- Joined
- Oct 15, 2023
- Messages
- 23,942
- Points
- 113
The vast majority of flats will be returned to HDB, without any compensation for homeowners, when the 99-year-lease runs out.The authorities’ comments are contrary to the govt’s past promises that HDB flats are “nest-eggs” that grow in value over time. Just before the GE in 2011, then-National Development Minister Mah Bow Tan said: “We’re proud of the asset enhancement policy. (It) has given almost all S'poreans a home of their own…that grows in value over time.”The HDB flats are probably designed to continuously replenish the govt coffers and to maintain the solvency of the CPF. I believe that the govt is "cheating" the citizens of their hard earned retirement savings.But the majority of the citizens have no choice.To start to correct his anomaly and to stop depriving the citizens of their CPF at age 55, do not include the cost of land in the price of HDB flats, and forthwith allow all the citizens to withdraw their CPF at age 55 or at age 60 at the latest.

