The Truth About Your 99 Year Lease HDB
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- Опубліковано 22 лип 2024
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0:00 - Intro
0:49 - Bala’s curve
1:41 - What causes property prices to depreciate?
3:19 - HomerAI
4:43 - SERS
6:25 - What can you do?
8:22 - Conclusion
None of this is meant to be construed as investment advice. It's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.
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Bought at 30yrso + 99 = 120
One already dead gone. 75yrs enough for 1 life already.
Units need to vacate and make available to the younger gen.
Thanks for the video, Very informative.
Very small factual error (though your point is still valid): The nearest MRT to 16 Taman Ho Swee is not Jalan Besar MRT / Lavender MRT but Havelock MRT. Paisay hor, occupational hazard. BTW, r u hiring copy editor for your scripts? I can give special "idol" price. I'm a fan.
Haha yeah I was like how come suddenly from Havelock become Jalan Besar
@@MaxJoseph999I guess the link between the Taman Ho Swee block and Jalan Besar is that the block is in Jalan Besar GRC.
Thanks for sharing, Kelvin! As always very informative.
On a side note, what’s the brand for the laptop arm behind you. Bought one recently but can’t support the weight of my laptop. 😅
Do SERS happen in opposition wards?
Song bo? Last time got 1 taxi driver still want to challenge me when I told him about HDB decaying lease even before Lawrence Wong announced to Singapore years back.
When you build a bungalow in Malaysia, after a century you also have to tear it down due to safety reasons. You want to stay in a building that may collapse on you?
If can afford bungalows don’t tell us u can’t afford rebuilding..
Usually people will try to fix it then give it away.
@@awakenedspirit7947 You can buy land in Singapore too. If you have the money. Our land is much more expensive because it is limited.
Furthermore, if you think Malaysia land is a good investment, you can buy their land while you reside in Singapore. Would you invest in Malaysian land???
@@chinchowpowpook of course you can rebuild.
1. The value of the demolished building drops to 0 too.
2. You have to pay a high amount of money to get people to demolish the building.
3. During the months of rebuilding, you would not be able to stay in your house.
@@shawnshawn8685 give a structurally risky building for someone to stay? Thats like giving expired food for the people in hunger
Soon many will opt for smaller 3 room resale and invest their $ elsewhere.
Singaporeans all want long lease..actually,,when they buy at age 30 or 40, whether Pty price go south or north, all die in 3-4 decades time..in short is 30-40 Xmas..so why bother? So long leverage on banks..use not own $$ u don’t feel painful
Owners cannot do lease top up my friend. Unless they are approved developers. If owner can top up their lease. All the 99years landed that turn zero soon will have done it.
Ah thanks for the correction!!
Owners can..specifically condos /apartments, self enbloc, hdb no chance at all
Actually you forgot the HDB pre-war units in Tiong Bahru got free 35-year lease top up in 2005, I think.
@@chinchowpowpook Actually you forgot the HDB pre-war units in Tiong Bahru got free 35-year lease top up in 2005, I think.
@@chinchowpowpook cannot. Stop sharing wrong info
It is 99 year *LEASE.*
Till today, people are buying such *LEASE* with the mistaken believe that they are buying the property.
The fault lies with the marketing.
They way they talk, make people think they are buying the property, not the lease.
They just mention 99 year lease may be once or twice, and that's all.
They mostly talk about value, other people buying, price can go up, good location, good prospect, etc.
The remaining *lease* can be sold, to someone who is interested to take over, at an agreeable price to both parties.
Its a lease!
Exactly.
Thanks
Wow thanks!
the patersonpoh profile is empty. looks like fake account from someone...funny 🤔
@@SWTAN-JEFFREYfake account never mind, real money can liao. But seriously, I don't think having no info means fake; could be a pure viewer.
@@5canwalk (im not refer to kelvin) no profile means you cannot trace the money came from who, as the donor does not want to show his or her ID. (the profile TOTALLY ZERO ). For that matter, the $2.98 would constitute unclean and non-traceable fund. Either it is staged or ???
@@SWTAN-JEFFREYwhat's wrong with empty profile? Not everyone posts stuff publicly on social media.
If after buying and living in HDB BTO/resale for even 15 years and never sell, or renovate, or rent out rooms, or upgrade to private, or upgrade to better location HDB resale, or upgrade own work skills to earn higher salary. And keep kpkb and blame govt, the problem is NOT the HDB 99-year lease policy. The problem is your own mindset and attitude, hor.
Yes, I agree. Talk for the sake of gaining viewership and support. If you are not happy, don't buy HDB flats.
So buy freehold
Freehold for legacy,,not us to enjoy the fruits,,high entry , pay n pay till die then next gen took over free
The worse thing you can curse your kids is for them to know they can inherit property before they even learn how to earn a living for themselves.
@@chinchowpowpook if can afford, then free hold landed less stress. imagine you 80 year old still need to stress over the remaining lease of your flat along with teh all health problems
Young couples cannot afford living in Singapore. Better to immigrate to other countries where one can afford big car and house. Furthermore, the house and land is yours and no such thing as leasehold which is ridiculous.
Young couples needing to wait for about 5 years for BTO is not acceptable. The waiting time should be about 1, 2 years. The government wants more babies and yet the waiting time is so long and expensive. Pretty hypocrite.
Young couple now their salary is high
You buy a HDB flat with a 99 years lease obviously the lease will expire in 99 years. This applies to all properties with a given lease. What is the complaint all about? You go in with your eyes wide open. Just because because you buy a HDB flat you are entitle to ask the government to extend the lease whenever the lease is going to expire. What kind to logic is that? Be sensible and reasonable. Stop talking for the sake of talking.
As 80% of Singaporeans own hdb flat. Current ruling party PAP would not Risk the political risk to allow hdb lease yr runs to zero.
The first mission of HDB mandate given by our MM LKY was 居者有其屋. So it is common sense for the ruling party to know that not manage the lease yr properly would against HDB primary mandate, as well as political risk should the said lease yrs run to zero.