99-year lease on flats

Tackling the HDB 99-year lease issue: Are HIP and Vers the answers?

Block 1 Lorong 7 Toa Payoh, which is 50 years old, is one of the oldest blocks of non-rental flats and could be a candidate for the Voluntary Early Redevelopment Scheme.
Block 1 Lorong 7 Toa Payoh, which is 50 years old, is one of the oldest blocks of non-rental flats and could be a candidate for the Voluntary Early Redevelopment Scheme. ST PHOTO: KELVIN CHNG
HDB terraced houses, such as these in Stirling Road, are a rarity and count among the older batches of HDB flats. One, for example, owned by hospital support staff worker Patrick Lee, has 49 years left on its lease.
HDB terraced houses, such as these in Stirling Road, are a rarity and count among the older batches of HDB flats. One, for example, owned by hospital support staff worker Patrick Lee, has 49 years left on its lease. PHOTO: SONG TAO FOR THE STRAITS TIMES

To address anxiety over expiring 99-year leases, the Government has announced measures such as the expanded Home Improvement Programme and the new Voluntary Early Redevelopment Scheme. Insight looks at how these allay concerns and what questions remain.

Ten years ago, hospital support staff worker Patrick Lee toyed with the idea of selling his Housing Board terraced house - a rarity - located in Stirling Road and which has 49 years left on its lease.

"It was getting old - the beams were rotting, the awnings were coming off, there was termite infestation," says the 58-year-old.

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A version of this article appeared in the print edition of The Sunday Times on August 26, 2018, with the headline 'Easing HDB owners' anxieties'. Print Edition | Subscribe