The Solution to Runaway Affordability of Landed Freehold Houses?

[Loofydralb]

https://www.businesstimes.com.sg/op...ded-home-does-not-imply-lower-standard-living

I have said it before and will say it again.

The root cause is the non level playing field that freehold and 999year leases endow on the owners and their inheritors.

Remove the freehold and 999yr clauses. Introduce 99year limits on ownership and you will see all classes of properties trend down.

 

[syed putra]

https://www.businesstimes.com.sg/op...ded-home-does-not-imply-lower-standard-living

I have said it before and will say it again.

The root cause is the non level playing field that freehold and 999year leases endow on the owners and their inheritors.

Remove the freehold and 999yr clauses. Introduce 99year limits on ownership and you will see all classes of properties trend down.

That was how lky impoverished the Malays. He seized their freehold land and built hdb to house them instead.

 

[syed putra]

The kampung house not touched by PAP belongs to non Malays.

News
Last kampung house in Geylang for sale at $9.2 mil
By Cecilia Chow | February 6, 2024

The kampung house built 70 years ago is the last such property in the Geylan/Aljunied area (Photo: KL Yeo/Huttons Asia)
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Until last July, Mr Saw had lived in the same kampung house in Geylang, where he was born over 60 years ago. It sits at the corner of Lorong 19 Geylang, just off Sims Avenue.

His father and three of his friends had purchased the piece of land from a Malay gentleman in 1951, Saw relates. They each took a quarter stake in the land and shared in the construction of the house, which was built in 1954. The house has four separate units, each with its own entrance. There are two units on the first and two on the second level

And this one

Owner of Singapore’s last “kampung” refuses to sell her land, now valued at nearly RM225 million (S$70 million)​

• 29-09- 2024 05:26 PM

Wan & Zal on TikTok/Grps on Wikipedia
KAMPONG Lorong Buangkok, the last remaining village in Singapore valued at SGD 70 million (RM225 million), has gained attention recently on social media.
In a TikTok video by Wan & Zal, a duo known for exploring properties in Singapore, they showcase the village and its place in the local landscape.
The village stands strong thanks to its owner, Sng Mui Hong.

 

[winners]

That was how lky impoverished the Malays. He seized their freehold land and built hdb to house them instead.

For once, I agree with you. In the late 70s, they took away the slums from Kampung Eunos and built 99-years leasehold HDBs on that same land.