Remove land cost from HDB flats and most Singaporeans are able to retire comfortably

A lawyer like Lim Tean could wave a copy of HDB Agreement for Lease during the rally and easily convince HDB lessees that we have been scammed by the PAP government. HDB flats were truly affordable up to the early 1980s as most flats were sold BELOW CONSTRUCTION COST! A single income family could EASILY pay off the mortgage in 20 years. Today, dual incomes are needed and should one spouse become unemployed for any reason, there will be tremendous pressure to pay off the flat: THAT WE DON’T OWN.
Calculator http://www.moneychimp.com/…/compound_interest_calculator.htm

FB post on 27 Jun 2020:
HDB LAND COST REMOVE FOR RETIREMENT

 

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