Most HDB owners do not know that they are lease holder to the flat even after thay have fully paid up, I discovered this many, many a years back, when I went to HDB B Merah to collect the title to my flat, in which I had fully paid up. I was expecting a title ownership but got a leasehold, in which HDB is my landlord & I am only the leaseholder. I have paid up fully with my hard earned money & I am only a lease holder!!. I questioned the officer & was directed to their legal department & the legal dept officer was fummox why I ask the question & couldn't give a straight answer!. It was like "Olicer" asking for more gruel!
With that title at that time, I have an asset as in my flat, I need financing, I can't go to the banks & mortgage my flat. Have they change the legal title these days, now that the banks are offering loans to purchase the flats?