Sinkies your HDB flat got no value

This HDB flat will be a big issue in the coming GEs.

When more flats get closer to 60-70 year mark. PAP will dangle carrots to say if you vote for PAP we will renew and extend the 99 year lease.

If you don't vote PAP then your HDB flat will lose its value and you end up with nothing.

I guarantee the PAP will win handsomely in those areas.

Be prepared to see more gerrymandering. Also formation of SMCs with many of these aging flats.
 
nayr69sg said:
This HDB flat will be a big issue in the coming GEs.

When more flats get closer to 60-70 year mark. PAP will dangle carrots to say if you vote for PAP we will renew and extend the 99 year lease.

If you don't vote PAP then your HDB flat will lose its value and you end up with nothing.

I guarantee the PAP will win handsomely in those areas.

Be prepared to see more gerrymandering. Also formation of SMCs with many of these aging flats.
Click to expand...
Why you give them ideas? :biggrin: How much will this renewal of lease cost the tenants? You know it won't be for nothing, if it even happens at all.
 
glockman said:
Why you give them ideas? :biggrin: How much will this renewal of lease cost the tenants? You know it won't be for nothing, if it even happens at all.
Click to expand...

Oh I wrote this way back in 2004 in the old delphiforum days. So I am sure the PAP already knows of this idea a long long time now. They are just waiting for those flats to reach those ages.

If the PAP is worried about being able to hold on to power they might also start to have cheaper flats but with substantially shorter leases. Instead of 99 maybe 60 years. How that will affect the broader property market I don't know. But certainly banks may get more anxious to offer mortgages to HDB owners.

It will be good business. Extend the leases. Tell people you can use CPF to pay for it (thereby reducing a large chunk of CPF burden)
 
nayr69sg said:
Oh I wrote this way back in 2004 in the old delphiforum days. So I am sure the PAP already knows of this idea a long long time now. They are just waiting for those flats to reach those ages.

If the PAP is worried about being able to hold on to power they might also start to have cheaper flats but with substantially shorter leases. Instead of 99 maybe 60 years. How that will affect the broader property market I don't know. But certainly banks may get more anxious to offer mortgages to HDB owners.

It will be good business. Extend the leases. Tell people you can use CPF to pay for it (thereby reducing a large chunk of CPF burden)
Click to expand...
If I recall correctly, Lawrence Wong said they want to demolish old flats and build new ones. Old buildings are structurally weakened through the years. I am sure they want to build smaller units, taller buildings, packed closer together. Maximize profits, and screw the next generation.
 
glockman said:
If I recall correctly, Lawrence Wong said they want to demolish old flats and build new ones. Old buildings are structurally weakened through the years. I am sure they want to build smaller units, taller buildings, packed closer together. Maximize profits, and screw the next generation.
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they will make sure an old hdb block collapsed to prove they are right in future.
 
glockman said:
If I recall correctly, Lawrence Wong said they want to demolish old flats and build new ones. Old buildings are structurally weakened through the years. I am sure they want to build smaller units, taller buildings, packed closer together. Maximize profits, and screw the next generation.
Click to expand...

We shall see what they do.

But LW made a gaffe effectively saying HDB flats would be worthless after their 99 year lease is up.

So how do they rectify this? If not extend lease then it will be some sort of upgrading program which will be "subsidized" but only if they vote PAP.
 
nayr69sg said:
We shall see what they do.

But LW made a gaffe effectively saying HDB flats would be worthless after their 99 year lease is up.

So how do they rectify this? If not extend lease then it will be some sort of upgrading program which will be "subsidized" but only if they vote PAP.
Click to expand...
Yeah he dropped that bomb shell. I am sure flat owners knew it to some extent. Most hoping or assumed there'd be a residual value but not a big fat zero.
 
glockman said:
Yeah he dropped that bomb shell. I am sure flat owners knew it to some extent. Most hoping or assumed there'd be a residual value but not a big fat zero.
Click to expand...

Well the other way PAP could do it is to give residents "something" when their flat leases expire. But only if they vote PAP.
 
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