Posts: 41,396
   
Threads: 29,409
    
Likes Received: 5,633 in 5,335 posts
Likes Given: 60,821
Indranee Rajah tells the ‘truth behind SG’s 99-year lease’ but netizens have questions
https://theindependent.sg/indranee-rajah...questions/
Posts: 27,785
   
Threads: 8,912
    
Likes Received: 5,544 in 5,003 posts
Likes Given: 9
those PRO PAP tell me , is " yours " what
you can resale high for profits , you also can do renovate
than is your flat what
Posts: 41,396
   
Threads: 29,409
    
Likes Received: 5,633 in 5,335 posts
Likes Given: 60,821
Posts: 11,553
   
Threads: 785
    
Likes Received: 3,611 in 2,959 posts
Likes Given: 492
Quote:SINGAPORE: After 99-year leases, properties go back to the state “so that we can rebuild and refresh and rejuvenate,” Ms Indranee Rajah said in an interview on The Daily Ketchup podcast.
“If you don’t have a finite term of the lease means that whoever bought (it) means that they hold on to it forever. And then the land is out of the hands of the state. And then the new homeowners can’t come into the picture,” she added.
If this is the case, then why not make it 99-year lease for all residential homes?
As it is now, "rent" for freehold per month is cheaper than that of HDB. Moreover, when landed properties are sold, land cost is taken into account while not the case for HDB.