Sunday, August 26, 2018
Truth of HDB Ownership - 99 Year Leasehold Tenancy
HDB 99 Years Leasehold Tenancy Purchase
The Prime Minister has tried to confuse or sidestep the FUNDAMENTAL Question of "HDB OWNERSHIP". What types of Ownership are we having when we buy a HDB flat?
Many people have correctly pointed out with FACTUAL illustration of that little paper you sign when you purchase your HDB flat, regardless whether it is new BTO or resale HDB flats.
It is a purchase of HDB 99 year TENANCY OR WHATEVER is left of the tenancy agreement. This is NOT the usual property sake and purchase agreement.
This is why you will NEVER be issued a strata titles because what you have bought is only a long term, paid in advanced, tenancy agreement.
This is also why when you want to SUBLET out your flat, you have to get permission from the REAL OWNER, HDB.
Thus, PM Lee is Totally wrong to say that HDB "ownership" is the same as private property ownership because they own DIFFERENT things altogether. HDB ownership refers to the long term tenancy agreement while the private property ownership refers to the ownership of property, including the land.
This is also why when Gov wants to take away your car park or any space under your block to build anything, they don't need to pay you single cent because you don't own it! But if it is from private property, they will have to pay the private owners!
Similarly, all car park revenues from your HDB car parks will go to HDB, not HDB tenants, while for condominiums which decided to collect car park fees from visitors, the revenue will go to the management committee collecting on behalf of owners which is used to supplement maintenance fees.
HDB LONG TERM TENANCY ownership is the first of its kind in the world which hoodwinked people into thinking they are really owning a property or land but the hard truth is, they own nothing but the long term tenancy agreement!
This is the REAL truth of HDB "OWNERSHIP".
Goh Meng Seng
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32 comments:
Most things are best left alone. So far they have never been able to solve anything without punishing the people for more money or solving to make one group happy and another new group facing difficulties They will come out solving this ("99") years HDB with elaboration multi-complexity so as not to make themselves redundant.
They are embedded with bad science thinking they are using it good.
Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma
- which is living with the results of other people's thinking. Don't let the noise of
others' opinions drown out your own inner voice. And most important, have the courage to
follow your heart and intuition. Steve Jobs
Airlines do not have seat row 13.
China now out all other countries in tourism. Chinese tourists poured $258 billion into the global economy. This puts their spending at double that of the U.S.tourists and triple that of the German ones..and there is much room to grow. Goldman Sachs projects that by 2025 more than 200 million tourists per year will venture forth from China.
2 months ago during a Sunday evening I experienced severe pain on my ankle joint. The doctor at the A & E put it to sprain and gave me 2 days M.C. Last Sunday evening I had the same severe pain on the same ankle but this time it had a big swelling. A different doctor diagnosed it as gout gave me an injection of pain killers and gave me 3 days of M.C. 2 doctors different diagnosis.
The 1st one thought that I was kengging for M.C. as next day was a Monday.
Thinking out of the box where different kinds of closely-knit families have such beautiful hope of living together so near yet so far in the same condo.
The units will include 63 one-bedroom units specially designed for active-ageing residents. Called the "gold standard" units, these apartments will be equipped with smart technology and physical facilities designed for older residents. Qingjian Realty 99 years of lease.Bishan.
Hope is a beautiful thing. The courage of choosing Hope will be rewarded.
One of the most dangerous ways to recruit , is to recruit in your own image. Too many 'people alike' is a recipe for disaster.
SERS-VERS- ENBLOC-COLLECTIVE SALE-FREEHOLD-999 YEARS- 99 YEARS - GLS - PRIVATE - PUBLIC-
APARTMENT- CONDOS - LANDED- NON LANDED- TERRACE- SEMI D - BUNGALOW- LTV - TDRS- ABSD-
SINGAPOREANS- PRS- FOREIGNERS- 1ST PROPERTY- 2ND PROPERTY- HDB- BTO- 1 ROOM TO 5 ROOMS
HUDC- EXEC CONDOS- ECS -LIVE IN FOR 5 YEARS- SSD- LEASEHOLD - GRANTS - FAMILY NUCLEUS -
SINGLE -DIVORCEE -STB -STAMP DUTIES -DEVELOPMENT CHARGES - GST -LEGAL FEES- EXECUTIVE
MAISONETTE -TOP UP LEASES -PRIME DISTRICT -MIX DEVELOPMENTS -PLOT RATIOS- PASF -
PPR- PSF - SHARE VALUE- DBSS - POINT BLOCK - 1ST TIMER -DECOUPLING -LOANS- NUMBER OF YEARS
TENANTS -OWNERS -
UPGRADING - COOLING MEASURES -PPS -MASTER PLAN -RESALE- BSD- AHG -VALUATIONS-
MOP- OPEN MARKET VALUE -CPF -MULTI GENERATION -
WHY CAN'T PEOPLE JUST BUY A HOUSE?
LEASE BUYBACK -2 ROOM FLEXI - HEARTLAND -BALANCE FLATS- AIR B+B - URA -
CONSERVED BUILDINGS - SUBSIDIZED - RESIDENTIAL -MND - FSHS -
HDB OR BANK LOAN - INVESTORS - REFINANCING -TAXES - INDUSTRIAL PROPERTY -
LEVIES - GROSS MONTHLY INCOME -TENURE - MORTGAGE SERVICE RATIO - REPRICING
CORPERATE ENTITIES - QUOTAS -CASH - DEPOSIT - COMMERCIAL - % - ACD -MAS-
ASSET ENHANCEMENT SCHEME - CLUSTER HOUSING - STRATA - ETHNIC GROUPS - RESTRICTIONS-
CASH OVER VALUATIONS - SPECULATORS - HIP -BALLOTING -SIT -
Whether VERS or buying the whole of the acronym above when purchasing property, this coming election, they very jia lat.
Even LHL will not be able to safe the party. Too late to think about cause and effect.
Forest city will be good for Johor. The foreigners who bought the properties wont be working in the country but spending and bringing outside money in. Their economy will be growing.
Police mostly only acted from Stomp postings. In rural China they are progressively rolling out "sharp-eyes" project. Cameras are installed in rural neighbourhoods including Skynet satellite cameras allowing country folk to watch public areas via streaming boxes and apps. They can simply press a button on their TV or mobile phone to alert of any suspicious or criminal activity to alert the police. Smart rural country.
If they talked loudly and cutting queue speaking accented Cantonese you can be sure they are Hongkies..
a few gd once in cabinet . Teochew hay, $8 heart, Inese or Chidian.
Simple economics:
I just don't know very much about economics . Also not good at Math, and I don't know how to do theory. It would be total fakery if I don't know:
LTV- cooling buying sentiment.
TDSR- buyers would not be overstretch.
ABSD- If anyone wants to buy more than one property even if you pass the LTV & TDRS than you pay us 4% plus 12% (extortion money)?
That (extortion money?) will be dirty money?
Developers are included in the extortion?
Don't worry, be happy.
Its only dirty money.
They need their high bonus and salary.
Its only a second property.
Second property, they are in the minority.
Don't worry, be happy.
Life is too short to be angry.
Let them have the dirty money.
If your present property is owned by 2 names, you can sell your half share to the other owner/spouse. That way the other half that was sold pay 4% of stamp duty. Depending you may need money to pay of your half share, as the loan will only be under one borrower. If it is fully paid, than good enough. After freeing your name you can than use to buy a second property under your name. That way in total you only pay 8% of stamp duty rather than 16%. Its a lot of hassle and time consuming, but we are talking about big ticket items here so its all worth the savings in the end. Than do a will. Funny that with a country so advance, but when it comes to filling their pockets, rules will be done in their favor.
Life isn't fair, and we shouldn't expect it to be.. The better we are going to be at facing whatever is coming towards us, we learn to face realty.
If bought before all these rules came in sell your home and free your 2 names, and buy one each to escape the absd about 16 to 20 % inclusive stamp duty.
So you think they spent $40 million on the few hours for National Day?
Did PM Lee watched their spending or open check? He told the people to cut down on spending.
Five years ago one popiah cost $1.20 at the hawker center, now is $ $1.95. Food potions are also becoming smaller.
To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity. Douglas Adams.
Money won't create success, the freedom to make it will. Nelson Mandela
Now that the Great Singapore Sale is another going down the slope, does that mean that the country is run by incompetent people who is not making a difference? Are there more to come?
Trust is based on both reason and emotion.
We need extensive policies in its objectives, promising major social security, exploring how the country can become success particularly in health, wealth and family togetherness.
What are traffic-lights for?
Green to go, red to stop, arrows turn left or right or straight.
Is it good or bad?
Of course good , otherwise langar anyhow and traffic chaotic many deaded.
What about PAP traffic-lights?
If you don't want langar, just follow the rules. If they say turn left, you cannot turn right. If they say go straight, you just go straight. If all their lights are red clear for president, you cannot move. Understood.
"I don't care what other people think of me," If someone doesn't like me, its their problem-not mine," " They can just take me as a passing ship in the night."
Silver tsunami in Singapore
Medical Guardian providing services to individuals from all religions and races, including children, families, people with special and healthcare needs and the elderly.
to get more - https://medicalguardian.com.sg/homecare-home-adaption-contractors/
Pray that our old and young are guided to the truth when reading fake news. And that their values and guidance will be able to hold on to them despite propaganda and peer pressure.
High resolution camera that can photograph you using HP while driving.
One such is at Guillemard Road Lampu 3.
Property here is like the Russian Roulette.
The trouble is they can never admit a mistake. They are depriving themselves to look human and generous and humble.
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