17 April 2018
HDB's CEO Dr Cheong Koon Hean said in a forum last week that buyers of resale flats should pay less for older flats because these flats have a lease of 99 years.
This is bad news for Singaporeans who paid premium prices for the flats because we were promised that the value of our flats would appreciate over time. Moreover, many used our CPF savings to service the housing loans.
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