HDB flats retained value even as the lease runs down, insisted Finance Minister Heng Swee Keat. Does this assertion hold water?
Assuming the fictitious 25-year-old character is a woman who was married before she got her BTO flat, and assuming she had 2 children, and that her husband passed away before she did at age 85, her 2 children will inherit this HDB flat.
If they own private property, they have to sell away the private property within 6 months of inheritance. From a financial standpoint, this flat may seem unattractive for one child to buy over the shares from the other to live in it because the price of that particular HDB flat will dramatically drop in line with flats which have 40 years of lease left.
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