PM Lee likens HDB flats to hawker stall to explain why flats will have no value after 99 year lease

In responding to a post from his grassroots leader that people are upset that HDB flats will have zero value when it reverts to the Government at the end of the 99-year-lease, Prime Minister Lee Hsien Loong likened the situation to hawker stalls with 20-year-leases. Mr Lee responded to the grassroots leader’s question on HDB … Continue reading PM Lee likens HDB flats to hawker stall to explain why flats will have no value after 99 year lease