Think, 80% do not own HDB pigeon holes !

[Tiu-leh-see-fart]

If you think you own a HDB flat, ask the town council.

You are merely a leaseholder!

when you have paid up the value of the HDB flat in 20 years, you have already paid up twice the amount of the buying price.

The profit to HDB is residual, it means Mah Boo kan's pay will rise like nobody business.

when you sell your HDB flat, you are just transferring the lease to the buyer .

when town councils can move the sinking funds at will, it further confirms that HDB is the owner of the HDB flats. Town councils are agents of the owner (HDB). You are a tenant.

of course, the fat -healthcare minister cow will defend the agents rather than tenants. Some of his fat pay comes from the property taxes.

Spread the words, HDB dwellers are not owners of HDB pigeon holes. Only 20 % living in singapore has their own houses. 80% are conned to dry up their CPF money

 

[dysentry]

heard that HK garment flats are 50 years lease only

 

[zhihau]

You are merely a leaseholder!

it's a false sense of ownership only

 

[Neh_Neh_Pok]

People Pay And Pay for years to pay off the HDB loans and debts and end up their house is still under the property of the Govt
Pay And Pay promised to upgrade lifts and still we people Pay And Pay for the upgrades.
Whatever the Pees promised upgrading projects in GE, in the end we people still need to Pay And Pay

 

[zhihau]

heard that HK garment flats are 50 years lease only

i heard the HK public housing are smaller too?

 

[shelltox]

If you think you own a HDB flat, ask the town council.

You are merely a leaseholder!

when you have paid up the value of the HDB flat in 20 years, you have already paid up twice the amount of the buying price.

The profit to HDB is residual, it means Mah Boo kan's pay will rise like nobody business.

when you sell your HDB flat, you are just transferring the lease to the buyer .

when town councils can move the sinking funds at will, it further confirms that HDB is the owner of the HDB flats. Town councils are agents of the owner (HDB). You are a tenant.

of course, the fat -healthcare minister cow will defend the agents rather than tenants. Some of his fat pay comes from the property taxes.

Spread the words, HDB dwellers are not owners of HDB pigeon holes. Only 20 % living in singapore has their own houses. 80% are conned to dry up their CPF money

No human can cliam perpetual ownership of anything.
i.e. if you were are landlord in China (pre communist) owning thousands of acres. After Mao took over, the land reverted back to the states and you become a landless comrade. These happened frequently over the course of history.

Even if you own a freehold land in Singapore after you are gone , your descendants may squander all your wealth away.

 

[Tiu-leh-see-fart]

HDB pigeon holes are public houses.
They are built for commoners and not for profit.

The lease may be longer than other countries but the price to lease is far too high. When private houses price drop, HDB lease price shoots up like nobody business.

HDB lease is overpriced and still 80% dont get land title.

Yes, many things are not forever but wiping clean the hard-earned CPF money by using overpriced HDB lease to suit one familee is worse than corruption.

 

[0939]

You have one life, so live the most of it. At least we have a decent roof over our head.
If you so concerned, sell your HDB and migrate somewhere, and its back to square one.
Well, like the Patek Phillipe says. We don't own it but merely look after it for the next generation.

 

[zhihau]

Well, like the Patek Phillipe says. We don't own it but merely look after it for the next generation.

heheh...

you forgot to add that the next generation may need to return the pigeon hole back to HDB at the end of the 99 year lease

 

[Tiu-leh-see-fart]

yes, of course it's a practical idea to get out of one country permanently if one hates the country.

but to emigrate simply becos of housing policy is not worth awhile.

if you leave, PAP wins !

if we stay, we are not talking about opposing PAP which you wont win.

but at least we could educate the young , those fail in maths, and many others about the high HDB lease that will dry up the CPF funds leaving nothing for retirement. Singapore is not a welfare state, no money when you are old, you die your business.

HDB though a decent shelter, it takes a life time to pay nowadays especially the resale flats---no cash for COV, you join the long HDB queue.

Land-scare island will suffocate to death with more concrete jungles to house more foreigners wontonly.

hopefully, when the local younger generation knowing the truth would vote against PAP and bring the oppression to an end.

if PAP continues to rule. The younger generation may have to ask for one-room flats in the future.

Singapore does not belong to one familee or PAP, why make things easy for them .

 

[depeche]

If you think you own a HDB flat, ask the town council.

You are merely a leaseholder!

when you have paid up the value of the HDB flat in 20 years, you have already paid up twice the amount of the buying price.

The profit to HDB is residual, it means Mah Boo kan's pay will rise like nobody business.

when you sell your HDB flat, you are just transferring the lease to the buyer .

when town councils can move the sinking funds at will, it further confirms that HDB is the owner of the HDB flats. Town councils are agents of the owner (HDB). You are a tenant.

of course, the fat -healthcare minister cow will defend the agents rather than tenants. Some of his fat pay comes from the property taxes.

Spread the words, HDB dwellers are not owners of HDB pigeon holes. Only 20 % living in singapore has their own houses. 80% are conned to dry up their CPF money

Yes...it is already a well known fact...however, people still wanted to believed in homeownership...let it be!

 

[0939]

So far none of us have seen to the end of 99 years lease. So far 99-yr lease private
properties will get renewal, be it en bloc or otherwise. As for HDB, we don't think the flats
can last 99 years. Up to the most 40 years you will be relocated to a new flats, thus
renewing another 99 years one. The old estate will build newer and modern flats just like
Pinnacle. This trend will go on, just like we human beings life will go on.

 

[shelltox]

HDB pigeon holes are public houses.
They are built for commoners and not for profit.

The lease may be longer than other countries but the price to lease is far too high. When private houses price drop, HDB lease price shoots up like nobody business.

HDB lease is overpriced and still 80% dont get land title.

Yes, many things are not forever but wiping clean the hard-earned CPF money by using overpriced HDB lease to suit one familee is worse than corruption.

Since you so against public housing , it would be better to rent a house instead and even a small HDB flat 's rental is above 1k.
The public houses in honk kong is not cheap either.

 

[Cestbon]

99 year lease is good enough for anyone. How many people will leave for 130 year assuming average HDB buyer are 30 year old.
Many HDB flat(pigeonhole) will be endblock before reaching 40 year and on average leass than 30 year old.

 

[Zeitgeist]

Usually the case when the blocks are in an an area that had suddenly attracted the eyes of developers from both private and public sectors, like in the vicinity of MRT stations or popular high end clusters of Condominiums. Examples I can think of are Hillview Ave and Bedok Sth Ave 3 areas. Any others to share?

 

[dysentry]

Tanjong Pagar, Marine Crescent, Rochor, Selegie, Upper Cross ... which of these old HDB flats will go first?

 

[zhihau]

So far none of us have seen to the end of 99 years lease. So far 99-yr lease private properties will get renewal, be it en bloc or otherwise. As for HDB, we don't think the flats can last 99 years. Up to the most 40 years you will be relocated to a new flats, thus renewing another 99 years one. The old estate will build newer and modern flats just like Pinnacle. This trend will go on, just like we human beings life will go on.

ooo... that sure sounds like paying more and more, it's good for stimulating the economy

can i don't pay? :p:p:p

 

[angie II]

ooo... that sure sounds like paying more and more, it's good for stimulating the economy

can i don't pay? :p:p:p

"But my party is Pay And Pay hehehe"
​

 

[Papsmearer]

No human can cliam perpetual ownership of anything.
i.e. if you were are landlord in China (pre communist) owning thousands of acres. After Mao took over, the land reverted back to the states and you become a landless comrade. These happened frequently over the course of history.

Even if you own a freehold land in Singapore after you are gone , your descendants may squander all your wealth away.

Of course u can. If u have the rule of law in the land, u can have perpetual ownership. Just look at france, Britain, italy, etc. There are properties there that have been own over hundreds of years by the generations of the same family. And will be continued to be owned into perpetuity as long as the successore decide not to sell.

 

[Papsmearer]

You have one life, so live the most of it. At least we have a decent roof over our head.
If you so concerned, sell your HDB and migrate somewhere, and its back to square one.
Well, like the Patek Phillipe says. We don't own it but merely look after it for the next generation.

U are missing the whole point of the thread. the govt. hammers it into our head that we "own" it. If they admit that we are merely looking after it for them, than that is different.