Minister Lawrence Wong and his cabinet colleagues don’t live in 99-year lease HDB flats.
With their millions, chances are, they would be living in landed free-hold properties in choice areas. Their properties are for keeps which they can pass on to their succeeding generations.
They therefore don’t have the anxieties that we ordinary mortals have.
That is the difference.
Unlike your COE for motor vehicles the HDB and most other private properties’ COE is for 99 years.
Source: Mohamed Jufrie Bin Mahmood