Do I really own my HDB flat?

Yes, you do. HDB buyers who purchase a new 99-year lease flat own the rights to their flats for 99 years, just like buyers of 99-year leasehold private properties.

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Claim: HDB flat buyers don't really own their flats, but are simply renting them.

Rating: False

As the owner of your HDB flat, you enjoy benefits that you wouldn’t be able to if you were renting your flat:

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Why the 99-year-lease? Why can’t we own our flats for 999 years?

Land is scarce in Singapore, so the leasehold system allows the land to be recycled and redeveloped. This way, the needs of future generations can be met.

If flats are sold on freehold basis, there won’t be enough land to build new flats for future generations, and our society will become divided between those who own a property and those who do not.

Since 1967, all sites for private residential land in Singapore have also been sold on leases not more than 99 years. Flats sold on a full 99-year lease is more than sufficient to cover you and your loved ones for life.

99-year, or shorter leases are not unique to Singapore. Cities like Hong Kong have residential properties sold on 50-year leases and Canberra has a 99-year leasehold system.

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