.com.sg), Sue-Ann Tan (suetan@sph.com.sg), Ernest Luis & Hadyu Rahim

Edited by: Hadyu Rahim 

Follow In Your Opinion Podcast here and get notified for new episode drops:

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#inyouropinion

Two HDB resale flats had listing prices of $2 million in May, which were debunked by the authorities for being misleading and unrealistic.
Synopsis: Every second Monday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
The authorities sat up and paid attention when a jumbo flat in Sengkang was put up for sale with an asking price of $2 million in May. Then there was a listing for a DBSS flat in Toa Payoh asking for $2 million.
But with a record number of HDB transactions above $1million each - a phenomenon that started around 2012 -  is a HDB resale flat with a price tag of $2 million permanently unrealistic?
In this episode, ST assistant podcast editor Lynda Hong and business correspondent Sue-Ann Tan look at the percentages and context of HDB resale flats in the market with Nicholas Mak, who is now chief research officer of property search portal Mogul.sg.
He has over 25 years of experience in the Singapore and regional real estate markets.
Highlights (click/tap above):
1:35 Why did the agents push these $2 million HDB resale listings, which have been debunked by the authorities as unrealistic or misleading?
3:30 Avoiding ripple effects and creating the wrong impression among other sellers and buyers
9:54 What should potential buyers do?
12:05 Can the government divert demand away from the resale market and delay reaching a $2m mark there?
16:35 How do buyers discern if a HDB resale listing price is unrealistically high? 
Read ST's Opinion section:<a href="https://str.sg/w7sH"> https://str.sg/w7sH</a>
Read Sue-Ann Tan’s articles: <a href="https://str.sg/KpUx">https://str.sg/KpUx</a> 
Produced by: Lynda Hong (<a href="mailto:lyndahong@sph.com.sg">lyndahong@sph.com.sg</a>), Sue-Ann Tan (<a href="mailto:suetan@sph.com.sg">suetan@sph.com.sg</a>), Ernest Luis &amp; Hadyu Rahim
Edited by: Hadyu Rahim 
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
Apple Podcasts:<a href="https://str.sg/wukb"> https://str.sg/wukb</a>
Spotify:<a href="https://str.sg/w7sV"> https://str.sg/w7sV</a>
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Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

Podcaster: Lynda Hong and ST journalists

Produced and edited by: Hadyu Rahim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
Podcaster: Lynda Hong and ST journalists
Produced and edited by: Hadyu Rahim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

In Your Opinion

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.

Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media.

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.
Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media.

The Straits Times Podcasts

Are you paying too much for your resale HDB flat?

Fukushima: No deaths, coal mining kills more

Evacuation isn’t best for radiation leaks

Why SMRs work for Singapore

Nuclear energy and Nimby concerns

Nuclear waste as a social challenge

It is safer to live near a nuclear power plant than to ride a plane, says an expert. Do we have a Not In My Backyard (Nimby) syndrome?

Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

Nuclear energy: Why not? That is the response from an expert on why Singapore is exploring it. 

The radioactive release from the Fukushima meltdown in 2011 did not kill anyone, but thousands of workers at coal mines die every year, says Dr Alvin Chew, a senior fellow at the S Rajaratnam School of International Studies in NTU. 

Dr Chew’s research focuses on the usage of civilian nuclear energy. He was previously with the civil service, working on energy security and energy transition issues.

“When you compare the (nuclear sector) to airline industries, there are more airline crashes and lives being lost. But yet, people are still flying,” he adds.

Still, the horrors of nuclear disasters such as the meltdowns in Chernobyl and Fukushima appear to have scarred mankind. To go nuclear or not is a highly polarising topic in many countries. 

To gain the public’s trust on nuclear energy in Singapore, Dr Chew emphasises the importance for authorities to explain a country’s need for nuclear energy, educate the people about radiation safety, and also ensure the population is prepared for a worst-case scenario.

Most of the time, the best form of protection is to stay at home, shut the windows and wait for the authorities’ instructions, he adds. 

Singapore, like several other countries mired by the triple threat of climate change, energy security and rising electricity costs, is taking a hard look at a controversial energy source – nuclear power.

The authorities have been exploring advanced nuclear technologies, such as small modular reactors (SMRs), that are promised to be safer.

In this episode, Lynda Hong and co-host Shabana Begum find out what drives the fear of nuclear power. Will Singapore residents allow a nuclear plant to be built in their 'backyard'? 

Highlights (click/tap above):

3:32 No deaths from Fukushima meltdown itself, but more deaths from coal-mining

7:34 Evacuation is not the best protection from radiation leaks

9:36 Why small modular reactors (SMRs) are suitable for Singapore

17:00 Nuclear and the 'Nimby' syndrome

26:02 How nuclear waste becomes a social issue  

Read ST's Opinion section: https://str.sg/w7sH

Read Shabana Begum’s articles:https://str.sg/LfQG 

Hosts: Lynda Hong (lyndahong@sph.com.sg) and Shabana Begum (nshab@sph.com.sg)

Produced and edited by: Hadyu Rahim

Executive producer: Ernest Luis & Lynda Hong

Follow In Your Opinion Podcast here and get notified for new episode drops:

Channel: https://str.sg/w7Qt

Apple Podcasts: https://str.sg/wukb

Spotify: https://str.sg/w7sV

Feedback to: podcast@sph.com.sg

 ---

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All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

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---

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It is safer to live near a nuclear power plant than to ride a plane, says an expert. Do we have a Not In My Backyard (Nimby) syndrome?
Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
Nuclear energy: Why not? That is the response from an expert on why Singapore is exploring it.&nbsp;
The radioactive release from the Fukushima meltdown in 2011 did not kill anyone, but thousands of workers at coal mines die every year, says Dr Alvin Chew, a senior fellow at the S Rajaratnam School of International Studies in NTU.&nbsp;
Dr Chew&rsquo;s research focuses on the usage of civilian nuclear energy. He was previously with the civil service, working on energy security and energy transition issues.
&ldquo;When you compare the (nuclear sector) to airline industries, there are more airline crashes and lives being lost. But yet, people are still flying,&rdquo; he adds.
Still, the horrors of nuclear disasters such as the meltdowns in Chernobyl and Fukushima appear to have scarred mankind. To go nuclear or not is a highly polarising topic in many countries.&nbsp;
To gain the public&rsquo;s trust on nuclear energy in Singapore, Dr Chew emphasises the importance for authorities to explain a country&rsquo;s need for nuclear energy, educate the people about radiation safety, and also ensure the population is prepared for a worst-case scenario.
Most of the time, the best form of protection is to stay at home, shut the windows and wait for the authorities&rsquo; instructions, he adds.&nbsp;
Singapore, like several other countries mired by the triple threat of climate change, energy security and rising electricity costs, is taking a hard look at a controversial energy source &ndash; nuclear power.
The authorities have been exploring advanced nuclear technologies, such as small modular reactors (SMRs), that are promised to be safer.
In this episode, Lynda Hong and co-host Shabana Begum find out what drives the fear of nuclear power. Will Singapore residents allow a nuclear plant to be built in their 'backyard'?&nbsp;
Highlights (click/tap above):
3:32 No deaths from Fukushima meltdown itself, but more deaths from coal-mining
7:34 Evacuation is not the best protection from radiation leaks
9:36 Why small modular reactors (SMRs) are suitable for Singapore
17:00 Nuclear and the 'Nimby' syndrome
26:02 How nuclear waste becomes a social issue&nbsp;&nbsp;
Read ST's Opinion section: <a href="https://str.sg/w7sH">https://str.sg/w7sH</a>
Read Shabana Begum&rsquo;s articles:https://str.sg/LfQG&nbsp;
Hosts: Lynda Hong (lyndahong@sph.com.sg) and Shabana Begum (nshab@sph.com.sg)
Produced and edited by: Hadyu Rahim
Executive producer: Ernest Luis &amp; Lynda Hong
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel: <a href="https://str.sg/w7Qt">https://str.sg/w7Qt</a>
Apple Podcasts: <a href="https://str.sg/wukb">https://str.sg/wukb</a>
Spotify: <a href="https://str.sg/w7sV">https://str.sg/w7sV</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
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---
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#inyouropinion

 No deaths from Fukushima,  but will SG ever accept nuclear energy?

Memorable noise dispute Mr Poh helped mediate

Different forms of mediation

Difference between CMC and CDRT

Neighbour disputes still key over mediation

Simple neighbourly acts can avoid mediation

How Singapore intends to settle noise disputes more effectively.

Synopsis: Every month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

Settling noise disputes will be easier with mandatory mediation as the Community Disputes Management Framework (CDMF) is enhanced, under the Community Disputes Resolution (Amendment) Bill. 

Involved with how the framework can be enhanced is grassroots leader Raymond Poh.

In this episode, Lynda Hong and co-host Christie Chiu speak with him to hear about his 14 years of experience in dealing with noise disputes, and how mediation has been effective in resolving disputes between neighbours (with an 80 per cent success rate with voluntary mediation cases).

Mr Poh also shares how the Community Advisory Panel’s (CAP) recommendations, along with the proposed CDMF enhancements, may help neighbours better understand one another and find middle ground. 

If the dispute remains unresolved after mediation with the Community Mediation Centre (CMC), neighbours may consider approaching the Community Disputes Resolution Tribunals (CDRT) to file a claim as a last resort. This is equivalent to taking legal action against your neighbour, and parties involved are required to attempt mediation before filing a CDRT claim.

The new laws will also mean that officers under the new Community Relations Unit (CRU) have powers to investigate and take action in disputes where a neighbour severely disrupts the peace, such as cases where the neighbour deliberately makes loud noise throughout the day.

Officers can investigate, such as taking statements from neighbours, and with the resident’s consent, install noise sensors in homes to collect evidence.

The authorities also intend to allow the Housing Board to consider compulsory acquisition of flats as a deterrent and “the absolute last resort for severe, recalcitrant nuisance-making”.

This measure will be considered only when all other levers have failed, and acquisition is needed to protect the interests of other residents, the Ministry of Culture, Community and Youth and the Ministry of Law and Ministry of National Development said in a joint statement in August, adding that this will be similar to how HDB can consider compulsory acquisition of flats for those convicted of throwing killer litter under the Penal Code.

This podcast is brought to you by the Ministry of Culture, Community and Youth (MCCY): https://www.mccy.gov.sg

Highlights (click/tap above):

1:25 CCTVs, house visits and detective work - a memorable dispute that Mr Poh had mediated 

7:38 Different forms of mediation

8:17 The difference between the Community Mediation Centre (CMC) and the Community Disputes Resolution Tribunals (CDRT)

11:37 Why settling neighbour disputes amicably is still a priority over mandatory mediation

12:40 How simple 'give and take' neighbourly acts can help avoid mediation as much as possible

More on the Community Disputes Management Framework: https://go.gov.sg/cdmf-enhancements

Read ST's Opinion section: https://str.sg/w7sH

Read Christie Chiu’s articles: https://str.sg/3ESxU

Hosts: Lynda Hong (lyndahong@sph.com.sg) and Christie Chiu (christiec@sph.com.sg)

Produced and edited by: Amirul Karim

Executive producer: Ernest Luis & Lynda Hong

Follow In Your Opinion Podcast here and get notified for new episode drops:

Channel: https://str.sg/w7Qt

Apple Podcasts: https://str.sg/wukb

Spotify: https://str.sg/w7sV

Feedback to: podcast@sph.com.sg

---

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All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

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#inyouropinion

How Singapore intends to settle noise disputes more effectively.
Synopsis: Every month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
Settling noise disputes will be easier with mandatory mediation as the Community Disputes Management Framework (CDMF) is enhanced, under the Community Disputes Resolution (Amendment) Bill. 
Involved with how the framework can be enhanced is grassroots leader Raymond Poh.
In this episode, Lynda Hong and co-host Christie Chiu speak with him to hear about his 14 years of experience in dealing with noise disputes, and how mediation has been effective in resolving disputes between neighbours (with an 80 per cent success rate with voluntary mediation cases).
Mr Poh also shares how the Community Advisory Panel’s (CAP) recommendations, along with the proposed CDMF enhancements, may help neighbours better understand one another and find middle ground. 
If the dispute remains unresolved after mediation with the Community Mediation Centre (CMC), neighbours may consider approaching the Community Disputes Resolution Tribunals (CDRT) to file a claim as a last resort. This is equivalent to taking legal action against your neighbour, and parties involved are required to attempt mediation before filing a CDRT claim.
The new laws will also mean that officers under the new Community Relations Unit (CRU) have powers to investigate and take action in disputes where a neighbour severely disrupts the peace, such as cases where the neighbour deliberately makes loud noise throughout the day.
Officers can investigate, such as taking statements from neighbours, and with the resident’s consent, install noise sensors in homes to collect evidence.
The authorities also intend to allow the Housing Board to consider compulsory acquisition of flats as a deterrent and “the absolute last resort for severe, recalcitrant nuisance-making”.
This measure will be considered only when all other levers have failed, and acquisition is needed to protect the interests of other residents, the Ministry of Culture, Community and Youth and the Ministry of Law and Ministry of National Development said in a joint statement in August, adding that this will be similar to how HDB can consider compulsory acquisition of flats for those convicted of throwing killer litter under the Penal Code.
This podcast is brought to you by the Ministry of Culture, Community and Youth (MCCY): <a href="https://www.mccy.gov.sg/">https://www.mccy.gov.sg</a>
Highlights (click/tap above):
1:25 CCTVs, house visits and detective work - a memorable dispute that Mr Poh had mediated 
7:38 Different forms of mediation
8:17 The difference between the Community Mediation Centre (CMC) and the Community Disputes Resolution Tribunals (CDRT)
11:37 Why settling neighbour disputes amicably is still a priority over mandatory mediation
12:40 How simple 'give and take' neighbourly acts can help avoid mediation as much as possible
More on the Community Disputes Management Framework: <a href="https://go.gov.sg/cdmf-enhancements">https://go.gov.sg/cdmf-enhancements</a>
Read ST's Opinion section:<a href="https://str.sg/w7sH"> https://str.sg/w7sH</a>
Read Christie Chiu’s articles:<a href="https://str.sg/3ESxU"> https://str.sg/3ESxU</a>
Hosts: Lynda Hong (<a href="mailto:lyndahong@sph.com.sg">lyndahong@sph.com.sg</a>) and Christie Chiu (<a href="mailto:christiec@sph.com.sg">christiec@sph.com.sg</a>)
Produced and edited by: Amirul Karim
Executive producer: Ernest Luis &amp; Lynda Hong
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
Apple Podcasts:<a href="https://str.sg/wukb"> https://str.sg/wukb</a>
Spotify:<a href="https://str.sg/w7sV"> https://str.sg/w7sV</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
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ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
---
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---
#inyouropinion

Mandatory mediation over noise - neighbourly relations are still key

Govt reconsiders job loss support

Behind the scenes on the scheme's gestation

Safeguards in place for the scheme and why?

Are the eligibility criteria too complex?

Will the scheme help workers at higher risk?

How does the scheme reflect 4G leadership?

The SkillsFuture JobSeeker Support aims to help the retrenched tide over financially, while between jobs, after tough talks with unions, employers and the Government. 

Synopsis: Every month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

As the global economy changes more rapidly and unpredictably, workers may face more risk from job loss despite best efforts. 

Yet, going out of a job can pose a hit to household finances. In an era of rising cost of living, lower- and middle-income workers are more likely to jump on the first job offer without considering their aptitudes. 

To give these workers more time to find the ‘right’ job for them, the SkillsFuture Jobseeker Support scheme will be launched in April 2025, with financial support structured to spur an active job search without incentivising prolonged unemployment. 

The scheme, estimated to cost the Government $200 million every year, comes as a result of tough talks among employers, unions and the Government. 

In this episode, ST assistant podcast editor Lynda Hong and journalist Tay Hong Yi host Manpower minister Tan See Leng to learn how the scheme has taken shape behind the scenes.

Highlights (click/tap above):

5:38 On the Government relooking its position on financial support for those who have lost jobs

11:11 On the scheme’s gestation: What took place behind the scenes

17:51 What are the safeguards in place for the scheme and why?

21:48 Eligibility criteria: Too complex to understand for job seekers?

25:36 Will the scheme help workers at higher risk?

28:58 How does this scheme reflect the 4G leadership’s approach to policymaking?

Read ST's Opinion section: https://str.sg/w7sH

Read Tay Hong Yi’s articles:https://str.sg/dSAE

Hosts: Lynda Hong (lyndahong@sph.com.sg) and Tay Hong Yi (hytay@sph.com.sg)

Produced and edited by: Studio+65 and Hadyu Rahim

Executive producer: Ernest Luis

Follow In Your Opinion Podcast here and get notified for new episode drops:

Channel: https://str.sg/w7Qt

Apple Podcasts: https://str.sg/wukb

Spotify: https://str.sg/w7sV

Feedback to: podcast@sph.com.sg

---

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All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

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---

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#inyouropinion

The SkillsFuture JobSeeker Support aims to help the retrenched tide over financially, while between jobs, after tough talks with unions, employers and the Government. 
Synopsis: Every month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
As the global economy changes more rapidly and unpredictably, workers may face more risk from job loss despite best efforts. 
Yet, going out of a job can pose a hit to household finances. In an era of rising cost of living, lower- and middle-income workers are more likely to jump on the first job offer without considering their aptitudes. 
To give these workers more time to find the ‘right’ job for them, the SkillsFuture Jobseeker Support scheme will be launched in April 2025, with financial support structured to spur an active job search without incentivising prolonged unemployment. 
The scheme, estimated to cost the Government $200 million every year, comes as a result of tough talks among employers, unions and the Government. 
In this episode, ST assistant podcast editor Lynda Hong and journalist Tay Hong Yi host Manpower minister Tan See Leng to learn how the scheme has taken shape behind the scenes.
Highlights (click/tap above):
5:38 On the Government relooking its position on financial support for those who have lost jobs
11:11 On the scheme’s gestation: What took place behind the scenes
17:51 What are the safeguards in place for the scheme and why?
21:48 Eligibility criteria: Too complex to understand for job seekers?
25:36 Will the scheme help workers at higher risk?
28:58 How does this scheme reflect the 4G leadership’s approach to policymaking?
Read ST's Opinion section:<a href="https://str.sg/w7sH"> https://str.sg/w7sH</a>
Read Tay Hong Yi’s articles:<a href="https://str.sg/KpUx"> </a><a href="https://str.sg/dSAE">https://str.sg/dSAE</a>
Hosts: Lynda Hong (lyndahong@sph.com.sg) and Tay Hong Yi (hytay@sph.com.sg)
Produced and edited by: Studio+65 and Hadyu Rahim
Executive producer: Ernest Luis
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
Apple Podcasts:<a href="https://str.sg/wukb"> https://str.sg/wukb</a>
Spotify:<a href="https://str.sg/w7sV"> https://str.sg/w7sV</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
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All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>
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ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
---
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---
#inyouropinion

Are you paying too much for your resale HDB flat?

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