Tag Archives: Studio

HDB TO MAKE WINDFALL BY MERGING STUDIO WITH SHORTER LEASE FLATS?

I refer to the Straits Times news report “Seniors buying Flexi flats can choose fittings too” (Aug 20). As the 15 years lease 2-room flats cost as much as $46,700 (without grants) plus the cost of optional fittings – will the HDB make even more money selling 2-room flats with shorter leases? By recycling these flats every 15, 30 or 45 years against the $110,000 for a 99 years lease – will the HDB make even more money in the future?

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