You Are The Owner Of Your HDB Flat?

last SG · 2012-05-03T09:47:08+00:00

Owning a HDB lease is different from owning a freehold lah.If u own a freehold , u can get a mortgage using your property as collateral.If u own a leasehold...

lce SG

they are just a bunch of unscrupulous businessmen with the power to monopolise to exploit the netizens

the meaning of "Public Housing" should be redefine in our vocabulary

jojobeach SG

In order for unscrupulous businessmen to succeed, there must be people willing to be fooled by them.

Hdb, is essentially a front loaded lease of 99 years.

Ever wonder ..What happens when a PR walks away from Singapore, abandoning their mortgage payment n hDb flat ?

Say..the flat is purchased from Hdb, n loan taken fron hdb..at 2.6% internet rate.

lce SG

In order for unscrupulous businessmen to succeed, there must be people willing to be fooled by them.

Hdb, is essentially a front loaded lease of 99 years.

Ever wonder ..What happens when a PR walks away from Singapore, abandoning their mortgage payment n hDb flat ?

Say..the flat is purchased from Hdb, n loan taken fron hdb..at 2.6% internet rate.

seems u dun even read or a brain

u got big mouth?

jojobeach SG

seems u dun even read or a brain

u got big mouth?

Lol !

Yeah, I know right ... it's too hard for u to comprehend.... Oh well !

FunGuyWorkaholic SG

You all ever wonder, what happens during that 10 years period when all the 99 years hdb lease up? lol... I suspect, there will be alot of homeless people suddenly old/no job/no money get new place.

jojobeach SG

You all ever wonder, what happens during that 10 years period when all the 99 years hdb lease up? lol... I suspect, there will be alot of homeless people suddenly old/no job/no money get new place.

My holy prediction is.. By then hor.... LHL already retired , No third generation Lee in PAP... Then finally they tell opposition party.. " nah..u want Singapore so badly right, now u can have her , hav fun n bye bye !"

Some times I wonder if jacking up their salary now is part of their exiting strategy in the near future. - Take as much as u can before the big cave in... That's typical human behavior.

the Bear SG

FunGuyWorkaholic SG

This girl quite cute looking leh... help me get her number then I date her out... thanks.

the Bear SG

This girl quite cute looking leh... help me get her number then I date her out... thanks.

you can go ask Channel News Asia

sgdiehard SG

Some times I wonder if jacking up their salary now is part of their exiting strategy in the near future. - Take as much as u can before the big cave in... That's typical human behavior.

your holy prediction is indeed very holely...

99 years starting from 1967 would be 2066, you think LHL can live 114 years?

if you buy your HDB flat at the age of 20, would you live till 119 to see the lease expire? where your home would be then I don't know, definitely not in HDB flat....otherwise, haunted HDB, hmmmm prices will come down very fast. hahahah...

We may not wait for 10 years before the least expire, 20 years down the line when government need to build higher flat to accommodate more people...we will sell en bloc !!!!!! huat ahhhh.....

you would wish you were in singapore..so don't be pessimistic...

eagle SG

Two sides to a coin :)

jojobeach SG

your holy prediction is indeed very holely...

99 years starting from 1967 would be 2066, you think LHL can live 114 years?

We may not wait for 10 years before the least expire, 20 years down the line when government need to build higher flat to accommodate more people...we will sell en bloc !!!!!! huat ahhhh.....

you would wish you were in singapore..so don't be pessimistic...

Where got pessimistic lah ...I very possimistic.. ok... You know how old LKY now ? That old man can live so long.. his son likely live longer.. (genetics and medical advancements).

Gahmen enbloc.. where you think the money to pay off these lease holders come from ? If only we can pluck money out of them ministers ass... then ok lah... they are worth paying millions hor..

jojobeach SG

Copy from condo forum . Why isn't MND listening ? R they just acting blur ?

http://www.straitstimes.com/ST%2BForum/Story/STIStory_240611.html

May 24, 2008

FINE-TUNING HDB FLAT APPLICATIONS

System should be based on preferences, not luck

I REFER to yesterday's front-page report about the refined application process for buying new Housing and Development Board (HDB) flats.

While the refinement of the balloting system is overdue, it does not address the fundamental problem. The problem is that the system is based largely on luck when it should be based on expectations or preferences.

Let me illustrate: Whenever there is a new build-to-order (BTO) project, I would check out the sales brochure, and appraise the layout of the different blocks and units, the surrounding amenities and future development of the area.

In the case of Jade @ Yishun Phase I, I had envisioned myself living in a unit on a high floor - that is, eighth floor and above - sipping a cuppa and enjoying the view of the reservoir or Yishun park.

But I was never given a chance at the ballot as my queue number exceeded twice the number of flats available. Subsequently, I was invited to select a flat from among the ones that were rejected. But all the units were on the second floor.

It is true that many applicants are choosy. But it is also a fact that the system can be fine-tuned to accommodate the genuine preferences of applicants.

After all, we are choosing a home, not a shelter.

The HDB should allow applicants to state their preferences for floor levels and block or unit numbers.

The system can then categorise applicants into groups with different balloting numbers. This is not only fairer but also more practical and accurate.

The current balloting system penalises many.

For instance, an applicant who has no preferences and whose sole desire is to obtain a flat as soon as possible, may repeatedly obtain a ballot number that puts him at the tail end. His chances of obtaining a flat anywhere will not improve appreciably despite repeated attempts.

On the other hand, another applicant who has specific preferences may fail in his objective as well. His queue number for flat selection may put him so far back that when his turn comes, he is left with flats in blocks or on floors that are not worth his while shelling out so much money for.

Tan Ai Li (Miss)

charlize SG

Most of the problems in the country now are due to the over population of the small island.

Reduce the number, not increase it, and a lot of problems will go away.

charlize SG

99 year lease.

Damn stressed.

Lisa168 SG

I don't understand all.

charlize SG

I don't understand all.

We are all sheep.

We never do understand.

mancha SG

I don't understand all.

Times are bad.

charlize SG

Times are bad.

Hey!

Ysayap SG

Thanks for this information. I still think foreigners like me still buy an HDB to feel that sense of belongingness and the pride of having to tell your relatives back home that you bought your own house from your hard earned money.

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