atans1

2033: Real reason why PAP rule will really end

In Political governance, Property on 21/10/2017 at 7:07 am

When I wrote Today SMRT, TOM Resale Public Housing which tells readers living in HDB flats how much time they have to enjoy “asset enhancement” after paying off their “affordable” 25-year mortgage (before the value of their HDB flats collapses according to calculations made by the constructive, nation-building ST not anti-PAP cynernuts), a regular reader linked my tots to an earlier piece Why 2033 will be the yr PAP rule ends.

By then the problem of large swathes of HDB estates’ (not just blocks here & there) impending demise to zero value will be front & center.

this fat cat rentier pointed out referencing Why 2033 will be the yr PAP rule ends

So u really think Ah Loong wants his son to be the 5th generation PAP PM? Something his siblings and anti-PAP cybernuts allege?

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  1. 2033 might be a tad too early – the crunch is when flats have 35 years left to go. In 2033, only those bought in 1969 and before will get hit. Much more than today ofcos but not yet big enough to hit a large enough proportion of HDB owners. Comment on this at length on my FB.

    • True but it’ll be iconic estates that are associated with the first major PAP HDB projects that will be hit. Tao Payoh and the part of Queenstown around the Commonwealth Road area, both developed by the PAP in the late 1960s. It’ll bring home the reality of 99 yr leases.

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