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!

[laksaboy]

If you still see and define 'value' in terms of dollars and cents, you have lost the plot.

Enjoy getting sodomized by the PAP regime, I'm sure you will appreciate the value in bending over for them.

 

[laksaboy]

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.

So pek chek, might as well rejoin Malaysia lah. Learn to sing Negara Ku, musically it sounds better than that one composed by the fraud Zubir Said.

Woody Goh let the genie out of the bottle when 'asset enhancement' was imposed upon public housing, which was then used for political leverage during elections. Fast forward almost two decades later, and here we are.

 

[GUDANGARAM]

Cpf
And Hdb are both scam

 

[spinn]

lol these r the 2 biggest scasms

mani mani moar eg nirc (ne investment return contribution) water tax gst etc

how else to fund their astronomical celeries n bloated political appmts n cibil serpents??

 

[syed putra]

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.

Don't over think. When the time comes it comes.

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.....

In other countries properties are investment. In sinkie, it's a wealth destroyer.

 

[batman1]

Cpf
And Hdb are both scam

Tripartism also. 555

 

[laksaboy]

A house is not a home. That's why I take umbrage at those who insist that 'home ownership' is an actual thing.

 

[Papsmearer]

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.....

U forgot one major thing, your brainless cow. HDB flats are build with the cheapest materials, using the cheapest lowest train bangla or thai workers, and cheaply designed. What on earth makes u think they will last 99 years? Very few mid rise buildings in the world last 99 years. Much less in this tropical heat and humidity. They will be structurally unsafe decades before the 99 years is up.

 

[nabeifuckpap]

U forgot one major thing, your brainless cow. HDB flats are build with the cheapest materials, using the cheapest lowest train bangla or thai workers, and cheaply designed. What on earth makes u think they will last 99 years? Very few mid rise buildings in the world last 99 years. Much less in this tropical heat and humidity. They will be structurally unsafe decades before the 99 years is up.

Ask those in Toa Payoh and Queens areas their HDB is fucking old its a miracle it still can last till today, AMK Yishun Marsiling 2nd oldest 1970s

 

[syed putra]

Ask those in Toa Payoh and Queens areas their HDB is fucking old its a miracle it still can last till today, AMK Yishun Marsiling 2nd oldest 1970s

Those were built using older technologies.
The new ones should last.

 

[Hightech88]

Of course will fall to zero. HDB is a ranjiao xia suay property meant to deceive kum gong Sinkies. Sinkies are forced to pay for land costs at market rate for HDB but without being issued a strata title this means when it comes to 'enbloc' kumland HDB 'owners' are not only forced to vacate without being compensated but have to go thru ranjiao VERS/SERS scheme to cough out even more money to top up the difference in lease, as already happened in many estates.

So no strata title, means it's not only zero value when lease expires but will even tio the ranjiao VERS/SERs nonsense with negative value and ROI, LOL.

Whereas for leasehold condo owners like myself, all our property comes with strata title, and that's a farking real piece of property because when tio enbloc, we huat like no tomorrow whereas HDB owners has to Toh Tiap.

The Gov must either give HDB owner's a strata title since they are being forced to pay for land costs, else remove the ranjiao land costs altogether so that the poorer coolie genes Sinkies at least have more money when they reach 55 and not being all sucked by HDB prices with little money in CPF when they retire.

Else the whole country will be doomed.

See the PCB Dishonorable Son's deceptive argument that HDB ' is yours.'

https://mothership.sg/2018/08/hdb-99-year-lease-private-property/
" Following his National Day Rally 2018, PM Lee said on Aug. 24: "HDB lessees have all the rights over their flats that owners of such leasehold private properties have. You can live in it, you can transact it, you can bequeath it to your children -- it is yours."

PM Lee also said that he found the argument by some commentators on why the lease is merely an extended rental "frankly amazing"."

https://www.facebook.com/permalink....HVKyTA2HK5l&id=100000779909212&ref=embed_post

" Since the issue of redevelopment is topical it is necessary to differentiate condos and hdb flats since both are on 99year leased land. In the case of private condos, many are on 99year leases but all the units have a strata title.

A strata title defines the unit size and its undivided share of the land. For example, lets say there are 100 units in the condo, therefore each unit strata owner has a 1/100 share of the land should the condo be enblocked to a new developer. Say there are 50 years left of the lease.

The new developer pays to SLA a top-up sum based on a formular to bring the lease back up to its original 99year tanure status. Usually developers do enblock purchases because URA has assigned increased plot ratio. This enhanced plot ratio is a previlege that has to be purchased. It is not an entitlement. In the case of HDB flats 'owners' have only purchased a 99year lease. They have no share of the land unlike private condos sold under strata title.

The simple difference is one is a strata title and the other is only a lease even though both lands are 99year leases. It will be interesting how the compensation will be computed in VERS. "
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[k1976]

Ask those in Toa Payoh and Queens areas their HDB is fucking old its a miracle it still can last till today, AMK Yishun Marsiling 2nd oldest 1970s

U see those 1920s in Tiong Bahru.....100yrs liao

 

[batman1]

The PAP cover up the difference between 99 year leasehold with strata title and 99 year leasehold with lease title.