tag:blogger.com,1999:blog-17473688.post4651212731417551960..comments2024-03-19T18:57:59.658+08:00Comments on My Singapore News: HDB lease buy back schemeChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-17473688.post-47307942682145558312007-09-03T13:37:00.000+08:002007-09-03T13:37:00.000+08:00Geez.. ntuc reverse morgue plan not many pp want, ...Geez.. ntuc reverse morgue plan not many pp want, so big bro big taking up bigger form of reverse morgue to kotok us ar?<BR/>wa lau eh.. sie jia lat la like this.. ;PAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-75401795254457337202007-09-03T12:48:00.000+08:002007-09-03T12:48:00.000+08:00I think the monthly amount you can get will be ver...I think the monthly amount you can get will be very little if going by the current reverse mortgage plans sold by NTUC, that is why it is not popular. This lease buy back plan should work on the same principle. <BR/><BR/>The jokers valuation of $50k is not impossible. Remember, Singapore is a 'city of possibilities'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-19820732200690518542007-09-03T08:51:00.000+08:002007-09-03T08:51:00.000+08:00it depends on the market value lah. but hearing fr...it depends on the market value lah. but hearing from a few so called expert, they are valuing it below market value, for a killing.<BR/><BR/>the last 30 years of the least is likely to be the rental value it can bring it. say a 3 rm fetching $1,500 pm rental, that is $18,000 a year x 30 years is $540,000 potential revenue. even at $1k it should generate $360,000.<BR/><BR/>i heard some jokers saidChua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-82852121281168607702007-09-02T22:09:00.000+08:002007-09-02T22:09:00.000+08:00Wa seh, veri kum xia hor, ang dao peng you! so you...Wa seh, veri kum xia hor, ang dao peng you! so you mean the monthly sum enough for use ar?<BR/>if i ah peh then i go sell my flat liao, then how? no la, i not going batam gio guay or gio tiong kok chio bu la..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-38525650404172240042007-09-02T18:52:00.000+08:002007-09-02T18:52:00.000+08:00say you are 55. you bought the flat at 25. so flat...say you are 55. you bought the flat at 25. so flat lease still got 69 years. you expect to live till 85, ie 30 yrs more to go.<BR/><BR/>by then your flat would be 60 years. you go you no need flat. so remaining 39 years sold back to hdb at a price determine by market price.<BR/><BR/>govt pay you one lump sum at time of lease buy back plus monthly sum till 85 or you die.<BR/><BR/>so you can live Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-89933495252561113102007-09-02T11:43:00.000+08:002007-09-02T11:43:00.000+08:00Geez.. Say come say go I still don't know very cle...Geez.. Say come say go I still don't know very clearly what this buy back hdb scheme is about at all? Anyone care to enlighten?<BR/><BR/>Kum sia hor. :)Anonymousnoreply@blogger.com