U paid 400,000 to get them to lease you a HDB??? ++interest?? and
they hv the rite to ask you change after 40 to 50 years by toping
up again?? Do they hv the rite to ask you to change when it can
last for 99 years?? Or are you being conned again to top up and
carry on the next leasing??
Why not put it this way, I paid 400k for 99years, now 40 years
later you ask me to leave, top up and get a new house, so where is
my 59years gone to...can they dun mind pay me back my
400k++interest and ++inflation cost because they cannot keep to
their word of 99 years???
do average sgporean have a choice? not many people like you own
private property i assume. i'm not a cost expert, but let me do
simple maths here. After 50 years, your old HDB house still has
market value (luckily, but definitely not as competitive as younger
flats), that's why u top up the difference in market value with the
new HDB flat u gonna get.
eg. say they arrange a HDB 4 room market value (new) =>
$200,000
your old HDB 4 room market value (50 years old) =>
$100,000 (originally u buy the flat for $30,000 50 years
ago)
they give u discount/perk like $50,000, so u have to top up
$50,000 to move into the new house (look, either u take the deal or
move elsewhere yourself, obviously u couldn't stay any longer in
that old flat)
now u know our government is kind and good to his people?
