Fundamental differences between a condo and HDB flat

[True Believer]

There are fundamental differences between a condo and HDB flat which are neither academic nor insignificant in any way. Since buyers of HDB units have only purchased a 99-year lease, they have no share of the land where their blocks stand on and no strata title. As such, the HDB is not being fair to its tenants by calculating the land cost when evaluating the price of its flats. All private condo units - whether they are on 99 or 999-year leases - possess a strata title, which stipulates the size of each apartment, including its undivided share of the land - including the swimming pool, tennis courts, gymnasium, carpark etc. - which the development occupies.

 

[bobby]

Donch forget that the “owners” also have to pay property tax and for any upgrade done to their blocks or surroundings.

 

[jurongkechil]

My friend boss own a unit at orchard road. 20 mil. The property tax 100k plus a year. Buy hdb better la

 

[True Believer]

Donch forget that the “owners” also have to pay property tax and for any upgrade done to their blocks or surroundings.

The PAP actually acts like the Mafia. They lease you a HDB flat by demanding rental to be paid upfront in phases and even charge you to maintain the property which actually belongs to them as the landlord. This is "protection money" that you pay the govt for giving you a roof over your head. It is like the Mafia extorting money to ensure that small business owners are protected from their own henchmen.

 

[Truthspeak]

The PAP actually acts like the Mafia. They lease you a HDB flat by demanding rental to be paid upfront in phases and even charge you to maintain the property which actually belongs to them as the landlord. This is "protection money" that you pay the govt for giving you a roof over your head. It is like the Mafia extorting money to ensure that small business owners are protected from their own henchmen.

Now then you know? All government are nothing but mafia pretending that they are doing moral activities

 

[Timerty]

HDB ceilings will have cracks very lousy

One day the whole flat will collapse if got big earthquake from Indonesia

 

[True Believer]

Now then you know? All government are nothing but mafia pretending that they are doing moral activities

 

[Timerty]

Condo easy to find extramarital affairs

HDB all ugly people

 

[True Believer]

Housing Board flats, which are subsidised by the Govt, are community properties sold under lease agreements that contain an assortment of rights that fall short of full ownership. This legal void leaves residents of HDB units with a great deal of limitations over their rights. Public flat dwellers are likely to have their homes confiscated if they fail to comply with the restrictive terms and conditions.

 

[oliverlee]

the price difference pays for the strata title. Even then you own a pie in the sky, not a real piece of land, and in sg, most of the time it's 99 years. The way to go is treat the title as a commodity, flip it when the market is ripe. Condos are not for long term stay, they are like any stocks, buy, sell and fuck off.

 

[True Believer]

the price difference pays for the strata title. Even then you own a pie in the sky, not a real piece of land, and in sg, most of the time it's 99 years. The way to go is treat the title as a commodity, flip it when the market is ripe. Condos are not for long term stay, they are like any stocks, buy, sell and fuck off.

All private condo units - whether they are on 99 or 999-year leases - possess a strata title, which stipulates the size of each apartment, including its undivided share of the land (including the swimming pool, tennis courts, gym, carpark etc.) which the development occupies. Owners of condos may form their own committee to initiate a collective sale to a new developer whenever they wish to. If an agreement for an en bloc sale goes through, the buyer indemnifies the S'pore Land Authority to return the lease to its original tenure.

 

[bobby]

HDB also claims that they lose $b. If any real life CEO can lose $b for his organisation he will be thrown into jail.

 

[True Believer]

There is no rationale for the owner who has paid for his flat in full to have to seek permission from the housing authority to rent out any of his rooms, unless he is considered only a lessor.

 

[True Believer]

Donch forget that the “owners” also have to pay property tax and for any upgrade done to their blocks or surroundings.

Buyers of HDB units on the open market are required to wait at least 5 years before selling their unit, raising serious questions on whether they truly own their flats.

 

[laksaboy]

Condo benefits:

Much lower risk of getting an obnoxious neighbour staying next to you.

Cleaner swimming pool, unless you enjoy the salty water in ActiveSG pools.

Tennis courts, public tennis courts are a joke.

Better security: some have lifts that are intercom-operated and the lift doors open directly to one unit per floor.

Gym. Quality of equipment might be good or bad.

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Condo disadvantages:

Location may be far away from MRT and amenities. Sometimes you feel like walking, even if you drive a car.

 

[bobby]

“Owners” of these HDB flats can also rent out to foreigners their flats for a profit.

If they donch really need the “subsidised” flats for self accommodation then why let them keep it.

Grounds to rent out or sub-let the HDB flats should be more stringent…pari passu with the other stupid HDB rules

 

[A Singaporean]

One major obvious difference. One is full of coolie gene retards and the other is not.

 

[eatshitndie]

Condo easy to find extramarital affairs

HDB all ugly people

yahor. that’s why condo can find many condoms while hdb is for the hopelessly deprived beggars.

 

[hepburn21]

You can't pledge the HDB as collateral for a loan. Because you don't own it.

Love to see the dogs argue it's way out of this one.

 

[Papsmearer]

Housing Board flats, which are subsidised by the Govt, are community properties sold under lease agreements that contain an assortment of rights that fall short of full ownership. This legal void leaves residents of HDB units with a great deal of limitations over their rights. Public flat dwellers are likely to have their homes confiscated if they fail to comply with the restrictive terms and conditions.

u are so fucking stupid, u are talking through your asshole. HDB flats are not as you say, community properties sold under lease agreements. In fact, HDB flats are never ever sold to anyone. They are rented to people. The people are the tenants. When they so call "buy" a flat, they are prepaying HDB upfront 99 years of rental fees. and there are no assortment of rights. There are only 2 main ones. 1) Right to occupy and enjoy and use the space rented to you for the duration of the lease. 2) Right to assign 1) to a survivor or estate. Low IQ idiots like u should just shut up