Serious It's Official! Sinkies Own Their HDB Flat! Oppies, Pls Stop Spreading Lies That HDB Is A Long-term Tenancy!

[Kopi0Kosong]

Let the LEEders to continue digging, enlarging and deepening the holes. On Judgement Day, Singaporeans can throw in the LEEders and cover them, the LEEders and the holes, with our VOTES.

 

[LaoTze]

https://www.theonlinecitizen.com/20...at-is-the-collateral-damage-to-the-pap-story/

 

[Leongsam]

A truly great man who has done wonders for Singapore.

Thanks to him many ordinary Singaporeans have become millionaires thanks to their HDB flat ownership.

Of course nobody can forecast what the future beholds so now would be the appropriate time to cash out and take profit.

 

[winnipegjets]

This applies to sinkapore too.

https://www.forbes.com/sites/jessec...alth-is-experiencing-an-unsustainable-bubble/

 

[glockman]

I have a few friends own 99 years leasehold private condominium.

In term of lease, no different from HDB 99 years.

But veteran architect Tay Kheng Soon has pointed out that there is a fundamental difference – unlike HDB flats, leasehold private properties come with a strata title which means property owners have a share of the land where their apartment or condo sits on. With no strata title, HDB ‘owners’ therefore have no share of the land their flat sits on and this has given rise to the notion that it is akin to extended rental.

https://www.theonlinecitizen.com/20...at-is-the-collateral-damage-to-the-pap-story/

 

[winnipegjets]

PAP can spin all they want ...the reality is that after 50 years of ownership, your HDB flat value starts to decline.

 

[Robert Half]

But veteran architect Tay Kheng Soon has pointed out that there is a fundamental difference – unlike HDB flats, leasehold private properties come with a strata title which means property owners have a share of the land where their apartment or condo sits on. With no strata title, HDB ‘owners’ therefore have no share of the land their flat sits on and this has given rise to the notion that it is akin to extended rental.

https://www.theonlinecitizen.com/20...at-is-the-collateral-damage-to-the-pap-story/

Thanks bro glockman, info noted

 

[Leongsam]

PAP can spin all they want ...the reality is that after 50 years of ownership, your HDB flat value starts to decline.

50 years is a great run by any measure. If you bought your flat when you were 30 you'd be 80 before your flat started declining in value. Not many assets have the same staying power.

 

[eatshitndie]

50 years is a great run by any measure. If you bought your flat when you were 30 you'd be 80 before your flat started declining in value. Not many assets have the same staying power.

it's no mystery that low ses sinkies are morons when it cums to long term planning on finance and real estate. the hdb flat is a godsend by world standards as those who understand the historical facts, trends, data and know when to cash out will reap rewards many times beyond their humble beginnings. because of hdb, sg has lifted hundreds of thousands of sinkies out of poverty. even if it's not ownership through a deed or strata title, there's value and wealth creation - and the latter is way more important than the former. what's the point of having a piece of paper that says "ownership" when low ses sinkies are clueless in maximizing its value, realizing and enjoying the equity and gain of that ownership within their lifetimes. they will still squander whatever opportunities, values and wealth being presented on a silver platter. this chart has been on the web for years, but low ses sinkies are too daft and deft to fathom, plan, decide, and take positive actions to reap the full rewards of the info given. in sg, everything except land depreciates with time. for anyone to buy a hdb flat at over $699k, he she must be a complete moron. best is to buy it brand new at subsidized pricing and sell it after 5 but not more than 6.9 years.

 

[Annunaki]

Prime Minister Lee Hsien Loong set out on Friday (Aug 24) why home ownership is a key national policy, saying it gives every Singaporean a stake in the country and has improved lives significantly for all. On the issue of 99-year Housing Board leases, Mr Lee refuted the notion that the lease is "merely an extended rental" and not a sale. He said he found the argument by some commentators "frankly, amazing", as many private properties are also held on 99-year leases but no one argues they are merely being rented.

 

[winnipegjets]

Prime Minister Lee Hsien Loong set out on Friday (Aug 24) why home ownership is a key national policy, saying it gives every Singaporean a stake in the country and has improved lives significantly for all. On the issue of 99-year Housing Board leases, Mr Lee refuted the notion that the lease is "merely an extended rental" and not a sale. He said he found the argument by some commentators "frankly, amazing", as many private properties are also held on 99-year leases but no one argues they are merely being rented.

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The HDB flat corridors are so disgusting ...yet, the flat cost you at least $400k. Because they priced it so high, private properties have to be higher.

Home ownership is important for the PAP because that's how it steals our money. Overpriced flats,

 

[Leongsam]

The HDB flat corridors are so disgusting ...yet, the flat cost you at least $400k. Because they priced it so high, private properties have to be higher.

Home ownership is important for the PAP because that's how it steals our money. Overpriced flats,

The flat corridors are disgusting because the occupants of the flats are disgusting. An environment is nothing more than a reflection of those who reside in it. You can't blame the HDB or the PAP.

 

[winnipegjets]

HDB will be affordable if each flat is sold at $69k (Eatshitndie's favourite number). Cost of living will plunge too.

Sinkees will be richer and their retirement fund will grow.

 

[Kopi0Kosong]

A truly great man who has done wonders for Singapore.
Thanks to him many ordinary Singaporeans have become millionaires thanks to their HDB flat ownership.
Of course nobody can forecast what the future beholds so now would be the appropriate time to cash out and take profit.

With or without the person, many ordinary Singaporeans would still become millionaires. The HDB flat ownership benefitted one famiLEE the most. That part of history cannot be changed. The public housing initiative did not come from the PAP. This part of history cannot be denied.

 

[hairylee]

Lawless Wong talking through his arse again.

 

[Kopi0Kosong]

50 years is a great run by any measure. If you bought your flat when you were 30 you'd be 80 before your flat started declining in value. Not many assets have the same staying power.

But... this is not what some PAP LEEders had told the people. The real issue is that leaders of authority should not seek to misinform - cheating and lying should never be on their agenda. TRUTH should not be tainted.

Minister Wong now says HDB flat an asset that will appreciate as Singapore prospers

 

[Leongsam]

But... this is not what some PAP LEEders had told the people. The real issue is that leaders of authority should not seek to misinform - cheating and lying should never be on their agenda. TRUTH should not be tainted.

Minister Wong now says HDB flat an asset that will appreciate as Singapore prospers

Yes and that is true too. If Singapore is booming then demand for housing will rise and that will push prices up. However you and I know that nothing is eternal. The trick is to take advantage of the boom times so you can ride out the bad times.

Those who allows themselves to just drift aimlessly in life will always lose out no matter what happens.

 

[Leongsam]

With or without the person, many ordinary Singaporeans would still become millionaires. The HDB flat ownership benefitted one famiLEE the most. That part of history cannot be changed. The public housing initiative did not come from the PAP. This part of history cannot be denied.

Without LKY Singapore would still be a fishing village.

 

[Boliao]

.. because of hdb, sg has lifted hundreds of thousands of sinkies out of poverty..

The increase in paper wealth is an unintended side effect when the real objectives is to lift hundreds of millions our of sinkies' CPF. In addition, where does a person stay once they sell off their HDB for profit? How much does he has to pay for his next home?

 

[Kopi0Kosong]

Yes and that is true too. If Singapore is booming then demand for housing will rise and that will push prices up. However you and I know that nothing is eternal. The trick is to take advantage of the boom times so you can ride out the bad times.

Those who allows themselves to just drift aimlessly in life will always lose out no matter what happens.

BOSS, you are an intelligent person. You can read and tell...but there are many who will take the words of people of authority as the sacred truth. These are followers and it is unscrupulous and unbecoming to take advantage of these group of people.