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Many HDB lessees are still praying for a miracle despite the drastic drop in prices of flats older than 40 years (image below).

s for the PAP, it business as usual: retirees die their own business.
Any issue that doesn’t affect PAP elites will continue to fester until Singaporeans start to think and pose a threat to their grip on power, eg PAP constructed more HDB flats only after losing one GRC.
Similarly, increasing MRT  breakdowns/shutdowns don’t affect chauffeured-driven elites and so they continue to experiment with the system by sending in another general.  After the present one has failed.

The problem is bigger than most HDB lessees think.  If the solution is simply to allow a similar quantum of CPF to finance mortgage of flats older than 40 vs less than 40 years, PAP would have done so.

It can’t.

More at https://www.prolificskins.com/forum/current-affairs/older-hdb-flat-prices-continue-to-retirees-die-their-biz



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Re: Older HDB flat prices continue to ↓, retirees die their biz
« Reply #1 on: May 02, 2018, 10:45:36 pm »
Depends on location and views bah ....

In any case, HDB is for staying and is a consumption item, not an investment.  Should sell after 5 years MOP and upgrade to condo ....  use it as a stepping stone ... a means to an end,  not an end unto itself.

"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."