Re:The Grenfell Tower inquiry is uncovering a major corporat...
by fakedang on Monday December 07, 2020 @01:22AM
(#25329815)
Singapore and the Middle East come to mind.
Imo, it's a good thing, since that mandates that the local municipalities have to keep maintaining the standards for the provision of services in areas with limited leases. On the other hand, areas with hands-off sales usually have very shoddy local services and shit maintenance.
My parents live in a relatively cheap area in a Middle Eastern city, where you can't buy the property, but only lease it for 99 years, yet the services there are far better than those in the more "glitzy" uptown areas with more expensive flats. It was the same story when I was flat-hunting in Singapore - locals prefer living in the HDBs while renting out the freeholds.
Imo, it's a good thing, since that mandates that the local municipalities have to keep maintaining the standards for the provision of services in areas with limited leases. On the other hand, areas with hands-off sales usually have very shoddy local services and shit maintenance.
My parents live in a relatively cheap area in a Middle Eastern city, where you can't buy the property, but only lease it for 99 years, yet the services there are far better than those in the more "glitzy" uptown areas with more expensive flats. It was the same story when I was flat-hunting in Singapore - locals prefer living in the HDBs while renting out the freeholds.