HDB is a ponzi scheme if it does not allow us to redevelop the land costs after 99 years since it is included when we pay market prices


Or SERS should be applied for our future generation to buy a HDB flat without land costs, or the demand of HDB flats will be drastically reduced in the future, everybody would rather buy private since HDB flats are no longer an asset but a liability. Contributed by Oogle

Tan Tee Seng makes a good point here. When Singaporeans pay for their HDB public housing flat, we are also paying for the land costs.

But right now, after 99 years when it is mandated for us to return the HDB flat to the government, the value of our flat goes to zero. However, if we had also paid for the land, and if the land is also returned to the government, shouldn’t we be refunded the money we paid for the land?

It is estimated that the land makes up 60% of the HDB flat price. If so, at the end of 99 years, shouldn’t we be refunded at least this 60% of the money we paid for the land, or even including the interest earned on the CPF we used to pay for this land?

In fact, if we had paid to “own” the HDB flat (like the government likes to say) and in effect the land the flat sits on, does this not mean the government should have to buy the land back from Singaporeans at market prices?

Then why is the government taking it back for free? Why is the government not paying Singaporeans for the land we “own”?

Can the government make us pay for the land and pretend after 99 years that we did not pay for it?

Plainly, it should be either that Singaporeans do not need to pay for the land when we pay for the HDB flat, or that after 99 years when the HDB flat is returned, the money that we had paid for the land should be returned, with the interest earned.

Otherwise, you have to ask why are you using your CPF to pay for land that does not belong to you in the first place, with the money then also forfeited when you return the HDB flat after 99 years?

Is it reasonable that the value of the HDB flat (including the land) goes all the way down to zero when the value of the land would have actually increased?

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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