Serious Why HDB Flats Value Will Never Fall To Zero? Viewer Tells YouTuber Loo That PAP Don't Dare To Make Marine Parade or Bishan Folks Homeless!

[Pinkieslut]

These low ses Sinkies will be leeplaced by high ses FTs, so fuck off!

 

[syed putra]

This sounds like communism

 

[k1976]

Singaporeans Say Air-Con, Holidays, Dining Out Are Essentials​

More than half required a trip to a Southeast Asian country every year.
Photographer: Lauryn Ishak/Bloomberg
By Olivia Poh
July 13, 2024 at 10:29 AM GMT+8


A majority of Singaporeans say that having smartphones, being able to dine out regularly, and flipping on the air-conditioning are all must-haves for living in the tropical, humid and expensive city-state.

Digital connectivity was listed among the essentials, while vacations, dining out, and staying cool all ranked highly as well, according to a study by the Singapore Management University and the Institute of Policy Studies.
https://www.bloomberg.com/tips/

 

[k1976]

These low ses Sinkies will be leeplaced by high ses FTs, so fuck off!

Rainmakers create good jobs, leemember?

 

[k1976]

This sounds like communism

Fix all your problems too

 

[k1976]

Yeah. LKY can say HDB flat will go up in value when alive. But LKY is not around now ,so the pap govt can override his decision anytime.

U can have a meet the people session in his free time slot soon...

Selamat Cina Hantu Raya in 1-2moons

 

[Vlad Tepes]

Mamy many audiences look very happy and enlightened by Good Hands

Singapore is the only place whereby private properties is almost non existent

 

[oliverlee]

time for him to crawl out from his urn and slap all the cheebai kias, especially his first spawn

 

[Papsmearer]

After expiry of 99 year leasehold hdb flat,the govt can and will take back the land.

No no no. I am not even a flat dweller and I can tell u how it's going to work. Nothing against u, but against the other moron stupid sinkies.

If the PAP wait until the 99 lease is up to take the flat back, it's already stated in the lease agreement that the flat dweller must give it back for no compensation. However this raises several issues against the PAP.

Pros:
1) The HDB will get the land and HDB block back for free. And they can do what they want with it in terms of redevelopment. Obviously, they will build bigger blocks and more units and make more money when that time comes.

Cons: And there are many
1) By taking back the flats after 99 years with no compensation, they will create a lot of political ill will and it will be like committing political suicide. They will lose massively at the polls
2) A fair number of people will end up on the streets sleeping in void decks etc. after losing their flats. This creates social problems and again, political ill will for the PAP
3) The HDB will have to bear the expenses of repairing old flats as they wind down to 99 years. If the flats even last that long.

So what is a win win solution for the PAP?

1) They will take the flat back from the peasants around the 40-60 year mark. They will not let it wind down to 99 years. They will launch a con job and tell the flat dwellers that they will exchange them a new flat with a brand new 99 year lease. But they need to top up because the newer flat market value is more then their old flat. But no to worry, the top up can take out from CPF. For those who don't have money or don't want to top up, they will take the market valuation (which will always be less then what it is actually worth), and deduct any money owing from CPF down payment or house loan, and tell them to fuck off. But if they want, they can put them on a priority list for next available flat, but have to use your pay out money to put down payment. In the end, it all still flows back to the HDB. That is a win for the PAP.

The Peasants think its a win because now they are in a new 99 year lease flat. The flat is not in a great area, and also smaller size. But with the brain washing to come from ST and PAP, they will think they strike lotto. No one tells them they are indebt again after having paid off their old flat. No one tells them they have a bank loan to pay again and limited or fix income to pay it with.

And that children, is how the PAP will do it.

 

[cocobobo]

Just kick the can down the road... sop of politics

 

[Sinkiesuk]

Omg, sinkie flat aft 99 yrs worth nothing. Even ah tiong gov house aft yr lease finished, the gov give peo money.

 

[syed putra]

Singapore is the only place whereby private properties is almost non existent

Malays found that out the hard way even if they had freehold.

 

[syed putra]

Omg, sinkie flat aft 99 yrs worth nothing. Even ah tiong gov house aft yr lease finished, the gov give peo money.

You want communism or capitalism?

 

[myfoot123]

1/3 of Sinkie (now in their 30s) population who worry about decaying HDB won't be around by then. It takes 7th Gen PM to actually come out with the plan for decaying property and provided Sinkieland is still around if 3rd world war didn't break out.

Lawrence Wong and all the 5th and 6th Gen of leaders can sit easy in parliament for now. I wonder who will become the 7th PM of Singapore by then? May be, one of them are now still schooling or in his teenage years. By worrying too much won't add another year into your life or lease. No point having the best property with the longest lease on the planet and living a shitty life with shitty people. As such, enjoy having a proper roof over your head, keep yourself warm, eat healthily and live happily that matters more than everything else.

 

[spinn]

lol sinkie kgness is nonpareil

 

[Sinkiesuk]

You want communism or capitalism?

Not much difference here. Here let foreigners invest land and steal jobs. At least ah tiong there still protect his own peo.

 

[Sinkiesuk]

1/3 of Sinkie (now in their 30s) population who worry about decaying HDB won't be around by then. It takes 7th Gen PM to actually come out with the plan for decaying property and provided Sinkieland is still around if 3rd world war didn't break out.

Lawrence Wong and all the 5th and 6th Gen of leaders can sit easy in parliament for now. I wonder who will become the 7th PM of Singapore by then? May be, one of them are now still schooling or in his teenage years. By worrying too much won't add another year into your life or lease. As such, enjoy having a roof over your head and live happily for now.

Might need to use media make them pai seh. The most local no house stay at rental houses or become like HK stay at the roof top small house or become beggars sleep in the streets. Let jihu kia laugh at sinkie.

 

[k1976]

No no no. I am not even a flat dweller and I can tell u how it's going to work. Nothing against u, but against the other moron stupid sinkies.

If the PAP wait until the 99 lease is up to take the flat back, it's already stated in the lease agreement that the flat dweller must give it back for no compensation. However this raises several issues against the PAP.

Pros:
1) The HDB will get the land and HDB block back for free. And they can do what they want with it in terms of redevelopment. Obviously, they will build bigger blocks and more units and make more money when that time comes.

Cons: And there are many
1) By taking back the flats after 99 years with no compensation, they will create a lot of political ill will and it will be like committing political suicide. They will lose massively at the polls
2) A fair number of people will end up on the streets sleeping in void decks etc. after losing their flats. This creates social problems and again, political ill will for the PAP
3) The HDB will have to bear the expenses of repairing old flats as they wind down to 99 years. If the flats even last that long.

So what is a win win solution for the PAP?

1) They will take the flat back from the peasants around the 40-60 year mark. They will not let it wind down to 99 years. They will launch a con job and tell the flat dwellers that they will exchange them a new flat with a brand new 99 year lease. But they need to top up because the newer flat market value is more then their old flat. But no to worry, the top up can take out from CPF. For those who don't have money or don't want to top up, they will take the market valuation (which will always be less then what it is actually worth), and deduct any money owing from CPF down payment or house loan, and tell them to fuck off. But if they want, they can put them on a priority list for next available flat, but have to use your pay out money to put down payment. In the end, it all still flows back to the HDB. That is a win for the PAP.

The Peasants think its a win because now they are in a new 99 year lease flat. The flat is not in a great area, and also smaller size. But with the brain washing to come from ST and PAP, they will think they strike lotto. No one tells them they are indebt again after having paid off their old flat. No one tells them they have a bank loan to pay again and limited or fix income to pay it with.

And that children, is how the PAP will do it.

No walloorry， we are in Good Hands mah

 

[k1976]

Might need to use media make them pai seh. The most local no house stay at rental houses or become like HK stay at the roof top small house or become beggars sleep in the streets. Let jihu kia laugh at sinkie.

Many many true born sinki have mental problems nowaday

 

[Willamshakespear]

The insignificant nobody me is astounded by the ignorance & mathematical failures based upon facts displayed on this thread/

1. What age would a habitant of 99 yrs leasehold HDB home buys at?

It is between the age of 20s to 30s.
Assuming a couple bought a HDB home in their 30s, & LIFE EXPECTANCY of Singaporeans is at 83yrs, it would mean the owners would had passed on EVEN before that 99yr HDB lease expires.


2.There's the CONSIDERATION about the owner couple kids - What about them?

Assuming a couple had kids at the age of 30, their kids would be at average of 69 yrs old when the 99 yrs old HDB lease expires.
HOWEVER, do consider, most & large percentage of new & young kids would rather have their own homes, & thus the next generations WILL have new 99yrs old HDB leases....

Consider also the rise of income. A couple who bought their HDB flat with no frills in 1965 costs only $15K, but their avg salaries were ONLY $300/mth.
Today, a new young couple's avg salary in Singapore is between $3K to $5.....with more spending power, along with GENEROUS subsidies by taxpayers whom will NOT leave anyone behind to own their homes, far better with more amenities & better modern fixtures...

3) At the same time, DO CONSIDER too, why HDB concept was born.

Our far sighted & visionary Founding & Forefathers lived in slums, kampungs, etc, & even saw how our neighboring countries lived the same, with little or no public utilities services such as electricity, water, paved roads, etc, etc.

While our horizontal landspace is small, our vertical landspace is unlimited less those of on flight corridors. & thus HDB was meant to be better & more Humane means to give every citizen a chance at better amenities & shelter.

As for profiting from such noble cause, it was unknown at that time as uncertainities were many - vietnam war, oil crisis, Indon racial supremacy & Communists battles, etc, etc. Despite all that, our Founding & Forefathers persevered, never gave up, to give us our todays.

For profiteers who aim to game the system,. they are on their own, & will receive no help from our hardworking taxpayers....Our visionary far sighted Founding & Forefathers were idealistic but were pragmatic & not stupid.....