 He added that for the vast majority of flats, the leases will expire and the flats will be returned to the HDB, which will in turn have to surrender the land to the state.On 3 April 2018, a retiree wrote into The Straits Times forum highlighting the plight of senior citizens who are unable to monetize their old flats for retirement needs as prices came down after Wong's revelation.Maintaining the government's stance on asset enhancement, Prime Minister Lee Hsien Loong said, "It enables every Singaporean to share in our economic growth, because as the economy grows, so will the value of your home.