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Government says 99-year lease needed to keep HDB prices affordable

02:35 Min

The Government says having a 99-year lease for HDB flats is necessary to keep public housing in Singapore affordable for future generations. Prime Minister Lawrence Wong and National Development Minister Desmond Lee say this is also to ensure land rejuvenation can continue. Alexandra Anand reports.

The Government says having a 99-year lease for HDB flats is necessary to keep public housing in Singapore affordable for future generations. Prime Minister Lawrence Wong and National Development Minister Desmond Lee say this is also to ensure land rejuvenation can continue. Alexandra Anand reports.

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