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Lift Upgrading Projects

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31-10-2020, 11:00 AM

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Lift Upgrading Projects

An honorable member of the Coffee Shop Has Just Posted the Following:

I am wondering. Government says our HDBs are 99-Year lease and has 0 value when it expires. So in essence, we are just tenants who pre-pay our rental by 99 years. then why when Landlord (HDB) wants to upgrade the lifts of their property, we have to pay for it and up to 3k?

Also, based on a typical block of flats, that could amount to 200+k. While I am not sure how much it costs to change 2 lifts, but i am sure it covers quite a fair bit.

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