You are here

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

BT_20180825_HDB_3542728.jpg
'HDB lessees have all the rights over their flats that owners of such leasehold private properties have. You can live in it, you can transact it, you can bequeath it to your children - it is yours." - PM Lee.

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...

sentifi.com

Market voices on: