Every HDB flat will be a valuable nest egg for retirement, says PM Lee

[laksaboy]

I noticed there's very aggressive marketing of HDB flats recently e.g. in lifts' digital ad boards. Quite unprecedented.

 

[glockman]

www.channelnewsasia.com
Singapore

Every HDB flat will be a valuable nest egg for retirement, says PM Lee​

Prime Minister Lee Hsien Loong adds that all public housing towns and estates will be good places to live in, and that "property values will reflect that".

Singapore's Prime Minister Lee Hsien Loong with Law and Home Affairs Minister K Shanmugam at the Chong Pang Integrated Development's groundbreaking ceremony on Mar 26, 2023. (Photo: Ministry of Communications and Information)
26 Mar 2023 09:44PM (Updated: 26 Mar 2023 09:51PM)

SINGAPORE: Singapore's Prime Minister Lee Hsien Loong on Sunday (Mar 26) said it was the ruling People's Action Party government's promise that all Housing Board (HDB) flats would be good homes as well as valuable nest eggs for retirement.
"We strive very hard to make all our new towns, all our HDB towns highly liveable," he said.
"For one reason or other, there will be some which will still be more popular than others. I think that is just the way things are, it cannot be helped. But whether the town is very popular or very, very popular, every town and HDB, every estate you live in, you can be assured that it is well-planned, well-appointed, well-maintained."
"And it will be a good place to live in, and your property values will reflect that," Mr Lee added.
He was speaking at the groundbreaking ceremony for a new integrated development at Chong Pang estate, first announced in 2020 and slated for completion in 2027.
The new Chong Pang City is an example of what's being done all over Singapore, said Mr Lee.
"We are building HDB estates, but not just houses, but also up-to-date amenities to meet the modern living needs of residents," he said.
"We are progressively redeveloping the older precincts to refresh the living environment with new homes and new amenities and infrastructure."
"And we want every one of our HDB towns, new or old, to be of high quality."

​

Most cities elsewhere find this "very difficult" to achieve, said Mr Lee.
"If you go to most cities, you will see that some areas are very nice, that is where the tour guide will take you, but there will be other areas which you may not see as a tourist - neighbourhoods left behind without much amenities, dilapidated or run down, or inconvenient to live in because it is a long journey to commute to work or to school."
In contrast, every town in Singapore can be assured of "amenities, schools, clinics, hawker centres, kopitiams, sport facilities, good transport connectivity, not just within the town with shuttle bus services, but expressways, MRT lines to the rest of Singapore", the Prime Minister added.
"Our public housing system works, and I think Singaporeans know that," said Mr Lee.
"With your support, we will continue to keep this system running well, and we will deliver on our promise to Singaporeans for many more years to come."
Public housing - in particular its cost - is a perennial hot-button topic in Singapore, with an opposition party last month claiming the system was "fundamentally broken" and calling for a reset of policies.
But this was dismissed by a majority of lawmakers in favour of a counter-motion affirming the government's commitment to affordable and accessible public housing, while stressing the need for sustainable policy improvements instead.

 

[Liquigas]

Is it not true for those who purchased HDB flats 30, 20 or even 15 years ago?

 

[bigozt]

Picture - Ah Loong and dogs wearing SDP colours???

 

[eatshitndie]

xuay xuay are those pioneers who kena sers en bloc. after paying off flats over the course of 4 decades, cannot kiau kar retire in piece oops peace at home, have to liquidate and find new flats which are smaller, less conveniently located, and more sexpensive to move into in their twilight years. and then adding insult to injury, have to sign a new 99-year lease with additional $69k to hundreds of thousands to pay depending on size and location of new flat. if sign a 50-year lease, only get less than $69k in discounts.
https://dollarsandsense.sg/sers-process-beneficiaries-unhappy/
https://www.todayonline.com/singapore/ang-mo-kio-sers-residents-unhappy-hdb-1924911
https://mothership.sg/2022/06/hdb-amk-sers-compensation/

 

[winnipegjets]

With that assurance, Sinkees can live happily ever after. That's why they are willing to sacrifice higher returns to let the PAP use their money (in CPF) to make more money for the country. Sinkees are the most patriotic people in the world.

 

[CPTMiller]

HDB owners millionaire or wanted be millionaire must be laughing every day