'Fashionable' not to own or drive a car in Singapore: Sitoh

[DACH]

For HDB, u lease from HDB.

 

For leasehold condo/EC, u lease from SLA.

 

Both form of property ownership is lease according to your definition.

 

For condo, there is strata title.

[inlinesix]

For condo, there is strata title.

But still leasehold land leased from SLA.

 

Same same but different

[Kusje]

But still leasehold land leased from SLA.

 

Same same but different

 

so....

 

hdb is leased right?

[Lethalstrike]

Does he own or drive a car?

 

Do the rest of the ministers own and drive a car too?

Waiting for him to say they are not fashionable or for the ministers to lead by example.

Of course he does own one. And specifically he said young people, so all ministers automatically excluded as they are already uncles and aunties.

[Theoldjaffa]

Lease is lease.

You twist what kind of warped logic to it, it's still a lease.

You own the lease.

 

Therefore you are an owner.

 

Lololol

[inlinesix]

so....

 

hdb is leased right?

Other than freehold land, all else is lease

[DACH]

You own the lease.

 

Therefore you are an owner.

 

Lololol

[inlinesix]

Own the lease, not the house.

Lease only gives you the right to occupy the house.

Some perks of leasehold anyway, like structural problems HDB fix for you for free, not like ownership in which you pay yourself.

 

 

Wah, you literally "lethal striked" their age.

For leasehold property, do you own it?

[DACH]

For leasehold property, do you own it?

 

HDB, no.

Private condo, yes in a way of strata title. 

[Inlinefour]

Forced to ......... not willingly 

 

Stay in Sillypore we do what the 69.9% Zikaporean does

 

Just LL and follow what Pinky said 

You own the lease.

 

Therefore you are an owner.

 

Lololol

[inlinesix]

HDB, no.

Private condo, yes in a way of strata title.

If I don’t own HDB, how come I need to pay property?

 

If I don’t own HDB, how come I pay upfront fee rather than monthly rental?

[DACH]

If I don’t own HDB, how come I need to pay property?

 

If I don’t own HDB, how come I pay upfront fee rather than monthly rental?

 

You own the lease, not the unit. 

 

Rental is rental, lease is lease.

Rental is short term and renewable. 

 

You buy with a lease contract, not a sales agreement.

 

Don't get too hookwinked about those ownership confusion. 

Look at the legal document again when you bought your flat, it says "lease".

[Kusje]

Other than freehold land, all else is lease

So HDB is lease.

 

99 years condo is lease.

 

Then why is govt saying HDB isn't a lease? Isn't that fake news? Their argument should be that HDB is a lease but so is 99 leasehold.

[sake]

So HDB is lease.

 

99 years condo is lease.

 

Then why is govt saying HDB isn't a lease? Isn't that fake news? Their argument should be that HDB is a lease but so is 99 leasehold.

err..... who is peddling fake news?

 

https://www.channelnewsasia.com/news/singapore/hdb-flats-lawrence-wong-housing-factually-legally-wrong-renting-10682292

[Kusje]

err..... who is peddling fake news?

 

https://www.channelnewsasia.com/news/singapore/hdb-flats-lawrence-wong-housing-factually-legally-wrong-renting-10682292

 

Read the contract with HDB. Is it a contract for lease? Or a sales and purchase agreement?

[Kusje]

If I don’t own HDB, how come I need to pay property?

 

If I don’t own HDB, how come I pay upfront fee rather than monthly rental?

 

Not sure what you mean. If I rent my house to you for 1 year and ask you to pay the rental upfront, do you own my house?

 

Whether the sum is paid upfront, in arrears or whatever, has nothing to do with the ownership of the house. 

[Meanmachine]

Not sure what you mean. If I rent my house to you for 1 year and ask you to pay the rental upfront, do you own my house?

 

Whether the sum is paid upfront, in arrears or whatever, has nothing to do with the ownership of the house. 

   Eg: 2 year rental approved HDB flat.

 

   In a rental agreement of a HDB flat both landlord and tenant will sign the rental agreement of 2 years contract with tenant paying a security deposit of 2 months for 2 years rental and one month advance rental. By right the tenant is only occupying the flat for a specific period of time, tenant pays for the monthly PUB bills & phone bills which may or may not include internet provided by the L/L. ) Tenant is responsible for maintaining cleanliness of the interior of the flat ( aircon services, electrical appliance etc during his occupation. L/L is responsible for paying property tax, S&C and general upkeep etc.

 

   The is without doubt if landlord has fully paid all his mortgage loan, property tax & tax for income from the rental to IRAS whatsoever regardless of L99 year tenure. Landlord is the owner of the tenanted HDB flat.

[BenTong]

Actually best ppl to consult are the banks who give loan to buy HDB albeit open market. Haven’t really seen a financial institution clever enuf to give loan for rent.. unless it’s call an overdraft..

Edited September 20, 2018 by BenTong