HDB flat as retirement nest egg is fast becoming a … rotten egg
After having been repeatedly assured by PAP that public housing prices could only increase, HDB lessees are now left in the lurch. This is because PAP has reneged on its promise and the pigeon-hole-in-the-sky prices look set to fall, maybe even collapse if accompanied by another global crisis. Instead of resolving a self-created...
Are Singaporeans able to retire with escalating medical costs, low CPF interest and expiring HDB flats?
On Friday (13 Apr), a netizen wrote to former NTUC Income Chief Tan Kin Lian asking if average Singaporeans would be able to retire after news that older HDB flats are a “ticking time bomb”. This is because the value of a HDB flat would revert to zero upon expiry of its 99-year lease. CPF’s low interest rates force...
HDB time bomb: Should lessees wait for it to explode?
Retiring Singaporeans who bought into PAP’s asset enhancement (AE) programme – now turned out to be a scam – should seriously consider selling their HDB flats if they are approaching 40 years old. The HDB time bomb has already started ticking after MND Minister Wong reminded HDB lessees that the value of HDB flats will...
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