If I am an HDB tenant, why am I required to pay property tax?
Can we have some clarity on whether HDB dwellers are tenants or real home owners for 99 years?
Larry Leong
Great question, but don't expect the corrupted government to answer it.
If I am an HDB tenant, why am I required to pay property tax?
Can we have some clarity on whether HDB dwellers are tenants or real home owners for 99 years?
Larry Leong
Not to mention the PeeM appointing his own wife to run a multibillion dollar sovereign wealth fund for which she has no qualifications. That is corruption.
And they are still asking....
If I am an HDB tenant, why am I required to pay property tax?
Can we have some clarity on whether HDB dwellers are tenants or real home owners for 99 years?
Larry Leong
the answer is yes. But you can be an individual with some success if you cash out on the HDB flat AND take out your CPF.
Can you mortgage. Then you have your answer. The other trying to convince that shit taste good delusions are just a waste of time. No one asked about those
HDB flat "owners" are owners of a 99-year lease. The flat is a 99 year lease, which is made clear to potential owners before buying. If you don't like it, don't buy it.
The property tax is a tax on ownership and potential profits made. Many sinkies lease out part of their flats at an inflated rate, disproportional to their actual HDB mortgage. Treat it as a form of income tax.
For those who do not rent out their flat in whole or in part, treat it as a tax on cheap housing. Try comparing your HDB monthly mortgage against a monthly rental at a backpacker's lodge or budget hotel. You probably got a better deal.
There's nothing wrong with a 99-year lease since most first buyers tend to sell off their HDB within the first 10-15 years. So what good is a 999 year lease if you only plan to make use of 10-15 years on that 999 year lease?
Sinkies who buy resale HDB flats need to keep an eye on the remainder of the lease. Do your homework before buying, or else be ready to be evicted once the lease expires before you kick the bucket.
................... sinkies should just shut up and pay up. :p
U mean take out a loan on ur HDB flat?if I remember right the only things that can't be repossessed during bankruptcy is ur CPF and HDB?
Not many upper-middle income people can afford a private condo.
Buying a HDB apartment with a HDB loan is still very good option even one is not a owner.
99 years lease more than enough stay. Freehold ownership is just a name to you feel better staying in private property :p
Never get too obsessed in buying private properties as one may end up losing big money
Not many upper-middle income people can afford a private condo.
Buying a HDB apartment with a HDB loan is still very good option even one is not a owner.
99 years lease more than enough stay. Freehold ownership is just a name to make you feel better staying in private property :p
Never get too obsessed in buying private properties as one may end up losing big money
Not many upper-middle income people can afford a private condo.
Buying a HDB apartment with a HDB loan is still very good option even one is not a owner.
99 years lease more than enough stay. Freehold ownership is just a name to make you feel better staying in private property :p
Never get too obsessed in buying private properties as one may end up losing big money
you sum it up very well for majority of sinkies. young sinkie couples are so lucky when compared to their peers in hk, tw, jp and sk. even tiongs in big cities are getting jealous of sinkies having affordable pubic housing built for them by the gov. 99-yr prepaid rental for a 4-rm hdb flat at sgd390k is a better deal than paying sgd6.9k per month for a smaller flat in hk by a long shot. the monthly rental for a 99-yr 4-rm hdb flat at sgd390k prepaid with 100% cash works out to sgd330 or sgd11 a day. with mortgage including interest over 20 years it works out to sgd696 per month depending on the mortgage rate. moreover, after 5 years can sell. if sold with profit, rent for 5 years is basically free.
bro frenchbriefs, a new BTO 4-rooms unit (90 sqm) in Boon Keng and Clementi cost about $570k and two of my co-workers bought it 3 years ago.
Yes it's very expensive but compare to a private condo 2-bedroom of 65 sqm that cost $950k (exclude stamp duty). The HDB apartment is much cheaper lol.
Not easy to migrate to another country and I still believe many local born sinkies will retire in their HDB flats in future and not in the private condo.
Condo, BMW and Mercedes only make you feel better than lower income groups. A BMW 1 series cost about $136K with COE, I can afford it but I still prefer to take our public transportations