These couples are now allowed to rent a vacated flat, at about 40 per cent cheaper than the market rate, in locations like Ang Mo Kio, Boon Lay, Bedok and Dover. But they must produce their marriage certificate within three click here! months of moving in. Some, like software engineer Kelvin Chen, 27, said the move is a boon. He now stays with his parents and sister in a five-roomer in Choa Chu Kang. He is getting married next year and is waiting for a four-room flat in the same town to be completed in 2017. “Once we get married and my wife moves in, it might get a little congested in the mornings, especially the bathrooms and kitchen,” he said.
For the original version including any supplementary images or video, visit http://business.asiaone.com/news/couples-welcome-cheaper-temp-rental-flat-option
West End residents take on Vancouver city council over rental rules
In addition, the city approved six projects in 2012 that will lead to the construction of 1,011 units of secured market rental housing in lieu of paying CACs, the report states. At the end of 2012, there was $8 million in unallocated CAC funds and $139.1 million in DCL funds. The reason some funds remain unallocated is that it takes the city a while to spend the money thatas coming in, said Brian Jackson, the City of Vancouveras general manager of planning. aThe large infrastructure upgrades that we do take many years to spend the money.
For the original version including any supplementary images or video, visit http://www.vancouversun.com/business/West+residents+take+Vancouver+city+council+over+rental+rules/8940789/story.html