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

True Believer said:
The govt's policy is to allow leases to expire rather than offering renewals, to ensure land can be reallocated.
Click to expand...
On expiry,will the tenants (lessees) be reallocated another new HDB flat like enbloc flats ? Maybe depends on the govt of the day 50 years later.:biggrin:
 
jsctan said:
Depends on HDB. Private 99 yrs can sell to developer to top up, rebuild.
Click to expand...
The major difference between HDB flats and private leasehold condos is the option of a collective sale. The en bloc allows a majority of condo owners to sell their entire estate to a developer who converts the land into a new project. This is a significant factor for private leasehold properties, since it offers a way for owners to realise significant profits before the lease expires.
 
True Believer said:
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.
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Brainless stoopid sinkie should sue LKY's estate, PAP and every PAP politician who have said that they OWN their flats. It was an obvious like and outright fraud to convince people to pay for those flats under the guise of ownership.
 
batman1 said:
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 ?
Click to expand...
are you stupid. Show me where it says that on the lease? Also, show me where it says the govt will do that. These kind of cheaply made flats in a tropical island can last for more then 99 years mah? U are really are stupid.
 
batman1 said:
On expiry,will the tenants (lessees) be reallocated another new HDB flat like enbloc flats ? Maybe depends on the govt of the day 50 years later.:biggrin:
Click to expand...
on the expiry of the 99 years, u must surrender the flat for no compensation. Read your lease. Don't have to depend on govt. Lawless Wrong already said that.
 
Papsmearer said:
Brainless stoopid sinkie should sue LKY's estate, PAP and every PAP politician who have said that they OWN their flats. It was an obvious like and outright fraud to convince people to pay for those flats under the guise of ownership.
Click to expand...
According to HDB’s flash estimates released on 2 Jan, resale flat prices rose by 9.6% in 2024. This almost doubles the 4.9% increase recorded in 2023. What happened to the govt’s assurance that public housing in S'pore remains affordable and accessible to citizens.
 
Papsmearer said:
on the expiry of the 99 years, u must surrender the flat for no compensation. Read your lease. Don't have to depend on govt. Lawless Wrong already said that.
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You hit the nail squarely on its head. According to the HDB lease agreement, when the 99-year lease on a flat expires, the lessee must surrender the flat back to the HDB without receiving any compensation, as the lease of the unit reverts back to the state; meaning the flat essentially becomes worthless at the end of the lease period. HDB buyers have absolutely no share of the land where their block stands on - unlike private condo owners.
 
True Believer said:
You hit the nail squarely on its head. According to the HDB lease agreement, when the 99-year lease on a flat expires, the lessee must surrender the flat back to the HDB without receiving any compensation, as the lease of the unit reverts back to the state; meaning the flat essentially becomes worthless at the end of the lease period. HDB buyers have absolutely no share of the land where their block stands on - unlike private condo owners.
Click to expand...
U are correct. Thanks for the clarification.:biggrin:
 
True Believer said:
According to HDB’s flash estimates released on 2 Jan, resale flat prices rose by 9.6% in 2024. This almost doubles the 4.9% increase recorded in 2023. What happened to the govt’s assurance that public housing in S'pore remains affordable and accessible to citizens.
Click to expand...
A fool is born every minute. Lack of ability to self reason and govt propaganda has psycho these idiots into buy over price flats they don't own.
 
There are many underhand methods used by cockroach agents.
This is just 1 of it.
Giving a fine and suspension is too light a sentence.
Need to be jailed.
 
sbfuncle said:
There are many underhand methods used by cockroach agents.
This is just 1 of it.
Giving a fine and suspension is too light a sentence.
Need to be jailed.
Click to expand...
When you invite a agent to sell your house, you are directly inviting cockroach in.
Once a friend of mine was willing to buy a flat with a $x amount that was agreeable by the seller.
But becos my friend doesn't want to have agent involved in the process, the seller agent refused to let my friend to buy it even the seller wanted to sell.
After that my friend secretly went to knock on the seller door, and seller told him I'm very keen to sell to you but I already signed the exclusive selling rights to the agent.
LOL
 
Papsmearer said:
A fool is born every minute. Lack of ability to self reason and govt propaganda has psycho these idiots into buy over price flats they don't own.
Click to expand...
Most S'poreans actually believe they don't have a choice, but accept this govt's crap. Our leaders have mastered the art of "legalised plunder".

LHL Money.jpg
 
The basic structure of the mafia and criminal organisations revolve around the protection racket. It operates on the principle of territorial control, where people and businesses within the mafia's domain are forced to pay a fee for protection. This involves protecting against external and internal threats; not complying results in punitive measures. Historically, govts like the PAP have adopted a similar model, using less violent means such as taxes. Both systems involve extraction of money in exchange for protection.
 
True Believer said:
The basic structure of the mafia and criminal organisations revolve around the protection racket. It operates on the principle of territorial control, where people and businesses within the mafia's domain are forced to pay a fee for protection. This involves protecting against external and internal threats; not complying results in punitive measures. Historically, govts like the PAP have adopted a similar model, using less violent means such as taxes. Both systems involve extraction of money in exchange for protection.
Click to expand...
You missed the target completely. Ask yourself why a small country like Brunei, don't even have tanks, or a jet fighter or NS, and yet they are sitting on billions of dollars of oil and natural gas. Why are they not afraid of invasion? But why we have nothing and yet are armed to the teeth? Our SAF equipment and training bears no resemblance to fighting in an urban environment. It's designed as an offensive weapon. Now ask yourself how much money FamiLee is getting to run this protection racket for the Brunei royal family.
 
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