[Jinwului]

It is undeniable that 80% of residents in S'pore do not own their home. The HDB is the lessor (owner) and the buyer of the HDB flat is merely the lessee (tenant).

u mean home ownership should be 20% or less in singapore?

[EvertonDiehard]

Even private property, you are only hope for luck that you have enbloc. I haven't got any also though I have dreamt for it over so many years.  

The problem could be the location of your condo. Is it deep inside a private estate, far from any MRT station, not in close proximity to eateries, supermarkets, good schools or too near a cemetery or places of worship where crowds gather on festive occasions?

[EvertonDiehard]

u mean home ownership should be 20% or less in singapore?

Genuine ownership means holding a strata title to your home and not being a mere lessee (one who rents or leases from the owner - lessor).

[Jinwului]

Genuine ownership means holding a strata title to your home and not being a mere lessee (one who rents or leases from the owner - lessor).

hundred percent.....time for pappies to come clean on actual percentage of home ownership in singapore

[EvertonDiehard]

hundred percent.....time for pappies to come clean on actual percentage of home ownership in singapore

The fundamental differences between a condo and a HDB flat are neither academic nor insignificant. Since buyers of HDB units have only purchased a 99-year lease, they have no share of the land where their blocks stand on and no strata title. Even though residential properties with leases lasting 99-years or shorter can be found in countries such as Australia, leasehold land tenure over there may take the form of Term, Perpetual or Freeholding leases. Owners of leasehold properties there possess a strata title similar to that of condo owners in S'pore. Over in China, the relatively recent privatisation of housing under lease agreements, does not accord buyers complete ownership. This legal void leaves owners of residential properties with a great deal of uncertainty over their rights. In any case, the HDB should not be comparing our lease agreements to a communist country where there are gaps in legislation. The HDB should instead consider carefully how the current lease arrangement fits in with the Govt's asset-enhancement policy for public housing.

[*天哥*]

The fundamental differences between a condo and a HDB flat are neither academic nor insignificant. Since buyers of HDB units have only purchased a 99-year lease, they have no share of the land where their blocks stand on and no strata title. Even though residential properties with leases lasting 99-years or shorter can be found in countries such as Australia, leasehold land tenure over there may take the form of Term, Perpetual or Freeholding leases. Owners of leasehold properties there possess a strata title similar to that of condo owners in S'pore. Over in China, the relatively recent privatisation of housing under lease agreements, does not accord buyers complete ownership. This legal void leaves owners of residential properties with a great deal of uncertainty over their rights. In any case, the HDB should not be comparing our lease agreements to a communist country where there are gaps in legislation. The HDB should instead consider carefully how the current lease arrangement fits in with the Govt's asset-enhancement policy for public housing.

U made a good point. But this concept involves the wealth as well aa lwgal rights of a nation.