Category Archives: HOUSING

PAP has no solution for self-created problem, HDB resale flat prices to continue falling

Falling prices of resale HDB flats has fallen flat on PAP’s face and the government has no  solution. Through a combination of abusing CPF to support property prices, boosting demand by importing foreigners and lies about asset enhancement, HDB resale prices … Continue reading

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PAP OK with collapse in prices of older HDB flats, minister says “there is still value”

In response to the collapse in prices of older HDB flats, MND Minister Lawrence Wong has insisted that “there is still value in older HDB flats”.  CNA So long as the value of older HDB flats is not zero, Singaporeans can … Continue reading

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If HDB flat lessees were owners, many would have been millionaires in en bloc sale

Without a transfer of strata title to HDB flat buyers, HDB retains ownership of the 1 million flats. Buyers remain HDB lessees. Because HDB ‘owners’ are in fact only lessees, all en bloc decisions are made by HDB. There are … Continue reading

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HDB lessees should not use CPF to pay for HDB flat rental

Buyers of new HDB flats are in fact paying upfront for a 99-year lease, shorter leases for resale flats. Our status as ‘lessees’ was in fact already confirmed by PM Lee 17 years ago. It is also clearly stated in legal … Continue reading

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PM Lee already confirmed HDB ‘owners’ are ‘lessees’, HDB ‘ownership’ is a scam

In 2001, then DPM Lee made a speech in Parliament confirming the non-existence of HDB flat ‘owners’, ie flat buyers are only ‘lessees’. PAP supporters who continue to anyhow claim they could somehow own public property should trust PM Lee at … Continue reading

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