Ho Ching scolds Singaporeans not to whine about leasehold vs VERS

[UltimaOnline]

 

[Chase]

i am curious, when private residential or industrial properties reach year-zero, do they have to demolish and return bare land to the state?

 

[ftan42]

has one size fits all boh?

 

[Sustanon]

Leasehold = Rent
Freehold = Own

Big Big Big Difference.

 

[tobelightlight]

Just go across the causeway and get ur own property lah..no need to deal with Sinkie crap.

 

[Balls2U]

View attachment 227909

That ugly old hag should just shut the fuck up!

 

[Loofydralb]

Fucking liar. Nowadays HDB only allows a sale transaction to the new owner only if the lease remaining will allow him to live in the unit until he is 94 years old.
Many do not realise the implications. Your hdb unit will go to zero value and will be unsaleable once it hits 50 years.

 

[Sustanon]

Fucking liar. Nowadays HDB only allows a sale transaction to the new owner only if the lease remaining will allow him to live in the unit until he is 94 years old.
Many do not realise the implications. Your hdb unit will go to zero value and will be unsaleable once it hits 50 years.

So correct me if I am wrong, based on a leasehold unit that is 50 years old with 49 years lease remaining, must allow the person who took over the lease to live in unit till 94 years old. In that case, the person taking over the lease =<45 years old, am I right? I really didn't know this.

Update: Thank you for the info. I verified and it is correct. Thanks.

 

[Loofydralb]

So correct me if I am wrong, based on a leasehold unit that is 50 years old with 49 years lease remaining, must allow the person who took over the lease to live in unit till 94 years old. In that case, the person taking over the lease =<45 years old, am I right? I really didn't know this.

Update: Thank you for the info. I verified and it is correct. Thanks.

When have I ever been wrong?

 

[Narong Wongwan]

i am curious, when private residential or industrial properties reach year-zero, do they have to demolish and return bare land to the state?

No need demolish just evict ownself can liao

 

[Timerty]

Fucking liar. Nowadays HDB only allows a sale transaction to the new owner only if the lease remaining will allow him to live in the unit until he is 94 years old.
Many do not realise the implications. Your hdb unit will go to zero value and will be unsaleable once it hits 50 years.

Got 50 year old HDB flat exist?

 

[eatshitndie]

Got 50 year old HDB flat exist?

tiong bahru, queenstown, toa payoh, bedok, and some say marine parade.

 

[eatshitndie]

always read the fine print embedded in and appended to superfluous essays. operative phrase is “esp earlier in the leasehold period.” psychological barrier is typically 69 years left in lease. once sinkies reach the midpoint it’s literally the point of no return(s).

 

[nabeifuckpap]

Got 50 year old HDB flat exist?

2025-1979=46 for HDB built in 1979

 

[Loofydralb]

Got 50 year old HDB flat exist?

From the top of my head, plenty of those in existence.
Chai Chee besok Queenstown ghim moh dover clementi teban boonlay redhill bukit merah telok blanga etc

 

[face the facts]

why dont this irritating elite bitch just die
her lease should be ending soon, still yak yak yak

 

[True Believer]

i am curious, when private residential or industrial properties reach year-zero, do they have to demolish and return bare land to the state?

All private condo units - whether they are on 99 or 999-year leases - possess a strata title, which stipulates the size of each apt, including its undivided share of the land - swimming pool, tennis courts, gymnasium, 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 99-year tenure.

 

[True Believer]

Fucking liar. Nowadays HDB only allows a sale transaction to the new owner only if the lease remaining will allow him to live in the unit until he is 94 years old.
Many do not realise the implications. Your hdb unit will go to zero value and will be unsaleable once it hits 50 years.

I have university-educated friends and acquaintances who still believe that they actually own their HDB flats.

 

[Hightech88]

She and her big mouth again.

 

[VanDick]

Must be her hubby did not service her properly, so she has to go on social media to vent her frustrations.