Goh Meng Seng People's Power Party
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People's Power Party - PPP
·The False Dream Sold by the Asset Enhancement Scheme: What It Cost Us
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The belief that HDB flats are ‘retirement assets’ is fundamentally flawed. In reality, these flats are meant for housing all generations, not as investment tools. The 99-year lease policy only works if we’re ready to rebuild and renew by year 30.
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For years, the Asset Enhancement Scheme lulled us into a false sense of security, selling us the idea of forever ‘enhanced’ values. In chasing short-term profits, Singaporeans may have jeopardized their own future and that of generations to come. With each passing year, the sustainability of our housing market grows more uncertain.
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The way forward is clear—focus on creating a housing policy that prioritizes need over profit. This means acknowledging the limits of 99-year leases and planning for regular rebuilding cycles. Only by doing so can we ensure a stable, sustainable future for all.
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#hdb #retirement #singaporepolitics #singapore #singaporehousing