The HDB flat is a key investment asset.....

[TerrexLee]

 

[laksaboy]

Woody Goh opened the can of worms called 'asset enhancement'. Pinky further exacerbated it with SERS and Home Improvement Programme etc.

If you don't own the land, you don't own anything. It's on lease, no matter how you try to sugarcoat it.

 

[millim6868]

61% are dumb ,lol,now they are slaving for it, n worsecwhen old got nothing,lol

 

[sweetiepie]

My wise uncle correct old fart goh words to
Hdb is a leeching tools for peasants.

 

[Willamshakespear]

It is easy to forget that back in the 60s, majority of our forefathers were living in slums with shelters made of zinc or attap wood, unhygenic & water pumped from rivers or catchment areas, under colonial Brit rule, all land belonging to the Crown. Even the rich could only buy land on 999yr lease. NO ONE own land except the Crown.

Most of the population were considered squatters & could face eviction with just 1 days notice.

Ownership of land changed once independence was won thru sheer grit, courage, determination, hardwork by our great founding & forefathers. The land now belongs to us - taxpaying citizens thru an existing govt bound by the constitution & Rule of Law.

Although each were given a lease ownership of 99 yrs as home with better utilities, it would last more than the average lifespan of 83yrs of a citizen. Even with SER, citizens would be given replacement homes, with choice to sell or top up costs, to free up scarce land space for other citizens to live.

Would one prefer to be a squatter under colonial rule who faces eviction any day or be a citizen with 99yr Rule of Law leased home?

 

[SheRa]

Its just a roof over head, get over it as nothing lasts forever.

 

[blackmondy]

Only in a totalitarian regime can your liability becum an asset. If it is indeed an asset, then why can't it be used as collateral for the bank ?

 

[Boliao]

It is easy to forget that back in the 60s, majority of our forefathers were living in slums with shelters made of zinc or attap wood, unhygenic & water pumped from rivers or catchment areas, under colonial Brit rule, all land belonging to the Crown. Even the rich could only buy land on 999yr lease. NO ONE own land except the Crown.

OMG, what utter nonsense! Where do you think freehold land came from? The Brits own shit in Singapore; the even the lands Raffles bought from the local Sultanate were own by the British India Company. Please go read up history. The Singapore government amended the Land Acquisition Act so they can acquire land from locals for state use. The government, through the acquisition act, forced local to sell their land and put them up in public housing/ HDB. Many had to sell their farms, land, homes because of the Act. Thankfully, they were well compensated and HDB were cheap then.