‘IF HDB owns the HDB flat and the land it sits on. When we buy our HDB flats. Why do we pay for cost of land+cost of construction?’ How is the price computed and what is the cost of building the flat is TOP SECRET, guarded closely by the govt. After years of barraging the govt, all the people got was a stone wall. The govt that prides itself for transparency and demanding everyone to be transparent would not be transparent on the cost of building a flat. Any hypocrisy? The govt has also finally admitted in Parliament that at the end of 99 years, the flat will go back to the govt as it is on a lease. The question is whether the price of the flat, the lease, consists of the lease for use of the flat and the lease on the land it sits? If this includes the lease of the land, then how is this price? Is it based on the sale of the land for 99 years or the lease of the land for 99 years? And as rightly pointed out by many, if the lease of the HDB flat is for the use of the flat, why are the lessee made to pay property tax, made to pay for maintenance and upgrading of a property that does not belong to them? If the property is run down, shouldn’t the owner of the property and the land be the one to pay for its refurbishing? Windows falling off, ceiling leaking etc, whose responsibility?
Posted on: Thu, 17 Jul 2014 04:15:53 +0000
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