Wednesday, April 25, 2018

Options for HDB flats at end of lease

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

No comments:

Post a Comment