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Anonymous

17 Nov 2020

Is there a big difference between HDB and Private Condominium of 99 years lease old?

Both expire in 99 years and the government will take back when the lease is up. So ignoring comfort, location, facilities and prestige, isn’t buying a HDB and Private property (99yrs) the same?

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    What are your thoughts?

    Hey there Anon, if you're benchmarking just for lease period then it's the same! But I think why people choose to go for private housing (i.e. condo, landed, private apartment) can be attributed to the following non-exhaustive reasons:

    1. Safety: having a gated community for safety reasons. Probably important for parents' ease of mind when their kids roam around

    2. Privacy: don't like the fact that public housing means anyone can come up to your house

    3. Facilities: condos come with pool, gym, private park (some) etc

    4. Pets: some pets are not HDB-approved so having a private house removes that restrictions

    5. Posh lifestyle: seems silly but to some, it matters a lot and we're not here to judge so whatever floats anyone's boat

    6. Many more but I can't think of anymore hahaha

    Hope this helps!

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