HDB lessees who still think they are flat owners should consider psychiatric treatment

Dear HDB lessees who still think you are flat owners

Many of you have been struggling to come to terms with your non-ownership status and the easiest ‘solution’ is to reject the unpleasant reality. But by your continued delusion, how does it resolve the issue of having been scammed?

The PAP government has a unique definition of ‘owner’ where it retains all ownership rights. HDB is therefore not merely telling a half truth but a blatant lie when it insisted that the:

And you were so easily fooled?

Please allow me to help you with another idiot-proof explanation to resolve your internal conflicts once and for all. ๐Ÿ™‚

1. If you are a HDB flat ‘owner’, then you must also be implying that the government has made an error in stating your ‘lessee’ status @ Singapore Statutes Online. You think our top civil servants so dumb or what? ๐Ÿ™‚

2. Is your Lease Agreement a legal instrument or a piece of tissue paper with words that are meaningless, all no pakai?

โ€‹3. Are you also saying the HDB website has lied by using terms such as “subletting”, “subtenants”, etc which clearly mean you are not the owner?

4. Do you really understand the meaning of “sublet”, “subtenant”, “lessee”, “lessor”, etc? If not, please look up the different dictionaries below.
Merriam-Webster “Sublet” – To lease or rent all or part of a leased or rented property.
TheFreeDictionary “Tenant” – One that pays rent to use or occupy land, a building, or other property owned by another. Can you guess the meaning of ‘subtenant’?
Collins “Lessee” – a person to whom property is leased; tenant.
Investopedia “Lessor” – The owner of an asset that is leased under an agreement to a (eg, HDB) lessee.

5. If you own your HDB flat, why must you seek approval from anyone to rent out your property, subject to even more regulations?

6. Why are you threatened with punitive actions such as compulsory acquisition of your flat simply because of your failure to register your subletting?

7. If HDB isn’t the landlord/real owner, how does it have any right to suka suka anytime or anyhow own self change the conditions for subletting? If you are the owner, doesn’t this right belong to you?

8. According to real estate experts, the fundamental difference between public housing and private is the ownership title. Please read Perils of owning ageing leasehold properties.
You could go to HDB and confirm if the strata titles were transferred to you when you bought the flat. If not, you are merely a lessee and HDB has lied.

9. Have you tried going to any bank to mortgage your flat? If you own, say, a HDB flat that’s worth $1 million, any bank would surely be more than happy to loan you $500,000. Truth be said, you can’t even get a $100,000 loan. In fact, not a single cent!
HDB flatHow could your $1 million HDB flat which you claim to own be worth nothing to a bank?

To sum up:

HDB lessees who continue to believe they own their flats are simply saying:
– Singapore statutes no pakai.
– HDB website contains serious errors.
– Real estate experts are wrong.
– Definitions of dictionaries incorrect.
– Banks are stupid.

Please take your time to think through this very important issue and if possible, discuss with family members or friends. If you still fail to resolve your internal conflicts this time round, you should seriously consider psychiatric treatment. ๐Ÿ˜ฆ



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2 Responses to HDB lessees who still think they are flat owners should consider psychiatric treatment

  1. Sinkie says:

    Yes, it’s a psychological mental thing. Coz only 1% can truly accept that they’ve been conned on such a huge amount …. hundreds of thousands of dollars. Some even 1 million dollars for a public pigeon hole in the sky.

    It takes A LOT for people to accept such a huge loss without going crazy.

    Even for the 30% who voted against PAPies, most of them actually expect to be AT LEAST reimbursed for their losses. Some even still expect to get profits — no different from the thinking of the other 70%!

    The hard truth is that MANY people are scared for their pigeon holes …. so they reluctantly support & vote PAPies becoz they don’t want this HDB PONZI to collapse. At least not before they cash out.

    However many people don’t realise that sooner or later PAPies will no longer be able to continue with the Ponzi scheme, and will simply write-off or write-down the HDB values. In essence at the end of the day PAPies will throw sinkies under the bus / train. This will be when >50% of HDB crosses the 50 & 60 year old mark. That’s when prices start to drop steeply and mortgages become harder to obtain, and also generally harder to find willing buyers.

    Right now about 50% are at least 30 years old (about 15%-20% are already 40+ yrs old). In another 15-20 years max, there’ll be a HDB pigeon hole crisis in Singapore. This is the HARD TRUTH.

    By then PAPies may lose the general elections. But by then too late for sinkies liao. Top PAPies & elites will have already long prepared overseas sanctuaries and will simply take 1-way First Class SIA ticket out of Singapore.

    You see LHL family (including sons) and LWL — very good examples. In times of crisis they are more than able to drop everything in S’pore & escape overseas. You think they lose so much — still got so many houses here & money in S’pore banks — the truth is that 80% of their wealth & properties are already overseas!!

  2. Everythingalsowrong says:

    Banks do not loan for HDB flats not because they do not want to, but because the laws prevent them from doing so. Get your facts right la uncle.

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