June 23, 2005
Singapore Critic takes issue with the meaning of ownership as defined by HDB and compares it to renting a private apartment.
...an overwhelming 95.6 percent of households interviewed prefer to own rather than rent a flat. ".
My question now would be:
- How many of these people actually think that they "own" their 99 year lease hold flat?
- How many of these people actually know that they are actually "renting" these HDB flats from the government, and not "buying" them?
- Or are these people voicing their unhappiness that these flats are "leasehold"?