MND Minister Lawrence Wong said that there would be serious implications if the lease of HDB flats were extended. I would like to add that it is only right for the Government to let the lease expire after 99 years. Why, then, should taxpayers bail out HDB flat owners upon expiry of their lease, when owners of HDB flats have already enjoyed generous subsidies There should not be dual standards between owners of HDB flats and private homes in this respect. Buyers of both types of property are aware that the lease will expire eventually for leasehold developments. Buyers could have paid more if they wanted a freehold property, for which the lease will never expire.... Continue Reading