MTI busts myths of REITs not driving up retail rents

[Temperament]

I don't think it is prudent to have 60 years lease because it is possible to outlive the lease if u buy from the primary market, which is contrary to HDB basic intent

Then if u have to boot out those whose lease expired when they are in their 80s-90s... it is really gonna be a sorry affair. And then the same people who wants to get the benefits of higher HDB prices are likely to be the ones asking to socialise the cost.

Currently there are thousand of flat that have less than 60 yrs lease left..people who buy such flat will find it difficult to sell after they have finish their loan. WHY leh?

For flat with less than 60 yrs left. Max loan amt as well as the quantum of CPF fund for loan installment will be reduced as older the HDB flat.

Posted by Temperament - Today 03:26 pm
60 years lease will come to being in the future because people can not afford to pay anymore for 90 years lease.
What about people who are buying in the resale HDB markets?
Many flats are 60 or coming to 60 years left in lease, now.

But i believe in the end Singapore will catch up with Tokyo or New York in housing prices. By then who can afford to lease for more then a year or two? That's if Singapore is still an independent country.