HDB flats beyond the reach of many Singaporeans

Posted in the Singapore Forum

baldeagle

Singapore, Singapore

#1 Mar 27, 2013
Just a simple proposition to bring down the price of new flats to a level that is affordable for Singaporeans in the lower income bracket.
Current Lease 99years
proposed Lease 45years at half the listed price now
Control measures - Leased to deserving Singaporeans with urgent need of a house. Not allowed to be floated in the open market and to be returned to HDB when lease expires or other reasons
Loan by HDB only
This move will bring back the basic fundamental of HDB as a public housing agency rather than a property player
What say you????
Bald Eagle
Observer

Puchong, Malaysia

#2 Mar 31, 2013
baldeagle wrote:
Just a simple proposition to bring down the price of new flats to a level that is affordable for Singaporeans in the lower income bracket.
Current Lease 99years
proposed Lease 45years at half the listed price now
Control measures - Leased to deserving Singaporeans with urgent need of a house. Not allowed to be floated in the open market and to be returned to HDB when lease expires or other reasons
Loan by HDB only
This move will bring back the basic fundamental of HDB as a public housing agency rather than a property player
What say you????
Bald Eagle
The best way to control price rise is to increase supply.

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