Freedom of expression finds voices at literature festival

JAIPUR: To the Kashmiri, the British, the Scot and the Indian, freedom of speech and expression mean different things. Yet, on Saturday, their contexts coalesced at the Jaipur Literature Festival, where the debate circled around the ways in which governments and private interests reacted to free expression, especially on the World Wide Web. In a well-debated session panelists and the audience also agreed there was a need to rewrite many existing laws.

Author Basharat Peer spoke about the insidious ways in which censorship works in Kashmir; from the sound of tapped phones and policemen in civilian clothes keeping tabs on press conferences to government, systematically, cutting off the economic lifeline of an information dissemination agency by stopping government advertisements. "Last year, for instance, the government jailed an author for downloading a Pakistani paper. It was a conscious attempt to create a threat perception; a censor of sorts," he said.

Journalist Shoma Chaudhary agreed, adding that freedom of expression was in "serious jeopardy" in India. Calling herself an "Absolutist" Chaudhary defended the right to offend sensibilities, adding there was an urgent need to ensure absolute freedom of expression in art. "If you disagree with the songs Yo Yo Honey Singh sings, the answer is not to ban him. Instead, don't allow him the commercial success he has today. Don't endorse the product, but allow every artist to express themselves the way they want to."

Having examined the history and culture of censorship in Russia, Orlando Figes, the British historian of Russia, said free expression was also in danger, especially under authoritarian governments. Referring to Russia, Figes quoted a government research in 2010 that suggested that the Russians were happy with the quasi-government bodies controlling the process of information dissemination. "In my opinion, free expression is only relevant when it is combined with the right to protest and indulge in activism."

The perils of censorship, Scottish environmental activist John Burnside said, are not limited to some parts of the world alone. Speaking of Britain and Scotland, Burnside talked of private vested interests that ran governments in less visible ways. "Typically, when you begin investigating certain companies, they send out specious legal threats in an attempt to threaten you into silence. In a more overt manner, all the data on my laptop was melted after it was hacked." In less obvious and more insidious way, Burnside also spoke about how libraries were controlled. He said: "What books are available and the ones that are left out also make a significant study in censorship."

With the audience entering the debate demanding self-regulation and an end to anonymity on the Internet, Chaudhary said there was a need to throw open to debate Article 19 (2) of the Indian Constitution, which imposes "reasonable restrictions" on the freedom of speech and expression.

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CDC: Flu seems to level off except in the West


New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.


The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.


Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.


There is still vaccine available although it may be hard to find. The CDC has a website that can help.


___


CDC: http://www.cdc.gov/flu/


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Newtown Families March for Gun Control in DC


Jan 26, 2013 4:59pm







gty gun control march washington jt 130126 wblog Newtown Victims Families Join Gun Control Activists on DC March

(YURI GRIPAS/AFP/Getty Images)


WASHINGTON, D.C. — Near-freezing temperatures didn’t stop several thousand gun-control activists from bearing their pickets today, carrying signs emblazoned with “Ban Assault Weapons Now” and the names of gun violence victims in a demonstration organized as a response to the mass shooting in Newtown, Conn. last month.


Walking in silence, the demonstrators trudged between Capitol Hill and the Washington Monument over a thin layer of melting snow. They were joined by politicians and some families of the Newtown victims.


March organizer Shannon Watts said the event was for the “families who lost the lights of their lives in Newtown, daughters and sons, wives and mothers, grandchildren, sisters and brothers gone in an unfathomable instant.”


“Let’s stand together and use our voices, use our votes to let legislators know that we won’t stand down until they enact common sense gun control laws that will keep our children out of the line of fire,” she told demonstrators.


Watts founded One Million Moms for Gun Control after the killing of 20 first graders and six adults at the Sandy Hook Elementary School in Newtown in December. In a profile with the New York Times, Watts said her 12-year-old son had suffered panic attacks after learning of last summer’s Aurora, Colo., theater shooting, leaving her at an impasse over how to talk to him about the latest tragedy.


Also among the speakers was a survivor of the 2007 Virginia Tech massacre, Collin Goddard.


“We need to challenge any politician who thinks it’s easier to ask an elementary school teacher to stand up to a gunman with an AR-15 than it is to ask them to stand up to a gun lobbyist with a checkbook,” he said.


The demonstration comes amid a push by progressive lawmakers to enact stricter gun control measures as a response to the trend of recent mass killings, although any hypothetical bill would likely face strong opposition in Congress.


Rep. Chris Van Hollen, D-Md., was among the demonstrators today.


“The idea that people need high-capacity magazines that can fire 30, 50, 100 rounds has no place in a civilized society,” he said. “Between the time we’re gathered here right now and this time of day tomorrow, across America, 282 Americans will have been shot.”


The congressman was quoting statistics compiled by the Brady Campaign to Stop Gun Violence.


INFOGRAPHIC: Guns by the Numbers


Last week President Obama proposed a sweeping overhaul of federal measures regulating gun ownership, including a universal background check system for sales, banning assault weapons,  and curbing the amount of ammunition available in weapon clips.


An ABC News/Washington Post poll released Thursday found 53 percent of Americans viewed Obama’s gun control plan favorably, 41 percent unfavorably. The division was visible today, as a handful of gun-rights advocates also turned out on the National Mall to protest what they believe would be infringements on their Second Amendment liberties.


ABC’s Joanne Fuchs contributed to this report.



SHOWS: Good Morning America World News







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North Korea threatens war with South over U.N. sanctions


SEOUL (Reuters) - North Korea threatened to attack rival South Korea if Seoul joined a new round of tightened U.N. sanctions, as Washington unveiled more of its own economic restrictions following Pyongyang's rocket launch last month.


In a third straight day of fiery rhetoric, the North directed its verbal onslaught at its neighbor on Friday, saying: "'Sanctions' mean a war and a declaration of war against us."


The reclusive North this week declared a boycott of all dialogue aimed at ending its nuclear program and vowed to conduct more rocket and nuclear tests after the U.N. Security Council censured it for a December long-range missile launch.


"If the puppet group of traitors takes a direct part in the U.N. 'sanctions,' the DPRK will take strong physical counter-measures against it," the North's Committee for the Peaceful Reunification of Korea said, referring to the South.


The committee is the North's front for dealings with the South. The North's official name is the Democratic People's Republic of Korea (DPRK).


Speaking in Beijing, U.S. Special Representative for North Korea Policy Glyn Davies said he found North Korea's rhetoric "troubling and counterproductive," and that he and his Chinese counterparts had agreed a new nuclear test would be harmful.


"We will judge North Korea by its actions, not its words. These types of inflammatory statements by North Korea do nothing to contribute to peace and stability on the peninsula," he said.


"What North Korea has done through its actions, in particular through the launch on December 12 of a rocket in contravention of Security Council resolutions, is they have made it that much more difficult to contemplate getting back to a diplomatic process."


In Washington, State Department spokeswoman Victoria Nuland urged North Korea's young leader Kim Jong-un to choose a different path, rather than "continue to waste what little money the country has on missile technologies and things while his people go hungry."


The U.N. Security Council unanimously condemned North Korea's December rocket launch on Tuesday and expanded existing U.N. sanctions.


On Thursday, the United States slapped economic sanctions on two North Korean bank officials and a Hong Kong trading company that it accused of supporting Pyongyang's proliferation of weapons of mass destruction.


The company, Leader (Hong Kong) International Trading Ltd, was separately blacklisted by the United Nations on Wednesday.


Seoul has said it will look at whether there are any further sanctions that it can implement alongside the United States, but said the focus for now is to follow Security Council resolutions.


The resolution said the council "deplores the violations" by North Korea of its previous resolutions, which banned Pyongyang from conducting further ballistic missile and nuclear tests and from importing materials and technology for those programs. It does not impose new sanctions on Pyongyang.


The United States had wanted to punish North Korea for the rocket launch with a Security Council resolution that imposed entirely new sanctions against Pyongyang, but Beijing rejected that option. China agreed to U.N. sanctions against Pyongyang after North Korea's 2006 and 2009 nuclear tests.


Nuland declined to speculate whether the United States thinks the U.N. steps would change North Korea's behavior.


"What's been important to us is strong unity among the six-party talks countries; strong unity in the region about a positive course forward; and the fact that there will be consequences if they keep making bad choices," she said.


Long-dormant six-nation talks brought together the United States, China, Russia, Japan and the two Koreas in negotiations to try to induce Pyongyang to abandon its nuclear arms quest in exchange for economic aid and diplomatic normalization.


NUCLEAR TEST WORRY


North Korea's rhetoric this week amounted to some of the angriest outbursts against the outside world coming under the leadership of Kim Jong-un, who took over after the death of his father Kim Jong-il in late 2011.


On Thursday, the North said it would carry out further rocket launches and a nuclear test, directing its ire at the United States, a country it called its "sworn enemy".


U.S. Defense Secretary Leon Panetta said the comments were worrying.


"We are very concerned with North Korea's continuing provocative behavior," he said at a Pentagon news conference.


"We are fully prepared ... to deal with any kind of provocation from the North Koreans. But I hope in the end that they determine that it is better to make a choice to become part of the international family."


North Korea is not believed to have the technology to deliver a nuclear warhead capable of hitting the continental United States, although its December launch showed it had the capacity to deliver a rocket that could travel 10,000 km (6,200 miles), potentially putting San Francisco in range, according to an intelligence assessment by South Korea.


South Korea and others who have been closely observing activities at the North's known nuclear test grounds believe Pyongyang is technically ready to go ahead with its third atomic test and awaiting the political decision of its leader.


The North's committee also declared on Friday that a landmark agreement it signed with the South in 1992 on eliminating nuclear weapons from the Korean peninsula was invalid, repeating its long-standing accusation that Seoul was colluding with Washington.


The foreign ministry of China, the North's sole remaining major diplomatic and economic benefactor, repeated its call for calm on the Korean peninsula at its daily briefing earlier on Friday.


"The current situation on the Korea peninsula is complicated and sensitive," spokesman Hong Lei said.


"We hope all relevant parties can see the big picture, maintain calm and restraint, further maintain contact and dialogue, and improve relations, while not taking actions to further complicate and escalate the situation," Hong said.


But unusually prickly comments in Chinese state media on Friday hinted at Beijing's exasperation.


"It seems that North Korea does not appreciate China's efforts," said the Global Times in an editorial, a sister publication of the official People's Daily.


"Just let North Korea be 'angry' ... China hopes for a stable peninsula, but it's not the end of the world if there's trouble there. This should be the baseline of China's position."


(Additional reporting by Michael Martina, Sui-Lee Wee and Ben Blanchard in BEIJING and Arshad Mohammed and Paul Eckert in WASHINGTON; Editing by Jonathan Standing, Myra MacDonald and Jackie Frank)



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Apple co-founder says Steve Jobs film inaccurate






LOS ANGELES: Apple co-founder Steve Wozniak said on Friday that a new film about the late Steve Jobs is factually "wrong," while the movie's makers countered it is meant as entertainment -- not a literal retelling of the computer pioneer's life.

Wozniak said the movie "jOBS -- which premiers Friday at the Sundance Film Festival -- erred in its depiction of the characters as well as the relationships between them -- especially the one between him and Jobs.

"We never had such interaction and roles," Wozniak, who quit Apple in 1987 after 12 years, told the tech blog Gizmodo.

"I'm not even sure what it's getting at," he said, adding that the "personalities are very wrong -- although mine is closer."

"The ideas of computers affecting society did not come from Jobs. They inspired me and were widely spoken at the Homebrew Computer Club," he said, referring to a hobby group to which they belonged.

The film, one of two about the iconic Apple founder who died in 2011, is due for release in the United States in April.

"Steve came back from Oregon and came to a club meeting and didn't start talking about this great social impact," said Wozniak, referring to the period in the 1970s before Silicon Valley took off.

"His idea was to make a $20 PC board and sell it for $40 to help people at the club build the computer I'd given away. Steve came from selling surplus parts at HalTed -- he always saw a way to make a quick buck off my designs," said the famously geek-casual-looking Wozniak.

"The lofty talk came much further down the line... I never looked like a professional. We were both kids," he said.

The film's producers responded to Wozniak's comments in a statement cited by Entertainment Weekly.

"The film is not a documentary, nor is it meant to be a blow-by-blow, word-for-word account of all conversations and events," it said.

"The filmmakers have tremendous admiration and respect for Wozniak and all those that are portrayed in the film, and did extensive research in an effort to make an entertaining accurate film that captures the essence and story of Steve Jobs and those that built Apple with him," the statement said.

But the filmmakers acknowledged "that not every single thing in the film is a precise representation of what took place."

The movie "is feature film entertainment about one of the most important, creative and impactful people," their statement added.

Wozniak, who made his criticism after seeing just one short movie clip, conceded that inaccuracies did not necessarily mean the film was bad.

"The movie should be very popular and I hope it's entertaining. It may be very correct, as well. This is only one clip," he said.

"But you'll see the direction they are slanting the movie in, just by the dialogue style of this script," he said.

He added: "Our relationship was so different than what was portrayed. I'm embarrassed. but if the movie is fun and entertaining, all the better. Anyone who reads my book 'iWoz' can get a clearer picture."

- AFP/fa



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Bihar 'imports' babus as IAS shortfall hits work

PATNA: Bihar's IAS cadre strength is 326, but only 198 IAS officials are there in the state of over 100 million people as 95 posts are vacant while 30 officials are on central deputation and three on interstate deputation. To overcome the crisis, the state government through ads a few years ago invited officials of other cadres to work in Bihar. Quite a few came, and some of these "outsiders" ended up causing huge embarrassment to the "sushasan" that has of late earned global appreciation for Bihar.

The story of "imported" babus assumes significance in view of the recent episode involving J&K cadre IPS officer, Alok Kumar, who had to be unceremoniously removed from the post of Saran range DIG after he was accused of demanding Rs 10 crore from a liquor firm's representative. "The state government should do something about these outsiders who are bringing a bad name to the 'sushasan'," wrote a netizen on a social networking site.

Almost all these "imported" officials happen to hail from Bihar. They are on deputation for a tenure of five or three years. Besides IAS and IPS officials, all-India services officials like D K Srivastava, J K P Singh, P K Rai, Sanjeevan Sinha and Awadhesh Kumar are also working with the Bihar government. Indian Railway Service's Srivastava, Singh and Rai are posted as director (tourism), Bihar State Text-book Corporation MD and Bihar State Power Holding Company Limited CMD respectively while Indian Post & Telecommunication Accounts and Finance Service's Sinha and Kumar are Bihar State Infrastructural Development Agency MD and Bihar State Tourism Development Corporation MD respectively.

Bihar State Warehousing Corporation and Beltron have also one "imported" official each. Five Indian Forest Service officials - M K Sharma, Satyendra, Ashutosh Kumar, P K Gupta and Arvinder Singh - are also serving on key positions in the state.

Among five IAS officials on interstate deputation to Bihar, Pankaj K Pal, Manish K Verma and Abhijit Sinha are currently DMs of Bhojpur, Purnia and East Champaran. Odisha cadre's Sanjay Kumar Singh has been made special secretary to CM after two stints as DM - in Gaya and Patna.

A 2002-batch IAS official, Pal was Gopalganj DM when a woman college principal allegedly slapped him. He was shunted out of Gopalganj and posted in the agriculture department after the killing of a jail doctor inside the Gopalganj jail by the prisoners in 2011. Eighteen months on, he is back in the saddle as the Bhojpur DM.

Yet another MT-cadre IAS official J K Sinha, who once got the coveted post of Patna DM, had to be relieved from his post in the CM secretariat and repatriated to his parent cadre almost overnight after the government received some adverse reports about his conduct. Officially, however, his hasty repatriation was never explained.

Explaining the state government's position, a senior official said states did not have a decisive say in deciding interstate deputations. The Centre's DoPT (department of personnel and training) clears such applications, he said and added not all such officers were bad and that most of them had delivered during their field postings.

Also, the state government will not come to the rescue of any official doing any wrong. "The then Saran DIG Alok Kumar's is a case in point in which the law is taking its own course," the official said and pointed out Bihar was the only state to come up with a law in 2010 to confiscate properties of corrupt babus.

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CDC: Flu seems to level off except in the West


New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.


The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.


Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.


There is still vaccine available although it may be hard to find. The CDC has a website that can help.


___


CDC: http://www.cdc.gov/flu/


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'Hot' Guns Fueling Crime, US Study Says













Christmas is the one day of the year that Wal-Mart is closed, but for a group of four New Mexico burglars, it was the perfect time to stop in for some firearms.


Video surveillance cameras caught the masked burglars red-handed, stealing rifle after rifle. Police arrested the four men, and were able to recover the guns. But all too often, stolen weapons end up in the hands of criminals.


The New Mexico caper is part of a flood of gun thefts nationwide. And it's not only commercial gun dealers vulnerable to theft.


Guns are a top target for home burglars looking for something they can easily sell on the street.


An estimated 230,000 guns per year are stolen in home burglaries and property crimes, according to a study by the Department of Justice.


"Any burglar that goes in a house and finds guns, their eyes are going to light up," says former ATF Assistant Director Mike Bouchard. "That's the first thing they're going to take."


The statistics for commercial thefts show that nearly 25,000 guns per year are lost or stolen from gun dealers.


According to the Bureau of Alcohol Tobacco and Firearms (ATF), more than 4,000 gun stores and retailers have been targeted in the last three years, with 74,000 guns reported stolen or lost. And criminals will use any method possible to get their hands on some weapons, either for their own use, or to sell on the black market.






Minnesota Public Radio, Jeffrey Thompson/AP Photo











Washington Teen Allegedly Helped Steal Father's Guns Watch Video









Obama on Gun Violence Measures: 'This Is Common Sense' Watch Video







Recently, thieves have taken to using a stolen vehicle to ram down the front doors of a gun store. In North Charleston, S.C., for example, burglars smashed a stolen truck right through Guns and Gold Trading Post, stealing $4,500 worth of guns before making a quick getaway.


"Gun stores are like candy stores for criminals," says Mike Bouchard.


2012 was a record year for gun sales, with more than 19.5 million background checks run for gun purchases, up almost 20% from the previous year. But while legitimate sales skyrocket, huge numbers of illegal guns are hitting the streets.


According to the Justice Department, more than 1.4 million guns were stolen or lost between 2005 and 2010.


Former ATF Assistant Director Bouchard says crooks have easy access to cheap stolen guns on the street.


"If you talk to any criminal, they can find a gun within an hour or two. Cheaper guns that were stolen can be sold for $50. On the street, a typical good handgun will run you $200 to $300," Bouchard said.


Some thieves have even targeted gun shipments, stealing the weapons before they get to market.


Last November, for example, a rogue truck driver allegedly stole a shipment of 111 guns he was supposed to deliver from the Smith and Wesson factory in Springfield, Mass.


When police caught him, they recovered 28 of the stolen guns, but some had already been used in crimes.


When police arrested the alleged stick-up robber known as the Black Jacket Bandit, they found one of the stolen guns was allegedly used by him in a convenience store robbery within weeks of the delivery heist.


In November, more than 100 powerful AK-47s were stolen from a rail yard in Atlanta. The guns were in a box car containing more than 1,000 guns being shipped from an overseas manufacturer to a major U.S. distributor, authorities say.


A few of the weapons have been recovered, but police are deeply concerned about having scores of new assault rifles falling into the wrong hands.


Given all the gun thefts, police say it is critical for gun owners to secure their weapons in gun safes or locked cases. And authorities are urging gun retailers to fortify their buildings, to try to prevent "smash and grab" type robberies.



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North Korea to target U.S. with nuclear, rocket tests


SEOUL (Reuters) - North Korea said on Thursday it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".


The announcement by the country's top military body came a day after the U.N. Security Council agreed to a U.S.-backed resolution to censure and sanction North Korea for a rocket launch in December that breached U.N. rules.


North Korea is not believed to have the technology to deliver a nuclear warhead capable of hitting the continental United States, although its December launch showed it had the capacity to deliver a rocket that could travel 10,000 km (6,200 miles), potentially putting San Francisco in range, according to an intelligence assessment by South Korea.


"We are not disguising the fact that the various satellites and long-range rockets that we will fire and the high-level nuclear test we will carry out are targeted at the United States," North Korea's National Defence Commission said, according to state news agency KCNA.


North Korea is believed by South Korea and other observers to be "technically ready" for a third nuclear test, and the decision to go ahead rests with leader Kim Jong-un, who pressed ahead with the December rocket launch in defiance of the U.N. sanctions.


China, the one major diplomatic ally of the isolated and impoverished North, agreed to the U.S.-backed resolution and it also supported resolutions in 2006 and 2009 after Pyongyang's two earlier nuclear tests.


Thursday's statement by North Korea represents a huge challenge to Beijing as it undergoes a leadership transition, with Xi Jinping due to take office in March.


China's Foreign Ministry called for calm and restraint and a return to six-party talks, but effectively singled out North Korea, urging the "relevant party" not to take any steps that would raise tensions.


"We hope the relevant party can remain calm and act and speak in a cautious and prudent way and not take any steps which may further worsen the situation," ministry spokesman Hong Lei told reporters at a regular press briefing.


North Korea has rejected proposals to restart the talks aimed at reining in its nuclear capacity. The United States, China, Russia, Japan and the two Koreas are the six parties involved.


"After all these years and numerous rounds of six-party talks we can see that China's influence over North Korea is actually very limited. All China can do is try to persuade them not to carry out their threats," said Cai Jian, an expert on Korea at Fudan University in Shanghai.


Analysts said the North could test as early as February as South Korea prepares to install a new, untested president or that it could choose to stage a nuclear explosion to coincide with former ruler Kim Jong-il's Feb 16 birthday.


"North Korea will have felt betrayed by China for agreeing to the latest U.N. resolution and they might be targeting (China) as well (with this statement)," said Lee Seung-yeol, senior research fellow at Ewha Institute of Unification Studies in Seoul.


U.S. URGES NO TEST


Washington urged North Korea not to proceed with a third test just as the North's statement was published on Thursday.


"Whether North Korea tests or not is up to North Korea," Glyn Davies, the top U.S. envoy for North Korean diplomacy, said in the South Korean capital of Seoul.


"We hope they don't do it. We call on them not to do it," Davies said after a meeting with South Korean officials. "This is not a moment to increase tensions on the Korean peninsula."


The North was banned from developing missile and nuclear technology under sanctions dating from its 2006 and 2009 nuclear tests.


A South Korean military official said the concern now is that Pyongyang could undertake a third nuclear test using highly enriched uranium for the first time, opening a second path to a bomb.


North Korea's 2006 nuclear test using plutonium produced a puny yield equivalent to one kiloton of TNT - compared with 13-18 kilotons for the Hiroshima bomb - and U.S. intelligence estimates put the 2009 test's yield at roughly two kilotons


North Korea is estimated to have enough fissile material for about a dozen plutonium warheads, although estimates vary, and intelligence reports suggest that it has been enriching uranium to supplement that stock and give it a second path to the bomb.


According to estimates from the Institute for Science and International Security from late 2012, North Korea could have enough weapons grade uranium for 21-32 nuclear weapons by 2016 if it used one centrifuge at its Yongbyon nuclear plant to enrich uranium to weapons grade.


North Korea has not yet mastered the technology needed to make a nuclear warhead small enough for an intercontinental missile, most observers say, and needs to develop the capacity to shield any warhead from re-entry into the earth's atmosphere.


North Korea gave no time-frame for the coming test and often employs harsh rhetoric in response to U.N. and U.S. actions that it sees as hostile.


The bellicose statement on Thursday appeared to dent any remaining hopes that Kim Jong-un, believed to be 30 years old, would pursue a different path from his father, Kim Jong-il, who oversaw the country's military and nuclear programs.


The older Kim died in December 2011.


"The UNSC (Security Council) resolution masterminded by the U.S. has brought its hostile policy towards the Democratic Peoples Republic of Korea (North Korea) to its most dangerous stage," the commission was quoted as saying.


(Additional reporting by Christine Kim in SEOUL, Ben Blanchard and Sui-Lee Wee in Beijing; Writing by David Chance; Editing by Raju Gopalakrishnan and Ron Popeski)



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COV of flats in popular estates remain high in Q4

 





SINGAPORE: The cash premiums for HDB resale flats continued to hover in the high range in the fourth quarter of 2012 in some popular estates.

Data released by the Housing and Development Board on Friday showed that the median Cash-Over-Valuation (COV) for a three-room flat in Queenstown stood at S$30,000 and S$65,900 for a four-room flat.

In Bishan, the median COV for a four-room flat touched S$50,000, while that of an executive flat was S$70,000.

For Toa Payoh, the median COV for a three-room flat was S$35,000, while that of a four-room flat was S$67,800. The COV for a five-room flat was S$69,000.

COV is the cash premium buyers pay for a resale HDB flat.

- CNA/fa




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