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HDB unit sold for S$1.73 million, new record for HDB resale flats

Tiongs say their hou even though is 70 yr but their gov will return them money or renew the lease, won't let them die.
Over in China, the relatively recent privatisation of housing under lease agreements, does not accord buyers complete ownership. This legal void leaves owners of residential properties with a great deal of uncertainty over their rights. In any case, HDB should not be comparing their lease agreements to a communist country where there are gaps in legislation. The HDB should instead consider carefully how the current lease arrangement fits in with the Govt's asset-enhancement policy for public housing.
 
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