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
