19th Dec 2008 Letter in response to Straits Times Article from Chipbee resident

Dear Ms Wong

First off, many thanks for highlighting the issues we are facing here in
Holland Village.

I would like to amplify your excellent article by highlighting a few
points that will further demonstrate the deep sense of frustration we
feel towards our landlord. We believe that JTC, as primarily a
commercial landlord, have little sense of managing residential
properties, particularly a unique environment like Chip Bee, where long
term residents have contribute significantly to its charm. They need to
appreciate that they have a coprorate responsibility to their residents
and this does not simply equate to maximizing rental increases from us.

1/ The article correctly identifies that the URA statistics show an
island-wide increase of 60% in rental. This proven statistic challenges
JTC to defend and justify its decision to request the 80-100% rental
increases from tenants. I have recently renewed my tenancy and offered a
65% increase. This was turned down and I renewed at a 90% increase.

2/ You may want to know that most of us have spent several thousands of
dollars improving what are very basic (and empty) houses. The look and
feel of the complex is a direct result of our investments in these
properties and in our community.

3/ With a clear downward trend in rental rates identified by URA from Q3
2008, perhaps you may want to ask why JTC is still insisting on these
penal rental increases.

You may feel free to use this letter as required.

With best wishes for the festive season
Vikram Aggarwal