HDB: Housing until Die Broke?
I refer to the article “Owners of older HDB flats split over Vers” (Straits Times, Aug 21). It states that “Vers allows residents in selected precincts to vote on whether to sell their flats back to the Government early, after the flats have crossed the age of 70. It is part of a long-term plan to progressively redevelop...
Tay Kheng Soon: The lack of a strata title could adversly affect the VERS scheme
Since the issue of redevelopment is topical it is necessary to differentiate condos and hdb flats since both are on 99-year leasehold land. In the case of private condos, many are on 99-year leases but all the units have a strata title. A strata title defines the unit size and its undivided share of the land. For example, let's...
Do you know that CPF Life eats up all you accumulated interest if you die early?
An old schoolmate from RI (Raffles Institution), CK, alerted me to the following: “3. What happens to the premium if I pass away? A bequest is the amount of money that you leave for your beneficiaries when you pass on. If you are on CPF LIFE, the bequest refers to the unused annuity premium and Retirement Account...
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