Its a great idea for hdb to sell at 50 years lease and should the owners sell 5 years later and the buyers are able to buy at 99 years lease. Assuming if the price of the flat goes up to 800K after 5 years and if they bought at 400k. HDB is entitled to 49/99 ratio (base on the lease) of the 400K appreciation. Win-Win for public and government.
July 2, 2022
MND announced today that they are introducing new housing options for residents affected by the Selective En bloc Redevelopment Scheme (SERS). These additional options will be offered, starting with the Ang Mo Kio SERS. The new housing options introduced are: 50-year lease replacement flat at the designated replacement site at Ang Mo Kio Drive Lease…
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I’m 50 yrs old now.I’ve fully paid my house with no intention to sell it.I’ve also met the FRS amount. Can I make the voluntary housing refund