The minister has announced that the current rules will be changed to allow CPF to be used to purchase the older HDB flats.
This will help in some way to remove the sharp decline in value when the HDB flat reach 40 years. I made this suggestion a few months ago. I am glad that this change is being made.
However, it will not address the concern that the buyers are paying a high price for the HDB flat and the flat will have zero value at the end of the 99 year lease. The large sum paid towards the flat will be totally depleted.
Is it fair to the owners who paid a large sum to buy the HDB flats? No, it is not.
https://tklcloud.com/Feedback/feedback2.aspx?id=1184
This will help in some way to remove the sharp decline in value when the HDB flat reach 40 years. I made this suggestion a few months ago. I am glad that this change is being made.
However, it will not address the concern that the buyers are paying a high price for the HDB flat and the flat will have zero value at the end of the 99 year lease. The large sum paid towards the flat will be totally depleted.
Is it fair to the owners who paid a large sum to buy the HDB flats? No, it is not.
https://tklcloud.com/Feedback/feedback2.aspx?id=1184
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