[Blasterlord2]

https://www.academia.sg/academic-views/c...c-housing/

[sgbuffett]

The public housing of countries is to address the wealth gap by pulling up people from the bottom.

In Singapore the more money you have the more money you make from HDB flats.

[starbugs]

I was surprised that the writer is a professor. His quality of writing is ¯\_(ツ)_/¯. Most sentences are much too long.

[EvertonDiehard]

I was surprised that the writer is a professor. His quality of writing is ¯\_(ツ)_/¯. Most sentences are much too long.

The problem lies with the SG Talker's inability to comprehend. 

[EvertonDiehard]

The writer hit the nail squarely on its head when he wrote: "As commodity, the leaseholder has the right to transfer, or ‘sell’, the lease directly to a buyer in the market, as in any conventional property transaction. In this sense the leaseholder can act, and be addressed, as a ‘homeowner’. This is an ideological gloss that is advantageous to the government as it renders Singapore a nation of homeowners".  In reality, only 20% of residents in S'pore are genuine home owners.

[EvertonDiehard]

It is clear that HDB lease agreements contain an assortment of rights that fall short of full ownership. This legal void leaves residents of Housing Board units with a great deal of limitations over their rights. 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.

[moonrab]

In Hong Kong, virtually all land is leasehold, except a small plot of land granted to St John's Cathedral in Central.2Legend symbol denoting The land for St John's Cathedral was granted freehold in 1847 with perpetual ownership under the condition that the land was used as a church. See Goo (2010). 

Since 1843, it had been an established practice for the Government to dispose of land by granting leases to users with terms mostly either 75 years or 99 years, and in limited cases, 999 years. This leasehold system stays broadly unchanged after reunification with the Mainland, with leases granted before mid-1997 known as Crown leases and thereafter as Government leases.

By and large, land leases in Hong Kong before reunification in 1997 have the following common periods of duration, mostly for duration of 75 or 99 years:

[moonrab]

When buying a property, you have 2 main concerns. 

1) The legal documents obtained after purchase is true. Under the country's legislation, you are the rightful owner to stay and sell with your lifetime. 
No one or entity can take over your property without your consent.

2) The property has a good potential Return of investment, in capital or leasing gains. 

HDB offers the 2 criteria within 99 years. Enough for at least 2 generations to benefit from the HDB flat.

In many countries, even with 999 years or freehold property, cannot achieve it. What is the point to buy?

[WhatDoYouThink!]

It is clear that HDB lease agreements contain an assortment of rights that fall short of full ownership. This legal void leaves residents of Housing Board units with a great deal of limitations over their rights. 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.

How many do you have? How big are they?

[Blasterlord2]

This govt is very reactive with regard to housing. Only when they are faced with a backlash of public feedback then they'll start to take action. Remember last time Mah Bow Tan the idiot built too little flats hence resulting in many complaints. Only then Khaw was appointed as minister of MND to sort out the matter.

[Blasterlord2]

Being middle-class in Spore is the worst. You get no subsidies in housing yet are struggling to get on with the high prices.

[forum456]

https://www.academia.sg/academic-views/c...c-housing/

the problem is not with the govt.

the problem is always the 60% voters who continue to vote for such govt.

[EvertonDiehard]

Being middle-class in Spore is the worst. You get no subsidies in housing yet are struggling to get on with the high prices.

There is no more appropriate term for the middle-class in S'pore than the "sandwiched class".  

[EvertonDiehard]

the problem is not with the govt. the problem is always the 60% voters who continue to vote for such govt.

The problems affecting S'poreans are caused by the Govt, but it is the 60% of voters who give the MIW the idea that their policies are right for the majority of us.

[EvertonDiehard]

This govt is very reactive with regard to housing. Only when they are faced with a backlash of public feedback then they'll start to take action. Remember last time Mah Bow Tan the idiot built too little flats hence resulting in many complaints. Only then Khaw was appointed as minister of MND to sort out the matter.

The Govt lacks the foresight to be proactive. Their limited brain capacity allows them to only react to problems after they become apparent.