My guess is that after 99
years the government will take back the HDB. HDB will demolish and
rebuild to sell as affordable public housing again.
If the government were to
en-bloc the HDB, they will not be able to rebuild and sell as
affordable public housing. In Singapore HDB BTO flats are the most
affordable homes Singaporeans can purchase. If HDB BTO prices were
to go up, HDB resale market prices would also go up it will drive
the whole property market in an upward spiral. Hence, I strongly
believe that HDB after 99 years will go back to the government
hands whether you like it or not. This is to keep our Singapore
housing prices stable.
HDB have a restriction on
how much CPF you can use if you are purchasing a HDB with less than
60 years lease. This is to discourage people from purchasing older
HDB. Many buyers are inclined to purchase older HDB flats because
they are very spacious as compared to the newer HDB. With this
being said, for those people that have bought the HDB at record
high prices it will just be too bad for them. They just have to
return their flats once the tenure is up.
These are just my views.
What do you guys think?