There is widespread concern that the HDB flat will have no value at the end of the lease. Many owners find this outcome to be a major disappointment.
I asked this question in the Wisdom of the Crowd - What option should the government allow on the expiry of the lease of HDB flat
45% of those who voted said that the government should pay a compensation to the owner for the value of the building.
31% said that the owner should be allowed to extend the lease for 5 or 10 years by payment of a modest premium.
15% said that the owner should be allowed to rent the flat at a subsided rental.
The remaining 10% said that the government should take back the flat without any compensation.
See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=594
I asked this question in the Wisdom of the Crowd - What option should the government allow on the expiry of the lease of HDB flat
45% of those who voted said that the government should pay a compensation to the owner for the value of the building.
31% said that the owner should be allowed to extend the lease for 5 or 10 years by payment of a modest premium.
15% said that the owner should be allowed to rent the flat at a subsided rental.
The remaining 10% said that the government should take back the flat without any compensation.
See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=594
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