Civil Servant Couple Value $380k PHole @ $650K After Spending $100k on Renovation

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<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Sep 14, 2008
MY SPACE
</TR><!-- headline one : start --><TR>Recreation at home
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Movie and music buffs Sebastian Tan and Caren Lim in the theatre room of their executive apartment. -- ST PHOTOS: MUGILAN RAJASEGERAN
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->Mr Sebastian Tan, 34
  • Civil servant
<TABLE width=200 align=left valign="top"><TBODY><TR><TD class=padr8><!-- Vodcast --><!-- Background Story --><STYLE type=text/css> #related .quote {background-color:#E7F7FF; padding:8px;margin:0px 0px 5px 0px;} #related .quote .headline {font-family: Verdana, Arial, Helvetica, sans-serif; font-size:10px;font-weight:bold; border-bottom:3px double #007BFF; color:#036; text-transform:uppercase; padding-bottom:5px;} #related .quote .text {font-size:11px;color:#036;padding:5px 0px;} </STYLE>Money matters
Cost of home: $378,000

Cost of furnishings:$25,000


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  • 164 sq m executive apartment in Yishun Avenue 4
  • Lives with wife Caren Lim, 29, also a civil servant.
I love my home because...
It is large enough so that we can have separate rooms for my theatre system, my toys and collectibles, and a guest room.
We merged two rooms into one gigantic bedroom. There is also a super-huge living room that still has lots of space even after putting in a pool table. Also, the three 'Christmas trees' just outside my window add to the warm and festive feeling.
My decor theme is...
Modern baroque.
My favourite corner is...
The theatre room as both of us are big movie and music buffs and this room houses posters, books and figurines of our favourite musicians, as well as our collection of DVDs and CDs.
It is also the place where we enjoy a movie and/or music after a day of work, and where we entertain our friends and invite them over to watch my favourite football team, Liverpool, in action during the weekends.
I'm most proud of...
The whole flat as we virtually rebuilt it as the previous owners had left it in a sorry state.
With help from our contractor, we designed the flat ourselves and hence we derived great satisfaction from it upon completion. As we first fell in love at Zouk, the huge Zouk collage in our living room pays homage to the iconic place.
Will I sell it?
Yes, if the price meets the approximate value now.
[email protected]

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Civil servant Sebastian Tan, 34, tells Alvin Lim how a complete overhaul has turned an uncared-for Yishun flat into an entertainment haven for his family.
Do you have a favourite space in your home?
Send us a picture. We will consider it for publication in Stomp and The Sunday Times. MMS your pictures to 75557 or e-mail[email protected] with the key words 'My Space'.

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<TR><TD width="33%">View all thumbnail</TD><TD class=georgia12 align=middle width="33%">Photo 2 of 2</TD><TD align=right width="33%">« Prev Next »</TD></TR><TR><TD vAlign=top colSpan=3>The couple enjoying a game of pool in their living room. </TD></TR></TBODY></TABLE>

Money matters
Cost of home: $378,000
Cost of furnishings:$25,000
Cost of renovations: $70,000
Approximate value now: $650,000
Stomp pick
 
Nice to have pool table and theatre room, but 650 grand is very tua kang.
 
30-year housing loan and potential subprime case?
 
So he believes his career is iron rice bowl. So big deal about theatre room and the design is horrid and errie. A friend of mine staying in 3 room flat also got theatre cum study room at home.
 
wa the house very nice....and obviously not going to have childen soon! tsk tsk not patriotic! :)
 
CNB should do spot check on them and judge will sentence the civil servant to 10 years in jail.
 
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