National Development Minister Lawrence Wong said that there would be serious implications if the lease of HDB flats were extended (Lease extension a complex issue, says Lawrence Wong; May 18).
I would like to add that it is only right for the Government to let the lease expire after 99 years.
The Government has taken this stance with private property, where the first batch of affected owners will have to vacate their homes in 2020 (Govt taking back 191 homes in Geylang when lease ends; June 21, 2017.)
Why, then, should taxpayers bail out Housing Board 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.
Lee Yong Se