I Don’t Own My HDB, And I’m OK With That
By Early Retirement SG  •  January 18, 2022
I've written about HDB 99 year LEASE a couple of times. Note: LEASE is in caps... cos... LEASE is LEASE. You don't own it. Tell yourself whatever you want. Anyway, I've accepted that I don't own my HDB. And I'm ok with that. For the past 2.5 years when I've been out of the country, I've been renting. I don't know how much the rental was in Paris, cos the company handled it. But in US, the apartment cost me US$1,830 every month. I signed a 99 year lease contract with HDB to rent this place at Dawson for S$45x,000. I forgot the exact price I had to pay for the BTO. This works out to be around S$400 per month using straight line depreciation. (Not counting bank loan and interest.) Current price for a similar unit in the block I stay is around S$820,000. So even if I take over someone's remaining 93 year lease from within the same block,...
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...

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