in the past, the gov wanted more people to own their homes, to get our immigrant forefathers and mothers to sink their roots here.
what better way of encouraging people to buy HDB flats than to have an implicit guarantee that prices will rise and they will make a windfall 10/20 years down the road?
but now, it is the children of that generation who is paying the price of that faustian pact. how long before our children have to pay 1M for a 4 room HDB flat?
now with home 'ownership' at more than 90%, it is high time for them to re-think the policy of ever escalating ppty prices.
Price stability for ppty is far more desirable than ever escalating prices in 21st century singapore.
what better way of encouraging people to buy HDB flats than to have an implicit guarantee that prices will rise and they will make a windfall 10/20 years down the road?
but now, it is the children of that generation who is paying the price of that faustian pact. how long before our children have to pay 1M for a 4 room HDB flat?
now with home 'ownership' at more than 90%, it is high time for them to re-think the policy of ever escalating ppty prices.
Price stability for ppty is far more desirable than ever escalating prices in 21st century singapore.
