Mr Loo kanna whack for saying HDB will go to zero

[mgx-alander]

we all know it won't

it will...

 

[blue666]

Edmw like this snake oil seller so much ar

Keep posting his yt

 

[TA20222025]

TS is the YouTuber? If no, why bother posting his video here to help him earn clicks?

 

[fortunecat]

i no click

but of course it will be zero hor

though it feels horrible to know 800k depreciates to zero in 99 years

He says some people refused to believe it, and think govt will bail them out when it's time

 

[ribena.bing]

He says some people refused to believe it, and think govt will bail them out when it's time

unfortunately my dad may be one of them. i guess in the next decade he will get his wakeup call

 

[vj_style]

his pt abt going2zero is what purpose?

becos moar n moar paying millions for resale HDB. He thinks if u want to pay so much, u must know HDB after 99 yrs value is $0. Surprisingly, many commented tat he's lying

 

[junlove]

unfortunately my dad may be one of them. i guess in the next decade he will get his wakeup call

how to bail everyone out in perpetuality? esp if the price keep going up. everyone think by then HDB 1-2mil, each year tens of thousands of HDB lease ends, govt got money to bail everyone? 20-40 billion each year everyone just to make 20k ppl out of millions of voters happy? help lah

one day inflexion will come, just dunno when nia. musical chair can continues as long ppl willing to and game master never decide to change the game.

 

[ribena.bing]

how to bail everyone out in perpetuality? esp if the price keep going up. everyone think by then HDB 1-2mil, each year tens of thousands of HDB lease ends, govt got money to bail everyone? 20-40 billion each year everyone just to make 20k ppl out of millions of voters happy? help lah

one day inflexion will come, just dunno when nia. musical chair can continues as long ppl willing to and game master never decide to change the game.

bit by bit curb the price increase

if it crashes overnight, which i doubt will happen, it will really be a night of horror and many deaths

 

[artncraft]

Easiest for the government to let the lease runs to 0. The AMK SERS was a mistake that HDB will not repeat. VERS is also politically tricky, that's why no details to date.

 

[donut88]

You all forgot the lease period is just something on paper, created by certain policy.

It also means it can be changed by govt when it's necessary. 99 years can be extended or renew by decision makers.

 

[2yearswastedlife]

wa times so bad now ah? thats y he need to make clickbait vids? lol

 

[hellomoi]

will not get clickbait by this guy.
gotten yt to stop recommending moi his channel for gud.

 

[dontwastetime]

TS is the YouTuber? If no, why bother posting his video here to help him earn clicks?

Video Overview

The video discusses Mr Loo's previous video about the decreasing value of 99-year leasehold properties in Singapore, specifically HDB flats, as they approach lease expiry. Mr Loo notes the resulting heated debate and conflicting viewpoints within the community.

Conflicting Viewpoints on Leasehold Property Value

One group of viewers felt Mr Loo's points were obvious: 99-year leasehold properties will eventually return to zero value upon lease expiry. They criticized the video as stating the obvious and questioned Mr Loo's intelligence. Conversely, a significant number of viewers disagreed, believing that property prices will continue to rise and that the government will intervene through SERS (Selective En bloc Redevelopment Scheme) or lease extensions.

Government's Stance and Public Misinterpretations

Mr Loo cites Prime Minister Lawrence Wong's statement that all 99-year leasehold properties, including HDB flats, must be returned to the state upon lease expiry. He emphasizes that while the land retains value for the government, the property's value will go to zero for the owner. Despite this clarification, many viewers misunderstood or dismissed this statement, clinging to beliefs in continued price appreciation, government intervention, and lease extensions. Some even labeled the Prime Minister's statement as fake news.

Arguments for and Against Value Depreciation

Those who believed in continued price appreciation cited factors like scarcity of land, increasing labor and material costs, and inflation. They argued that property, unlike stocks, has utility value and will always be needed. Conversely, Mr Loo countered that the 99-year lease presents a significant risk that many people ignore, leading to potentially poor investment decisions. He provided examples from independent articles supporting the claim that property value significantly depreciates as the lease nears expiry.


Mr Loo's Conclusion and Upcoming Series

Mr Loo acknowledges the emotional nature of the topic and the difficulty of changing deeply held beliefs. He advocates for diversification of investments to mitigate risk and stresses the importance of financial awareness. Mr Loo announces an upcoming three-part series with Mr. Dragon Tan, focusing on the 99-year lease issue and offering a more balanced and practical perspective. This series will eventually culminate in revealing a method for making a million dollars, a formula already utilized by over a hundred Singaporeans.

 

[Shion]

this guy zero credibility left after his 1m65 hoo-ha...

 

[buttbERry]

siang is mr loo?

 

[ckt1978]

End of 99 of cos 0. Every body know

 

[lupster]

we all know it won't

Only kumgongs think this.

 

[rizhal]

You all forgot the lease period is just something on paper, created by certain policy.

It also means it can be changed by govt when it's necessary. 99 years can be extended or renew by decision makers.

Our flat building is designed for >99 years ?

 

[wutawa]

we all know it won't

Count me out

 

[Eliwood]

i no click

but of course it will be zero hor

though it feels horrible to know 800k depreciates to zero in 99 years

The only alternative to depreciation is to rent.

No idea why so many ppl who are so hung up abt leasehold refuse to consider renting...