Can't help but to raise this issue again: Please Read NEWS with eyes wide open and brain functioning!
It is really hilarious to see news reported of some issues or some comments that doesn't make sense, and yet appear in newspapers as though they are facts! This time, I am referring to a Channel News Asia article with title: "Experts optimistic about take-up rate of buyback scheme", you can read the details at this URL...
The part I am referring to are as follow:
" Property analysts have welcomed the extension of the Enhanced Lease Buyback Scheme to four-room flats, noting that the option to unlock value from their dearest asset would now be available to close to 60 per cent of the population.
...
He also felt there was no need to extend the scheme to owners of five-room or bigger flats. “They can always downgrade. They also have more rooms to lease out for additional income,” he said. "
Comments:
* If 5-room flat owners can always downgrade, the same is also true of 4-room flat owners, why disadvantage against 5-room flats' owners?
* HDB 5-room flats also only have 3 bedrooms, and are no different in term of number of bedrooms compared to 4-room flats! So, if 5-room HDB flat owners can lease out their rooms for additional income, the same is also true for 4-room HDB flat owners which also have the same number of bedrooms. So, why there is no need to extend the scheme to owners of 5-room flats when 5-room flats are just like 4-room flats (except with an additional dining room)?!
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