HDB Supposed to Last for 99years But It is Almost Not Fit for Living after 40yrs

[nayr69sg]

I have been saying this for a long time. The HDB does not intend to honour the 99 year lease for the simple reason their flats will not last 99 years. In other countries like HKG, the lease is 60 years or roughly one lifetime. U stay in that flat after you buy it at 25 years old and it last you till you die. So why do they sell it with 99 years lease? Imagine this. Lets say you pay $400K for your flat with 99 years lease. If the lease was reduced to 60 years, can they still sell the flat for $400K. Obviously no. If you pro rate it out, the same flat with a 60 year lease is worth $240K. Which do you think the PAP prefer to earn?

Why don't they just increase the lease to 120 years? Can sell for more?

Wait actually this might be next election strategy. Vote PAP then you can pay $10k to extend your HDB lease another 20 years.

 

[nightsafari]

$10k for 20 years? more like $200k...

 

[nightsafari]

hanor, you better beware - especially of those low-hanging fruits.
tiagong those loquats are the ones that love to squat low within arms reach, and you don't want to end up with 6.9 kgs of hairy rambutans

hairy rambutans no thank you...

 

[JuliaScissors]

he is a construction civil engineer.

Umm...I doubt so...I m here since Delphi days I notice despite eating shit this guy knows EVERYTHING - economy, IT, construction, 69 of everything, etc etc

 

[nayr69sg]

Umm...I doubt so...I m here since Delphi days I notice despite eating shit this guy knows EVERYTHING - economy, IT, construction, 69 of everything, etc etc

yes he is damn smart! Well read. And had the chops to understand what he reads too.

 

[winnipegjets]

ever heard of preppers building their own underground bunkers?

How many have you built? Can build one in SINKapore?

 

[eatshitndie]

How many have you built? Can build one in SINKapore?

there's one that is still around in sg.

 

[Papsmearer]

i think you watch too much chinese kong fu movie. i key on the ememnies, the guy fell onto the wall and the wall collapse with lot of dust effects.

 

[Papsmearer]

How many have you built? Can build one in SINKapore?

Every new flat got bomb shelter now, build simi LC?

 

[Papsmearer]

Umm...I doubt so...I m here since Delphi days I notice despite eating shit this guy knows EVERYTHING - economy, IT, construction, 69 of everything, etc etc

That's because its several guys logging in under the same moniker. That guy is not that smart to know everything