As per the title, have you ever gave a thought about it? I understand that many people do not care because they think that they will not live to see to that.
As we all know, buying a HDB is like renting an apartment from the government with 99 years lease tenure.
Singapore is celebrating its 50 years birthday this year. In another 50 years time, a least 5-10% of the HDB flats would have matured or expired in terms of lease especially those mature estates.
I have asked some experts' opinions on - what will happen to these flats? Really zero value since the tenure is up?
There are different views. First of all, some said that HDB will enbloc those HDB flats before they reach the 99 years lease, maybe when the flats are 30-40 years old. In this way, existing flat owners will be compensated; and they can take the money to buy another HDB flats; and this cycle will carry on and on.
Another view is that HDB will lapse the lease term, that is zero value. Existing owners will have zero value. HDB will reprocess these flats, either demolish them and rebuild new ones, or renovate the flats (subject to struture approval from BCA give that these flats are already 99 years old) and resell to new buyers.
What are your views?