Credit should be given to PAP for its brainwashing technique: most HDB lessees continue to believe they own public property.
I recently commented on Tan Kin Lian’s FB and suggested that he should help to raise awareness on the bigger issue of true ownership of HDB flats.
However, the former presidential candidate was not even aware of the issue and tried to explain the difference between owning a leasehold vs freehold property.
I have referred Tan to a previous post, hoping he could be sufficiently enlightened to eventually highlight the HDB ownership scam.
From the table below, the issue of true ownership should be clear to even an idiot. 😉
Since we are clearly ‘lessees’ and not ‘owners’, why are we paying property tax?
Should we pay for the maintenance of common areas which are public property?
Isn’t it the government’s obligation to fund long-term maintenance?
Financial institutions cannot accept ‘our’ flats as collateral for mortgage loans because we do not own the flat: we only own the lease.
HDB ‘owners’ only sign a Lease Areement, not a Purchase and Sale Agreement.
Because HDB is the actual and only owner, the flat occupied by lessees has to be inspected prior to its ‘sale’. This is similar to a landlord inspecting the rented out room at the end of the tenancy, prior to returning the deposit.
HDB lessees’ ‘sale’ of ‘their’ flats is nothing more than a lease transaction.
In a 2014 reply from HDB’s principal legal counsel, ‘owner’ is as defined in the H&D Act, not the conventional meaning of ‘owner’.
By defining ‘lessees’ as ‘owners’, Singapore’s home ownership rate is almost top in the world. Without H&D Act’s weird definition of ‘owner’, our home ownership rate drops to the lowest in the world. (PAP’s miracle at the stroke of a pen)
HDB lessees who still believe they are owners should question and demand honest answers (likely won’t get) from their MPs.
Hold PAP accountable for the HDB scam or our children will likewise be fleeced.