SUBSCRIBERS
HDB lessees are owners of their flats, not renters: PM Lee
He says home ownership has improved lives significantly for all, keeping at bay the extremes of privation seen elsewhere
Add BT as a preferred sourcePublished Fri, Aug 24, 2018 · 09:50 PM
Singapore
On the issue of 99-year Housing Board (HDB) leases, Mr Lee refuted the notion that the lease is "merely an extended rental" and not a sale.
He said he found the argument by some commentators "frankly amazing", as many private properties are also held on 99-year leases but no one argues they are merely being rented.
Copyright SPH Media. All rights reserved.
