Owner loses 5-room HDB flat after renting it out illegally

[Taylorshit]

https://urlr.me/RpQ5jC

 

[A Singaporean]

When you own a GCB, no one has the balls to touch you.

 

[jsctan]

HDB is just a 99 years lease. Just a tenant.

 

[jsctan]

When you own a GCB, no one has the balls to touch you.

Rich out is rented & LT now kenna fixed. Who still dare to speak out with organ of state coming at you?

 

[myfoot123]

https://urlr.me/RpQ5jC

That guy not so lucky, but there are many many lucky ones who managed to get away. I am glad we now have PLUS and PRIME flat.

 

[Aaron carter]

Someone prob bunknifed him

 

[WangChuk]

go MP and send email to PMO ... stir stir big big .... erection period confirm can get them to deal with their servants one ....

 

[batman1]

The owner think his hdb flat is a GCB.555

 

[myfoot123]

Now his 5-room flat will be placed in the next round of SBF.

 

[mojito]

No such thing as loose lah. Breaching tenancy just means remaining lease refund. Net gain.

 

[Papsmearer]

https://urlr.me/RpQ5jC

Obviously he is not an owner, are u stupid?

 

[True Believer]

When you own a GCB, no one has the balls to touch you.

The truth is that HDB dwellers are only lessees (tenants) while the real owner is the HDB who is the lessor (landlord). Genuine owners cannot be evicted from their own property.

 

[True Believer]

The owner think his hdb flat is a GCB.555

HDB residents are mere tenants - not owners.

 

[True Believer]

Obviously he is not an owner, are u stupid?

HDB dwellers do not possess a strata title - unlike condo owners.

 

[True Believer]

Housing Board flats, which are subsidised by the Govt, are community properties sold under lease agreements that contain an assortment of rights that fall short of full ownership. This legal void leaves residents of HDB units with a great deal of limitations over their rights. Public flat dwellers are likely to have their homes confiscated if they fail to comply with the restrictive terms and conditions.

 

[ftan42]

The terms and conditions are always to their advantage, as they can be devastating with just a stroke of a pen

 

[True Believer]

HDB is just a 99 years lease. Just a tenant.

Unlike owners of leasehold condos, HDB dwellers are not permitted to use even their fully paid-up flats as collateral to banks, to raise credit facilities for private loans. HDB also refers to flat owners as tenants, and those who rent from the owners as sub-tenants. These raises serious questions about whether HDB residents truly own their flats.

 

[jsctan]

Unlike owners of leasehold condos, HDB dwellers are not permitted to use even their fully paid-up flats as collateral to banks, to raise credit facilities for private loans. HDB also refers to flat owners as tenants, and those who rent from the owners as sub-tenants. These raises serious questions about whether HDB residents truly own their flats.

Only own the unit if Freehold. The interesting part is HDB lessee is allowed to take a loan for renting the pigeon hole. Should also let tenant has a choice to get shorter lease & no need for loans.

 

[batman1]

Unlike owners of leasehold condos, HDB dwellers are not permitted to use even their fully paid-up flats as collateral to banks, to raise credit facilities for private loans. HDB also refers to flat owners as tenants, and those who rent from the owners as sub-tenants. These raises serious questions about whether HDB residents truly own their flats.

On expiry of the 99 year leasehold HDB flats,will the tenants (lessees) be allowed to top-up (renew) the lease (another 99 year) for their HDB flats ?

 

[True Believer]

On expiry of the 99 year leasehold HDB flats,will the tenants (lessees) be allowed to top-up (renew) the lease (another 99 year) for their HDB flats ?

The govt's policy is to allow leases to expire rather than offering renewals, to ensure land can be reallocated.