[Sg] - PAP Desmond Lee: Capping HDB ownership to 99 years is for Singaporeans' own good

[UltimaOnline]

 

[Charlie99]

If it is a 99 year leasehold, then the value of the underlying land, should not be factored into the price or leasehold value of the HDB flats, because at the end of the 99 years, the flats and the land are returned to HDB.
Whereas, when the value of the land is included in the 99 year lease, the HDB is making a profit at the expense of the citizens and their hard earned CPF savings.

 

[Charlie99]

In the early 1970s, when 5 room HDB flats (those so called point blocks) were about $25,000 to $30,000, it was a fair price fir 99 year leasehold.
If present day price for a 5 room HDB flat is about $500,000, then it may still be a fair price.

 

[A Singaporean]

Fucking your arse is good for you too.

 

[bobby]

Everything that PAP does for you is for your own good….eg COE, ERP, return trays, GRCs, corruption, POFMA, Ridout, $m ministers salary, CECA etc etc

 

[Truthspeak]

If the sheeple understand what a government really is, they will not listen to them anymore.

 

[Eisenhut]

If it is a 99 year leasehold, then the value of the underlying land, should not be factored into the price or leasehold value of the HDB flats, because atbthe end of the 99 years, the flats and the land are returned to HDB.
Whereas, when the value of the land is included in the 99 year lease, the HDB is making a profit at the expense of the citizens and their hard earned CPF savings.

They can argue they factor in the opportunity cost of land use

 

[eatshitndie]

real estate ponzi scheme that is leegalized.

 

[KingFook Sr]

For land scarce SG, it is very wasteful to have freehold landed property.
A good government will take steps to right this wrong.
Sooner better than later.

 

[eatshitndie]

For land scarce SG, it is very wasteful to have freehold landed property.
A good government will take steps to right this wrong.
Sooner better than later.

won’t have a problem with land scarcity if population is capped at 3.69m including foreign workers. in other words, it’s a self-inflicted problem and 69% goondus are paying for it while 6.9% elites luxuriate themselves with freehold land ownership and ever larger gcbs.

 

[ChenShuang]

Better for pap to convert all free hold to 99 years

 

[Narong Wongwan]

In the early 1970s, when 5 room HDB flats (those so called point blocks) were about $25,000 to $30,000, it was a fair price fir 99 year leasehold.
If present day price for a 5 room HDB flat is about $500,000, then it may still be a fair price.

Fair price? In the early 1970s a freehold terrace house only cost 25k-35k

 

[eatshitndie]

Fair price? In the early 1970s a freehold terrace house only cost 25k-35k

right across from where i am a semi-d was purchased for $25k in 1969 and now it sells for $5.8m in its original 1-storey condition. developer buys it, tears it down, and is rebuilding it into a 3-storey house with 3.5 times the indoor square footage. they intend to resell it for $6.9m asking.

 

[VanDick]

Talk cock sing song again. What ownership? Dumb sinkies don't own their HDB flats. They are only leasing it from the gahment who can take them back at anytime with the stroke of a pen.

 

[searcher1]

 

[Loofydralb]

Convert all freehold to 99 years too. It will be good for ALL Singaporeans.

But these hypocrites will never do that because they want to be immune to pain.

 

[A Singaporean]

Fair price? In the early 1970s a freehold terrace house only cost 25k-35k

Furthermore floor area is much bigger.

 

[KingFook Sr]

Better for pap to convert all free hold to 99 years

It is good for all Sinkies and SG
But PAP elites all own freehold landed properties.
How?

 

[Sideswipe]

the 99 years lease is a time bomb for future govt.

 

[face the facts]

its a chicken and egg affair....PAP cheebyes take the chicken, sinkees better be happy with the egg,
btw he is UGLY