Hoseh liao.....The ticking time bomb of the 99-year-leasehold HDB flats

[zhihau]

Don’t say buy new hdb BTO flats, even resale hdb also cannot buy! The pap rules are so stupid and discriminatory to Singaporeans who own private property

Agree. Why are HDB lease-owners allowed to buy a private property and still get to hold on to the HDB?

 

[eatshitndie]

Not only cannot get near me, when I get police to go near him he hide behind his grandmother saying it’s his grandmother that write these malicious shit and meant for their family member not me. Typical coward criminal bullies.

ok now i know you're a lau chio auntie. hello. can we lim kopi?

 

[ginfreely]

Please be more specific and use the right word, it's jiuhukelingkia. Understand? You sinkie seow char bor.

To be specific you are malicious Malaysian indian black hand pretending to be sinkie and called yourself SINKIE.

 

[Truth_Hurts]

Don’t say buy new hdb BTO flats, even resale hdb also cannot buy! The pap rules are so stupid and discriminatory to Singaporeans who own private property but never buy hdb before while allowing scumbags Malaysian like you to buy hdb by cheating in your declaration of no or underdeclare overseas properties and make marvelous returns and retire to JB.

Can't Singkies cheat on their declaration too?

 

[ginfreely]

Agree. Why are HDB lease-owners allowed to buy a private property and still get to hold on to the HDB?

That’s why I say hdb sinkies are very pampered. They take for granted and complain everything that has been so nicely served up to them while others have to face discrimination and hindrance just to get the same.

Anyway nevermind now that the hdb market is flat or dropping due to ageing flats while private market is increasing, the government will surely relax this rule in no time as they need people to buy their ageing hdb flats that nobody wants aka spice up the hdb market.

 

[ginfreely]

ok now i know you're a lau chio auntie. hello. can we lim kopi?

I only want police to lim kopi with you. Can we meet at police station?

 

[ginfreely]

Can't Singkies cheat on their declaration too?

Because Singaporeans are high class and law abiding citizens anywhere on earth. Not like shitty people bring their shitty culture to steal and cheat no matter where they go.

 

[zhihau]

Auntie say your uncle can only fuck spider and very jealous of Singaporean. You still no post evidence of me being toilet bowl means provsn same old shit lies from malicious Malaysian. Shit spotted since morning. Where’s zhihau?

here, here

 

[eatshitndie]

I only want police to lim kopi with you. Can we meet at police station?

ok, we can meet at poodle doodle pet boutique on 21 jalan mas puteh. you can recognize me as the lau tiko frenchie with a long tongue.

 

[ginfreely]

ok, we can meet at poodle doodle pet boutique on 21 jalan mas puteh. you can recognize me as the lau tiko frenchie with a long tongue.

View attachment 40983

You are such a cute dog.

 

[eatshitndie]

You are such a cute dog.

woof woof!

 

[zeebjii]

Agree. Why are HDB lease-owners allowed to buy a private property and still get to hold on to the HDB?

The same reason they allowed PRs to buy flats. It's a fucking ponzi scheme. Sinkieland is one big fucking ponzi. CPF ponzi, hdb ponzi, the mega property ponzi, and the biggest is the population ponzi underpinning all the other ponzi schemes. A ponzi scheme can never stop, otherwise the whole thing will collapse onto itself. Don't ever believe the scums in white when they say they will restrict population growth. Without population growth the entire sinkie ponzi will collapse.

 

[face the facts]

The same reason they allowed PRs to buy flats. It's a fucking ponzi scheme. Sinkieland is one big fucking ponzi. CPF ponzi, hdb ponzi, the mega property ponzi, and the biggest is the population ponzi underpinning all the other ponzi schemes. A ponzi scheme can never stop, otherwise the whole thing will collapse onto itself. Don't ever believe the scums in white when they say they will restrict population growth. Without population growth the entire sinkie ponzi will collapse.

absolutely spot on.....
poor locals bear the brunt of this scam

 

[bushtucker]

https://sg.yahoo.com/finance/news/hdb-chief-suggests-home-seekers-163219150.html

HDB chief suggests buyers should pay less for resale flats with shorter leases

Dr Cheong Koon Hean, chief executive of the Housing & Development Board (HDB), suggested that home seekers should pay less for resale flats with shorter lease.

“The price you pay (for your resale HDB flat) should (be) commensurate with the lease,” she said.
Speaking at the 2nd of Institute of Policy Studies-Nathan 5th Lecture Series titled, “Anticipating Our Urban Future -Trends, Threats and Transformation”, Dr Cheong called such HDB buying decisions “prudent choice”.

Dr Cheong joined the HDB in 2010 and oversees the development and management of some one million public housing flats in 26 towns and estates. Her comments come at a time when the public has expressed concerns about the 99-year leasehold for HDB flats, likening it to a “ticking time-bomb”.

The ticking time bomb of the 99-year-leasehold HDB flats


Image credit: icompareloan.com

Professor Chan Heng Chee, the moderator of the lecture series asked Dr Cheong the question of “HDB leasehold” on the behalf of some participants. When Professor Chan said that “people are feeling anxious” about the 99-year-lease of HDB flats, Dr Cheong replied, “understandably”.

Dr Cheong explained to the participants that her role as planner is to guide Singapore into the future – perhaps the next 100 or 200 years. She explained that the 99 year lease was calculated to last 2 generations, and that there are many ways to monetise the HDB flat.

Dr Cheong added that the 99 year HDB flat lease allows the Government to recycle the land, so that the children of the current home owners will be able to buy a HDB flat at “affordable prices”.
More support to meet the housing needs of Singaporeans

There was a loud murmur from almost 500 participants at the lecture when the Prof Chan mistakenly suggested that people who buy HDB flats with shorter leases don’t lose money because the “person who buys a shorter lease will pay much less money”. Prof Chan eventually stood corrected.

The following is the transcript of the question and answer on the “HDB leasehold” section in the lecture series.

—

Dr Cheong: The leasehold question…let me see what was exactly asked.

Prof Chan: The right forum…the people are feeling anxious

Dr Cheong: Understandably…Let me put it in context, in the light of the lecture, I expect you to ask a question like that, when I talk about leasehold. I want everyone to understand Singapore’s limitations. My interest as an architect planner is to bring Singapore into the future right? Singapore SG100…SG200. Given that you are small place, how do you ensure that we have facilities and housing for children, our grandchildren going into the future?

So, in a way the leasehold enables us to recover the land loan…so that is the over-arching umbrella that we are thinking about. Now next step, HDB flats are sold at 99 years lease. In fact, HDB flats you get the full 99 years lease, unlike private developers. Did you better know that? If you don’t know you better check.

99 years is meant for a home. And is enough for 2 generations. It lasts you for 2 generations. It’s a long time. And for most people by the time you live in it – after one generation – in fact they can monetise the home. And there are many ways to monetise today right?

You can sell the larger flat and buy a smaller flat. I build a lot of smaller flats, which a lot of my elderly love. Because now they don’t have to maintain such a big home. And with the money, it goes back to CPF…and you buy CPF life. So there are many ways to monetise.

So, if they want to stay in their own home, they can do a lease buy back. I buy back some of the leases. And then they make sure you keep the leases that will last you the lifetime. The length of your life.

Another way of monetisation is people rent out rooms in their homes. And there are people who actually sell off and go and live with their children. Ok some of you may not want to live with your children, you can buy another smaller flat. So there are any ways of monetising within the period of the 99 years.

And you must remember that actually their children will go on to buy an affordable flat from me. Correct? Now how do you make sure they can buy back an affordable flat from me? Eventually you have to recycle the land. You understand? So, I am trying to paint that broader picture. And there are actually quite a lot of ways to continue to monetise. 99 years is a long time.

Prof Chan: Can I just ask a tag-on question. How many homeowners live in the same flats throughout their lives? Because surely they would have sold it to somebody else, made some money. Or, bought another apartment. Next person who buys a shorter lease will pay much less money. So it is not like they lose the money….(murmur from the crowd?)…They still pay a lot of money is it?…Now I am stirring the pot.

Dr Cheong: There is a mixture. There are a lot who live in their own flats and there are a lot who monetise it. You see Singaporeans move house a lot you know. compared to people in overseas cities. I don’t have the statistics here, but I think quite a lot of people do sell and move on to something else.

So the point really is about making prudent choice. Prudent choice is very important. You should buy a flat, as you say it commensurate with the lease. The price you pay should commensurate with the lease. As you should buy a flat that would last you a lifetime. So, these are prudent choices that you probably need to make sure that you are making.

—
Dr Cheong will deliver a 3rd lecture on 23 April and details are as follows:

Lecture III: “Shaping The Future of Heartland Living”
Date: Monday, 23 April 2018
Time:
6.15 pm – 7.45 pm (Registration and Light Refreshments from 5.15 pm)
Venue: Auditorium, Shaw Foundation Alumni House

National University of Singapore

11 Kent Ridge Drive

Singapore 119244

(Location)
You may register here.

The post HDB chief suggests buyers should pay less for resale flats with shorter leases appeared first on iCompareLoan Resources.

 

[nayr69sg]

Why use word sell and buy?

Use the words rent. The word lease is there already.

Sinkies are so fucking stupid!

 

[mojito]

Why use word sell and buy?

Use the words rent. The word lease is there already.

Sinkies are so fucking stupid!

Silly nays! Whoever would take a loan to pay upfront rent for 99 years? What a silly thing to do!

 

[sweetiepie]

https://sg.yahoo.com/finance/news/hdb-chief-suggests-home-seekers-163219150.html

HDB chief suggests buyers should pay less for resale flats with shorter leases

Dr Cheong Koon Hean, chief executive of the Housing & Development Board (HDB), suggested that home seekers should pay less for resale flats with shorter lease.

“The price you pay (for your resale HDB flat) should (be) commensurate with the lease,” she said.
Speaking at the 2nd of Institute of Policy Studies-Nathan 5th Lecture Series titled, “Anticipating Our Urban Future -Trends, Threats and Transformation”, Dr Cheong called such HDB buying decisions “prudent choice”.

Dr Cheong joined the HDB in 2010 and oversees the development and management of some one million public housing flats in 26 towns and estates. Her comments come at a time when the public has expressed concerns about the 99-year leasehold for HDB flats, likening it to a “ticking time-bomb”.

The ticking time bomb of the 99-year-leasehold HDB flats


Image credit: icompareloan.com

Professor Chan Heng Chee, the moderator of the lecture series asked Dr Cheong the question of “HDB leasehold” on the behalf of some participants. When Professor Chan said that “people are feeling anxious” about the 99-year-lease of HDB flats, Dr Cheong replied, “understandably”.

Dr Cheong explained to the participants that her role as planner is to guide Singapore into the future – perhaps the next 100 or 200 years. She explained that the 99 year lease was calculated to last 2 generations, and that there are many ways to monetise the HDB flat.

Dr Cheong added that the 99 year HDB flat lease allows the Government to recycle the land, so that the children of the current home owners will be able to buy a HDB flat at “affordable prices”.
More support to meet the housing needs of Singaporeans

There was a loud murmur from almost 500 participants at the lecture when the Prof Chan mistakenly suggested that people who buy HDB flats with shorter leases don’t lose money because the “person who buys a shorter lease will pay much less money”. Prof Chan eventually stood corrected.

The following is the transcript of the question and answer on the “HDB leasehold” section in the lecture series.

—

Dr Cheong: The leasehold question…let me see what was exactly asked.

Prof Chan: The right forum…the people are feeling anxious

Dr Cheong: Understandably…Let me put it in context, in the light of the lecture, I expect you to ask a question like that, when I talk about leasehold. I want everyone to understand Singapore’s limitations. My interest as an architect planner is to bring Singapore into the future right? Singapore SG100…SG200. Given that you are small place, how do you ensure that we have facilities and housing for children, our grandchildren going into the future?

So, in a way the leasehold enables us to recover the land loan…so that is the over-arching umbrella that we are thinking about. Now next step, HDB flats are sold at 99 years lease. In fact, HDB flats you get the full 99 years lease, unlike private developers. Did you better know that? If you don’t know you better check.

99 years is meant for a home. And is enough for 2 generations. It lasts you for 2 generations. It’s a long time. And for most people by the time you live in it – after one generation – in fact they can monetise the home. And there are many ways to monetise today right?

You can sell the larger flat and buy a smaller flat. I build a lot of smaller flats, which a lot of my elderly love. Because now they don’t have to maintain such a big home. And with the money, it goes back to CPF…and you buy CPF life. So there are many ways to monetise.

So, if they want to stay in their own home, they can do a lease buy back. I buy back some of the leases. And then they make sure you keep the leases that will last you the lifetime. The length of your life.

Another way of monetisation is people rent out rooms in their homes. And there are people who actually sell off and go and live with their children. Ok some of you may not want to live with your children, you can buy another smaller flat. So there are any ways of monetising within the period of the 99 years.

And you must remember that actually their children will go on to buy an affordable flat from me. Correct? Now how do you make sure they can buy back an affordable flat from me? Eventually you have to recycle the land. You understand? So, I am trying to paint that broader picture. And there are actually quite a lot of ways to continue to monetise. 99 years is a long time.

Prof Chan: Can I just ask a tag-on question. How many homeowners live in the same flats throughout their lives? Because surely they would have sold it to somebody else, made some money. Or, bought another apartment. Next person who buys a shorter lease will pay much less money. So it is not like they lose the money….(murmur from the crowd?)…They still pay a lot of money is it?…Now I am stirring the pot.

Dr Cheong: There is a mixture. There are a lot who live in their own flats and there are a lot who monetise it. You see Singaporeans move house a lot you know. compared to people in overseas cities. I don’t have the statistics here, but I think quite a lot of people do sell and move on to something else.

So the point really is about making prudent choice. Prudent choice is very important. You should buy a flat, as you say it commensurate with the lease. The price you pay should commensurate with the lease. As you should buy a flat that would last you a lifetime. So, these are prudent choices that you probably need to make sure that you are making.

—
Dr Cheong will deliver a 3rd lecture on 23 April and details are as follows:

Lecture III: “Shaping The Future of Heartland Living”
Date: Monday, 23 April 2018
Time:
6.15 pm – 7.45 pm (Registration and Light Refreshments from 5.15 pm)
Venue: Auditorium, Shaw Foundation Alumni House

National University of Singapore

11 Kent Ridge Drive

Singapore 119244

(Location)
You may register here.

The post HDB chief suggests buyers should pay less for resale flats with shorter leases appeared first on iCompareLoan Resources.

my uncle say KNN KNN how come need hdb chief to talk this. he say kopi uncle also know all this and can add more insights to self inflicted sinkie loser flat buyer KNN.

 

[sweetiepie]

my uncle say KNN KNN how come need hdb chief to talk this. he say kopi uncle also know all this and can add more insights to self inflicted sinkie loser flat buyer KNN.

my uncle also say KNN the 500 wow audience is from what background is it from school of intellectually disabled as the kopi uncles he la kopi with know all this le. he say quite strange KNN

 

[eatshitndie]

in theory i agree with dr. cheong. those are the (planning) objectives and purpose of hdb. the theoretical template is carefully planned and projected for a hundred years on paper. but in reality theory doesn't work that way. with market forces, sinkie fear and stupidity (kiasuness), sinkie irrationality, the need to "own" rather than rent mentality, and willingness to outbid and outbuy one another, hdb flats in sg are typically asset enhancers despite 99-year leases that dwindle with time. with resale prices at all time highs, it's no longer a "public housing" project as flats are bought and sold on the open market with hdb's blessing. haven't heard any hdb flat "owner" (tenant) who buys flat 30 years ago lose money by selling today. have you? the important reality is "buy low sell high", and that has been the market theme of hdb flats since their inception. if goondu sinkie buyers are willing to shell out more (in fact way more) for a flat that is depreciating with a dwindling lease, that is part of local market forces and how demand and supply work. to deny the facts on the ground and how reality upends theory is simply highfalutin policy making and planning without understanding how the real world works.

 

[AhMeng]

Why use word sell and buy?

Use the words rent. The word lease is there already.

Sinkies are so fucking stupid!

Song Bo for those who pay 800k to over 1 million to buy those flats ... Really pwn gao gao by chenghu.. lol..