Category Archives: HDB SCAM

HDB flats are somewhat similar to Adani Group bonds

HDB ‘owners’ should read carefully the signed HDB Lease Agreement, which will confirm their true ‘ownership’ status. https://www.forbes.com/…/credit-suisse-reportedly…/…

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HDB land cost: Why are lessees paying for public land which none owns?

      https://www.facebook.com/permalink.php?story_fbid=1795725433796769&id=100000779909212 The HDB ownership myth has been perpetuated for decades and state propaganda has been very effective; HDB ‘owners’ refuse to believe their own eyes, ie ‘owners’ merely sign off as lessees in the Lease Agreement, not … Continue reading

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HDB lessee vs owner: Singaporeans prefer denial to reality?

If the govt had intended for Singaporeans to own HDB flats, why do we sign a Lease Agreement and not a Purchase and Sale Agreement? https://www.hdb.gov.sg/…/buyin…/sign-agreement-for-lease How is it possible for an agency to have total control over one’s ‘asset’ … Continue reading

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Even if HDB land cost is halved, govt still makes millions off HDB lessees in 99 years

Ho Ching seems to have fooled and convinced Singaporeans that HDB flats are affordable when in fact the govt has legislated HDB lessees as cash cows. The govt uses land revenue from HDB flats – which are not even owned … Continue reading

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Million-dollar HDB flats are common, no thanks to TKSS ministers

ST, 23 Dec 2013: “Government cannot eliminate property cycle but can try to contain bubbles: Khaw” https://www.straitstimes.com/…/government-cannot… Aiyoyo … Khaw stupid or what?? Who asked him to eliminate the property cycle?

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Lessees of each HDB flat contribute million$ to govt revenue at the end of the 99-year lease

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HDB 60% land cost earns the PAP govt trillions at the end of their leases

It’s hard to believe the figures initially but they are factual. http://www.moneychimp.com/…/compound_interest… https://www.propertyguru.com.sg/…/next-hdb-estate-with…

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HDB ‘owners’ defined by legislation, no ownership rights but owner’s obligations

A lessee is subject to terms dictated by a lessor for the use of the lessor’s property. Not too sure what ownership rights the HDB legal counsel was referring to. Selling a HDB flat is merely a lease transfer. https://likedatosocanmeh.wordpress.com/…/hdb-legal…/

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HDB issue is about non-existent ownership rights, not difference between 2 leasehold properties

If HDB’s Agreement for Lease document is still not idiot proof, what about HDB’s invitation to sign the Agreement for Lease? https://www.hdb.gov.sg/…/buyin…/sign-agreement-for-lease Errr … just pretend its a Sale and Purchase agreement?

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HDB scam bigger than FTX scam by more than 1000 times

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