Archive for September, 2007
In 2003, it was awarded “CONSERVATION” status as these buildings have historical significance in Singapore’s history.
At the moment, the lease remaining is about 59 years and many buyers, particularly the younger ones, are affected by the CPF withdrawal limits. These rules were implemented by the Government to ensure that her citizens are able to live in the property till they are 80 years old.
The intention of our Government is primarily GOOD but these 2 events may have created a unintended barrier that prevents the place from achieving its true value.
While I am pro-conservation, I also recognized that the “Conservation Status” has effectively cut off the resident’s hope of obtaining a windfall through a collective sale exercise. There is no way they can get a developer to “reset” the lease to 99 years through a redevelopment proposal as the “conservation status” prevents that option.
So while other aging leasehold properties could negate the dwindling remaining lease through redevelopment, this place offers no such hope at the moment.
Maybe this could be the reason why many buildings that were built in the 70s are fast disappearing. The obvious and easiest way out to protect the owner’s assets is to tear it down and give it a new lease of life….not to mention a handsome profit as well. Not many will be so noble to let the lease run down and see their hard earn savings go down the drain.
Let’s explore the various possible scenarios that this place may have for the flat owners
Scenario One: No TOP UP lease
Nothing happens. Life goes on as normal. The Government is not obliged to top up the lease for these flat owners. All investment carries risk and all owners knew about the rules and regulation prior to purchasing these flats. They can still live in the flat for another 50 over years before the Government takes it back.
Scenario Two: The lease gets topped up
The lease gets topped up to 99 years again but residents are required to pay “market” rate to top up the lease. For those who are not gainfully employed or retired, the Government may allow them pay when they sell the property. They will be charged “interest” on that original “top up lease” amount.
With the lease topped up, the entire place will certainly experience a surge in prices as the buyer’s market widen and many more yuppies could afford to buy into this area.
However, this scenario has its problem as well. If the entire Singapore property market heads south after the “top up” exercise, “Negative equity” owners may have problem coming up with the “top up” money plus interest. But I am confident that our Government will be able a produce a good solution for everyone here.
Another factor to consider is that our Government CANNOT and WILL NOT be reckless in allowing the place to be topped up to 99 years without doing a thorough audit on the buildings. They must be very sure that these buildings can stand for another 100 years before allowing the topped up exercise.
The challenge here is to get all owners to co-operate and put up with the inconvenience of the building audit. After the audit, the rectification and repair exercise will definitely follow right after that. This is the part which will ruffle many feathers here as those with unauthorized renovations within their flat will probably be the most uncooperative ones.
But I guess this will be the bitter pill the residents here have to swallow before they get to enjoy the FRUIT.
Whatever the outcome may be, my sincere hope is for this place to prosper continuously and Tiong Bahru Estate can become yet another showcase to prove that “conservation” status does not always means being “shortchanged”.
At 25, enterprising Eu Chin was established as a commission agent in Circular Road, dealing in native produce.
Sep 14, 2007
PEOPLE & POLITICS
CAIRNHILL LANDMARK: Mr Victor Chew designed the 17-storey Hilltops Apartments in Cairnhill such that no unit looked into another. — ST PHOTO: LAU FOOK KONG
SINGAPORE’S FIRST CONDO: Among Dr Timothy Seow’s favourite works was Beverly Mai condominium, the first to have shared facilities. — ST FILE PHOTO
It is a part of history that architect Timothy Seow calls a ‘Singapore built by Singaporeans’.
He says: ‘Before independence, you had colonial buildings designed and built by the British architects. The formative post-colonial years of the 1960s ushered in an era where a majority of projects were designed by home-bred architects.
‘Following which…there was an influx of foreign architects into the local scene, with the local architects playing the secondary roles.’
It is a view shared by the younger generation of architects.
Says architectural designer Eugene Lim, 28: ‘Of late, you definitely see more foreign architects at the concept stage, with the local ones doing the implementation.
‘I’d like to see local guys given more credit than they are getting.’
Says Dr Seow: ‘It was a short period (when local architects’ work dominated) and it would be a pity if the projects from the 1960s were wiped out. But in a few years, it will be all gone.’
Dr Seow, managing director of CPG-Timothy Seow Studio, is possibly one of the hardest hit, since much of his early work was in condominiums.
Horizon View, Futura, Beverly Mai, Westwood, Maxima, Belle Vue and Oxley Rise are all his projects, and all are either sold or in talks for sale.
Until the sale fell through on a technicality recently, Horizon Towers in Leonie Hill was also on that list.
Of the lot, Beverly Mai ranks among Dr Seow’s favourites. For one, it is widely credited as being the first condominium in Singapore.
It was the first to have shared facilities, first with maisonettes, and the first to have units with no party walls (walls shared by two units).
Ironically, it was also one of the first to be sold.
STILL UP: Mr William Lim’s jewel in the crown, Golden Mile Complex, is still standing, though some owners have lobbied for a collective sale. — ST FILE PHOTO
Architect William Lim, 75, says he has lost count of the number of buildings he designed that have been destroyed.
Unlike the other two men though, his jewel in the crown, Golden Mile Complex in Bras Basah, is still standing.
For now, that is.
Some owners of the mixed development have lobbied for a collective sale, though it is far from a done deal.
The long- time opponent of Singapore’s urban renewal strategy feels Singapore is now at a critical juncture if it is to rescue any of the country’s architectural heritage or, for that matter, its memories.
‘With the aggressive collective sales, Singapore will soon lose most of its post-war buildings. This is our last chance to do anything about it,’ he says.
The Government also appears concerned with the en bloc wave, though perhaps not for the same reasons that upset the architects to whom Insight spoke.
Last month, a raft of changes were introduced in Parliament to legislation that governs collective sales.
They would give home owners more say and make the entire process more transparent.
Real estate analysts also expect the rule changes – when they kick in – to slow down the boom.
As it is, the collective sales market has been pushing on full tilt. According to figures compiled by Credo Real Estate, there were a total of 62 collective sales worth about $11.86 billion in the first seven months of this year.
That works out to an average of nine buildings slated for demolition a month, or more than one a week.
An architect like Mr Chew would, in his lifetime, work on around 30 buildings, most of which are private houses.
‘Take away about a dozen or so houses and in the end I think only four or five have any real significance,’ he says.
At its peak, the en bloc wave could theoretically wipe out the life’s work of two Victor Chews a month.
‘The way things are going now is pure madness,’ he says.
‘I don’t think people understand what they are doing. They see the big money and they sell but they don’t know what they are losing.
‘In Hilltops, no unit looked into another. Now they are going to build twice the number of units.
Are people going to get the same thing even if they bought a unit back there?’
Whether the legislation changes will be enough remains to be seen.
Mr William Lim says that the system currently is weighed unfairly in favour of those who want to redevelop a site and home owners who want to sell.
And what has to make way is collective memories.
‘The Red House Bakery in Katong, the National Theatre – these may not be fantastic examples of architecture but they said something to the people,’ he says.
‘But there is no respect for the memories of the invisible public. We even destroy cemeteries. If you ask me, a cemetery is more important than Golden Mile.’
The recent proposed changes to en bloc legislation may make it harder for deals to go through, but the veteran architects are calling for a more formalised structure for conservation.
Says Mr Chew: ‘Right now we seem to be interested in only gazetting buildings built before independence. But that’s not us.
‘It’s like Australia preserving only buildings by the Aborigines.’
What he would like to see is each building being examined to determine its value.
‘And I cannot accept something like Chijmes as a conservation project. You must understand what the building meant to the people before. It’s like turning the old Supreme Court into a food court.’
Mr William Lim would like to see the Preservation of Monuments Board and Singapore Heritage Society play larger roles.
‘I know they have lists of buildings worth preserving. They could make these lists public and maybe the Government can pass a law to say that these buildings should be exempt from collective sale,’ he says.
Dr Seow, in turn, would like the opportunity to upgrade his buildings.
‘Honestly, a lot of my buildings are now 30 to 40 years old. These buildings have set a trend for the present-day condominiums in Singapore…These are well-designed buildings which, if given a chance to be upgraded, would still be able to take on a new look that is relevant to the times.’
Yet for all their impassioned pleas to save buildings, there seems in each one of the three architects a palpable sense of resignation.
‘When someone dear dies, one invariably feels sad but one still has to get on with life. Living in this current climate, one has no choice,’Dr Seow says.
Mr Chew adds: ‘Time marches on and something must give way. What can you do?
‘For creative people, you want to create something timeless. Authors want to be Shakespeare.
But can you be Shakespeare in Singapore?
‘I’m retired now and my legacy is in rubble.’