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Older flats can be 'retirement nest egg'

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Even as home values fall towards the tail-end of the lease, the Housing Board flat can still be a nest egg for retirement, wrote National Development Minister Lawrence Wong yesterday.

“They provide a good store of asset value, so long as you plan ahead and make prudent housing decisions,” he wrote.

He was addressing concerns over the 99-year lease issue that surfaced after he cautioned on his blog last month against paying high prices for older leasehold flats. The post generated debate and discussion over the dwindling value of homes as they age.

Leasehold property will hit zero value at lease expiry, and the land it is on will have to be returned to the land owner, which in HDB’s case is the state.

Mr Wong said the ageing home can still be seen as a retirement asset through monetisation options for the elderly.

He wrote: “The general point is that the HDB leasehold flat is not only a good home, but also a nest egg for future retirement needs.”

Read also: Millennials spend more money on coffee than for retirement savings: Survey

Three options are available: downsizing with the Silver Housing Bonus (SHB) scheme, selling the remaining lease back to HDB with the Lease Buyback Scheme (LBS) or subletting the home.

Through the SHB scheme, a 65-year-old couple with a four-room flat can sell it and downsize to a smaller one, receiving a cash bonus of up to $20,000.

Mr Wong said: “They can also get quite a lot of money from the sale proceeds – around $100,000 upfront in cash, plus $500 per month of additional income for their retirement (on top of what they would get through CPF Life).”

If they want to continue living in the same flat, LBS allows homeowners of four-room flats or smaller to sell back the remaining lease to HDB for a cash bonus and a stream of retirement income.

The scheme has grown in popularity since it was launched in 2009.

A total of 952 households took up the scheme from April 2015 to December last year, when the LBS was extended to include four-room flats.

This is almost as many as the 965 households who signed up for it over a six-year period from 2009 to 2015, HDB said.

“The cash amount is not as much as if they were to right-size, but that is because they can continue to stay in the same flat,” Mr Wong noted.

The owners can also rent out a room for additional income.

Read also: 4 handy tips that will help Singaporeans’ retirement planning

R’ST research director Ong Kah Seng said that while these schemes do help, more can be done to reach out to the elderly who might not know about them.

“While the response has improved significantly, generally the elderly are not thronging into applying for these options,” he said.

International Property Advisor chief executive Ku Swee Yong said owners hoping to tap on the SHB scheme must be able to sell their current flat in order to be able to downsize.

He said: “With people now becoming more wary of buying older resale flats, it won’t be easy for elderly couples to sell their old homes in future.”

This article by The Straits Times was published in The New Paper, a free newspaper published by Singapore Press Holdings.

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Thursday, April 13, 2017 – 09:19
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Fairprice: 20% OFF homeware, household, car care & many more from 13 – 19 Apr 2017

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Singapore Cancer Society rubbishes fake flyer offering breast cancer health checks in Yishun

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SINGAPORE – The Singapore Cancer Society (SCS) has lodged a police report over a flyer, which allegedly offers health checks to women, said to be circulating in Yishun.

SCS chief executive officer Albert Ching, in a statement to The Straits Times, said the flyer “is in no way related to the cancer screening services” the society offers.

An image of the flyer was uploaded on the Facebook page of alternative news site All Singapore Stuff on Tuesday (April 12) afternoon.

The flyer, which contained a SCS logo, stated that health checks on women at risk of breast cancer would be conducted at various locations in the Yishun estate on three different days.

It also said that women undergoing check-ups would have to be naked, and that check-up fees ranged from $50 to $100.

Mr Ching said SCS had lodged a report with the police on Tuesday.

“SCS offers free pap smear screening (to detect cervical cancer) and mammogram (to detect breast cancer) to eligible women (by appointment) only at our SCS Cancer Screening clinic located at the Bishan Junction 8 Office Tower,” he added.

“Besides the SCS Cancer Screening Clinic, SCS partners selected licensed General Practitioner clinics island-wide to offer pap smears at no cost during campaign period, for example, the annual SCS Women’s Gynaecological Cancer Awareness campaign from May to July 2017.”


This article was first published on Apr 12, 2017.
Get a copy of The Straits Times or go to straitstimes.com for more stories.

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Your phone number is all a hacker needs to track you, steal your info

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SINGAPORE: The host of Talking Point Steven Chia was engrossed in conversation with a friend at a food court, oblivious to the fact that someone else was watching and listening in – via his own mobile phone on the table.

The hacker, who was able to manipulate the phone’s camera and other functions remotely, was able to pinpoint where Mr Chia’s lunch location was, and even read the contents of an SMS message that he had just typed out.

“Whatever you were doing, we had knowledge about it,” Mr Wong Wai Tuck told Mr Chia later. “While you were having lunch at Food Republic, we took a few pictures and a video. We also found out what you were talking about.”

Fortunately for the Mediacorp host, the ones who broke into his mobile phone were ethical hackers from the Whitehat Society at the Singapore Management University. The exercise was part of an experiment to show how hackers could easily compromise a mobile phone, starting with just the knowledge of its owner’s number.

WATCH: More on how your phone can be hacked (2:08)

In an era of hyper-connectivity, one in three Singaporeans do not have anti-virus software on their handphones, according to a survey by the Cybersecurity Agency of Singapore (CSA). Some reasons cited were that they didn’t know the software exists, or that they simply did not see the need for mobile security.

This issue of how Singaporeans are not doing enough to protect themselves from cyber threats like ransomware and phishing attacks was discussed on a recent episode of Talking Point, a current affairs show on Mediacorp Channel 5.

BEWARE PUBLIC WI-FI DANGER

For example, connecting to a free Wi-Fi network in public places can be risky, as you may be open to a man-in-the-middle attack.

This is where a hacker uses his phone’s own hotspot to pose as a free Wi-Fi network, and when you connect to it, it gives him access to your phone, personal files and credit card details.

The CSA survey found that more than six in 10 respondents connect to such Wi-Fi networks in public places, whether or not they are familiar with them. And, worryingly, a third of them make online purchases and conduct financial transactions on these networks.

This means hackers could potentially access your sensitive information and sell them on the Dark Web, a hard-to-access part of the Internet often used for illegal activities.  

Tom, a Dark Web operator who declined to give his real name for security reasons, said that a hacker can buy your stolen data and slowly build a profile around you, gathering your personal information, where you work and the credit cards that you own.

“After that I can initiate a lot of attacks. For example, I can call your bank and say that I lost my credit card. I can impersonate you and do bank transactions on your behalf,” he said. 

CSA spokesman Richard Koh, who is also the chief technology officer of Microsoft Singapore, warned that “there is a huge urgency for us as a nation to learn more about what the threats look like and how to protect ourselves”.

Some measures include using strong passwords – a combination of characters, numbers and symbols – and religiously updating the operating system of devices.

Watch this episode of Talking Point here on Toggle

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You can now use AR in National Museum and it's not to catch Pokemons

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For those who regard museum visits as boring – think again. It’s now possible to “play games” at the National Museum of Singapore using a virtual and augmented reality app.

That’s right, just like playing Pokemon Go. And it is done with the museum’s new Tango-enabled Architectural Tour, which transports visitors back in time and brings them on a journey of how the museum evolved over time.

Tango, a technology platform created by Google, is a set of sensors and computer vision software that enables smartphone augmented reality (AR).

The National Museum of Singapore is among the first museums in the world to adopt this location-based technology, said the museum today.

Using indoor mapping, virtual reality and AR technology, visitors will be able to explore how the building has evolved over the past 130 years on top of viewing previously displayed artefacts – such as the famous Revere Bell that former US President Barack Obama mentioned during his toast remarks to Prime Minister Lee Hsien Loong at the 2016 White House State Dinner in Washington DC.

There are currently six points of interest during the tour, including the opportunity to have an AR view of the museum’s iconic Indian Fin Whale skeleton.

The 42-feet-long skeleton occupied the exact same space in 1907 and was returned to Malaysia in the 1970s, said the museum.

Registration is free but on a first come, first served basis – so if this tour is right up your alley, you might want to book yourself a slot soon.

A gentle reminder: Catching Pokemons is not part of this tour despite the use of AR.

The Tango-enabled Architectural Tours will run from April 22, 2017. For more information, visit www.nationalmuseum.sg.

ssandrea@sph.com.sg

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Wednesday, April 12, 2017 – 20:06
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Help for terminally ill children and their parents at Assisi Hospice's new paediatric ward

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SINGAPORE: Kelly Ho was once an active, talkative girl, but at the age of 13, a rare terminal illness confined her to a wheelchair and robbed her of her ability to talk and live normally.

Kelly was diagnosed with Gaucher disease, an illness marked by an abnormal build-up of fatty substances in the organs. It affected her brain and she is now completely dependent on help, unable to control the movement of her limbs. 

Watching the deterioration of her daughter, now 17 years old, has been the most difficult thing for Madam Sally Lim. For the past four years, the 57-year-old single mother has been by Kelly’s side day and night, doubling up as nurse and physiotherapist; her energies devoted to taking care of her only daughter. The tenderness Madam Lim shows in stroking Kelly’s hair and peppering her cheek with kisses belies the struggles she has had to go through. 

“I lost my independence and have had to deal with many unpredictable situations. I am quite frustrated sometimes and it can leave me in a bad mood. It makes me sad to see her in such a state,” she told Channel NewsAsia.

Madam Lim left her job as a waitress in a restaurant to take care of Kelly. “I wanted to the one that is by her side. I’ve been by her side since she was young, so I didn’t want her to think that because of her illness, I’ve abandoned her.”

When Kelly is at home, Madam Lim has to assist her in the toilet and ensure that she frequently dispels her phlegm, which accumulates due to a weak cough reflux. “I need to note it down if she has phlegm and look at her general well-being. These nitty gritty things can get frustrating, especially when I have to do them routinely,” she said. 

HELP, TREATMENT AND SUPPORT

Help for Madam Lim came last month, when Kelly was admitted to Assisi Hospice, where Singapore’s first paediatric palliative ward was officially opened on Wednesday (Apr 12).

The facility offers specialised treatment for children with terminal illnesses, with medical staff on hand with a range of expertise, including helping to improve patients’ overall quality of life. Admitting children to the ward will also offer respite to their parents, who may struggle to cope physically and emotionally with their very sick sons or daughters.

Madam Lim said she has seen Kelly’s condition improve in just a few weeks. “She’s more responsive and cooperative. I can see from her expressions. She is happier, she laughs more. That makes me happy.” 

Life is different now. “Here, I get help, and she gets to play with others. She also gets to listen to music – these are all things that she loves. She’s very well taken care of, they are very meticulous.” 

Instead of helping Kelly with her medical needs, Madam Lim can now spend time just holding her daughter’s hand, or stroking her hair. 

In fact, she is so reassured by the quality of care that Kelly is getting that she felt able to take a short holiday for the first time in years.  

PILOT DEMENTIA AND PAEDIATRIC CARE PROGRAMMES 

While paediatric wards in hospitals focus on the treatment of conditions, Assisi Hospice will fill a gap for those with terminal conditions who require treatment, care and support.

Assisi Hospice’s head of medical services, Dr Shirlynn Ho said: “Parents want to take their children home, but when families cannot manage, either because of the care environment, or the number of caregivers, this is an alternative, which has not been there before.” There are five beds in the paediatric palliative care ward.  

She added that the hospice provides spaces where siblings and families can spend time with patients and allows them to visit at any time. This is unlike the approach in hospitals, which have some restrictions and more of a focus on treatment. 

Nurses at the paediatric palliative care ward pay personalised attention to patients, finding out what works for them and working accordingly. Kelly, currently the only patient on the ward, enjoys music and so staff make sure something is always playing. 

Non-profit philanthropic organisation Temasek Foundation Cares, which established the new care models with Assisi Hospice, is offering financial support to the paediatric programme as well as a ward for dementia patients. Its chairman, Mr Richard Magnus, said: “We are taking the lead to pilot new models of end-of-life support care for both the young and old in situations where medical intervention has reached its limitation.” 

GOVERNMENT SUPPORT FOR PALLIATIVE CARE

The paediatric programme will be piloted for three years, while the dementia programme will be piloted for two years. 

Under the dementia programme, patients with advanced dementia will receive specialised care to manage their unique symptoms, for instance, better control and management of pain or discomfort. Caregivers will also receive support.  

Chief executive of Assisi Hospice Choo Shiu Ling said: “Advanced dementia and life-threatening conditions impact patients and their caregivers more significantly as they not only deal with disease symptoms, but also the loss of personhood, life aspirations of the patient and cherished interactions with the family.” 

Chairman of Temask Foundation Cares Richard Magnus (left) and Senior Minister of State of Health Dr Amy Khor (centre) visiting patients in the new dementia ward at Assisi Hospice. Among activities aimed at improving their condition is a sing-along session. (Photo: Jalelah Abu Baker)

To date, the dementia ward has had 24 patients. One caregiver who has benefitted is Mr Kwan Thim Kit. He has been caring for his mother, Madam Chan Lim Seng, 92, for seven years. He said: “The music therapy kept my mother active and mentally engaged, and in another therapy session when she made cookies, she was reminded of her cooking skills,” he said. He added that with professional inpatient services to take care of her medical and psycho-social needs, he is able to enjoy some personal time and spend more quality time with his mother. 

Speaking at the opening of the new wards, Senior Minister of State for Health Amy Khor, said that palliative care is becoming increasingly important, particularly due to an ageing population, so the Government has been ramping up efforts to improve affordability, accessibility and quality of such care. 

She said she is heartened that Assisi Hospice is introducing new care care models, to serve a wider group of patients, she said. 

“It will help us better understand and develop knowledge on care for these kind of patients. We look forward to more innovative care models and more partners coming forward to develop the palliative care sector,” Dr Khor said. 

Meanwhile, Madam Lim is now daring to dream of new possibilities. She hopes for Kelly to be able to do the things she loves again, although there is no known cure for her disease. “I hope she can pursue her interests. I will support her.”   

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Woman arrested after alleged scam strands thousands of Thais at airport

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AsiaOne update: Pisit Arinchayapit was arrested in Ranong this afternoon (April 12) reportedly while waiting to cross the border to Myanmar, according to Matichon news site. She is being taken to Bangkok for questioning.

Bangkok – Immigration police have detained the mother and relatives of a suspect who allegedly cheated thousands of people with the promise of cheap trip to Japan during the Songkran Festival, a source said on Wednesday.

Pisit Arinchayapit’s mother and four other relatives, all of whom were unidentified, were apprehended at a department store in the southern province of Ranong on Wednesday.

Pisit, who is nicknamed “Shogun”, is wanted for allegedly running a scam luring people to pay about Bt10,000 to her company; Wealth Ever for a bogus trip to Japan during the Songkran holiday. The price of the nonexistent tour is considerably lower than that of other companies.

However, when customers showed up at Suvarnabhumi Airport on Tuesday, they were told by airlines that chartered flights had not been booked for the trip. No one from the company came to the airport, leaving thousands of tourists stranded.

The Tourism Ministry and police have provided assistance to the victims.

Pisit’s firm is reportedly registered as selling dietary supplements. Tourism Minister Kobkarn Wattanawarangkul said she could face legal action for operating a tourism business without a permit, which carries penalties of two years in jail, a fine of not more than Bt50,000 or both.

Read also: Thousands stranded at airport after travel agent fails to turn up

 

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Wednesday, April 12, 2017 – 18:17
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