HDB clears the air on lease expiry

• Clivebenss

  7 May 10, 06:50

  May 7, 2010 - ST Forum
  

  HDB clears the air on lease expiry

  I REFER to Mr Wong Pang Yee's letter, 'Allay uncertainty over HDB leasehold' (April 13).

  HDB flats are 99-year leasehold properties. Like all leasehold properties, the land will revert to the Government when the lease on the land expires. The overwhelming majority of HDB flats today are far from expiry of their leases.

  However, some flats in older estates may be selected for redevelopment under the Selective En Bloc Redevelopment Scheme, if it is economically viable. To maintain the value of older flats, the Government has also introduced various upgrading programmes such as the Home Improvement Programme and Lift Upgrading Programme.

  Chan-Wong Jee Choo Lily (Mrs)
  Deputy Director, Policy and Property
  Housing & Development Board

• Clivebenss

  7 May 10, 14:38

  lease or leasehold??

  

• charlize

  11 May 10, 12:51

  Return to the government for $1?

• Clivebenss

  11 May 10, 12:55

  zero sum game.

  

• βέτά

  11 May 10, 13:00

   

  Negative sum game or zero sum game?

   

   

• Clivebenss

  11 May 10, 13:05

  whatever

  

• Fallen-Angel

  11 May 10, 16:43

  Clears what air =.=

• Rock^Star

  11 May 10, 16:57

  Hey what if en bloc huh? Let's say stay in this HDB for 30 years and they say en bloc. Then shift to another new HDB designated for SERS, does the lease renew to 99 or the balance is just 69?

• Rooney9

  11 May 10, 16:59

  no wonder the HDB earns so much money from us. the flats we lived belonged to the HDB after all, not ours. this type of scheme sounded like rentals. we are paying so much rent to live in a government scheme.

• Rooney9

  11 May 10, 17:00

  Originally posted by Rock^Star:

  Hey what if en bloc huh? Let's say stay in this HDB for 30 years and they say en bloc. Then shift to another new HDB designated for SERS, does the lease renew to 99 or the balance is just 69?

  99 lar lol.

• NG QIBO AARON AUBREY

  11 May 10, 17:01

  no one will live till the lease expire one lah!

• βέτά

  11 May 10, 17:11

  Originally posted by Fallen-Angel:

  Clears what air =.=

   

  The Minister just farted, so she help clears the air.

   

   

   

   

• Rooney9

  11 May 10, 17:13

  this type of scheme sounded like communism / socialism to me.

• βέτά

  11 May 10, 17:14

   

  But communist China is 70 year leasehold, Singapore is much better still have extra 29 years.

   

   

• we sacrifice

  11 May 10, 17:17

  . . .. .  .. .    not worthy buy HDB  .. . .   more expensive than condo n pte apts  . ..

   /.. . ..   sounds a scam . ..

• NG QIBO AARON AUBREY

  13 May 10, 20:44

  Originally posted by we sacrifice:

  . . .. .  .. .    not worthy buy HDB  .. . .   more expensive than condo n pte apts  . ..

   /.. . ..   sounds a scam . ..

  singapore has the best pubic housing

• Clivebenss

  14 May 10, 07:47