Pap Smear, it is better to keep your mouth shut and be thought a fool than to open it and remove all doubt! I need to educate you that the HDB sells the leasehold to buyers of flats, so the HDB remains the lessor while the occupant is the lessee i.e. holder of the lease. Does your tiny brain comprehend now?
A significant number of the 85% of HDB residents actually believe that they "own" their own home. Hahaha!
No stupid. HDB does not sell a Leasehold. U yourself said leasehold are 99-999 years private condos which are strata. HDB sells a lease. Not leasehold. Seems like i am the one that has to educate u, u fucking stupid moron.
yes, u should know, u are one of them
All private condo units - whether 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 swimming pool, tennis court, gym, carpark etc.) which the development occupies. Condo owners may form a committee to initiate a collective sale to a new developer whenever they wish to. HDB dwellers cannot do that.
Pap Smear, you need to brush up on your sub-standard English or continue to make an utter fool of yourself here and at work - presuming that you are actually employed. LOL!
This is a leasehold Stupid
That is what I keep telling you over and over again, you IMBECILE!
Pap Smear, you are a low SES loser who keeps opening your mouth to reveal how stupid you really are. Your parents are regretting that they did not abort you before you came into this world to create a lifetime of misery for them.
No you fucking retard. This quote is from you "HDB flats are sold on a 99-year leasehold basis." They are not leaseholds stupid. They are just a lease. Try and understand this difference moron
The govt claims that HDB flat buyers "own" their flats because they purchase a 99-year lease which grants them the right to live in, sell or rent out the unit during that period. Technically, that is a leasehold because it has similar ownership rights as freehold properties, including the ability to benefit from any appreciation in value. Pap Smear, I hope that you appreciate my efforts to educate you; it will help you to find gainful employment instead of making you bitter at other Samsters who are far better off than you.
U are stupid for believing what the govt says. U must be a brainless PAP cocksucker. U don't even understand what the word Leasehold means. I have bought and sold more properties then you will ever do in 3 lifetimes. The govt lies to you all the time. And you believe them. hahahhahahaha. Let me give u an education and hope that your stupidity can be overcome.
Collective sale days are quite over unless new funds pump in
Leasehold is still the developer that owns the land?
It's not necessary that it is the developer. Sometimes the land owner is a private company or family. The developer contracts with them to build a condo block on their land. A lot of these private landowners do not want to sell to the developer. The developer then sells the completed units to private buyers. The private buyers are bound by the terms of the land lease that the developer signed with the land owner. In many cases. the developer does also own the land to control the process.
So the land owner get a sum from the developer to allow them to the rights to build for say 99 years and after that the land returns to the land owner in whatever ways they wanna do with the land? Is the land owner SLA or some olden days rich Singaporeans whose ancestors bought the land?
