There are fundamental differences between a condo and HDB flat which are neither academic nor insignificant in any way. Since buyers of HDB units have only purchased a 99-year lease, they have no share of the land where their blocks stand on and no strata title. As such, the HDB is not being fair to its tenants by calculating the land cost when evaluating the price of its flats. All private condo units - whether they are on 99 or 999-year leases - possess a strata title, which stipulates the size of each apartment, including its undivided share of the land - including the swimming pool, tennis courts, gymnasium, carpark etc. - which the development occupies.
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Fundamental differences between a condo and HDB flat
- Thread starter True Believer
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