Ultimately, a home in Singapore, regardless if taxpayer funded or thru private means, is meant to keep EVERY citizen provided with at least shelter & utilities, with thanks to our visionary & altrusic Founding & forefathers whom suffered MUCH under colonial rule in the past.
Singapore lays within a blessed location, from environmental & even financial opportunities location. With its PORT location whereby trade is the lifeblood of Humankind, it is a point where ALL compass points meet & thus financial opportunities....
And thus, even though we are not as rich as our neighbors whereby in times of adversity, they can still turn to agrarian practices to survive- with a few hens & quick sprouting veggies to harvest.
We Singaporeans have no such luxuries, but being a point whereby all compass points meet for TRADE, it created opportunities for many that need not rely on farming practices, but only on education & upskilling, to meet the needs of those whom uses our ports, & thus we will be able to survive, not by complacency, but ALWAYS to stay relevant to a changing World.
As all needs shelter, & thus it is only evitable to our land resources would rise in cost.
The insignificant nobody me had spent sleep-ness nites pondering upon how a taxpayer subsidized public housing HDB flat that cost $15k during our independence yrs would cost a million today, & how the innocent young of this generation can afford it....
But I also realized that in 1965, the basic average salary was only $300/mth, but today, it is above $3000 to $5000/mth....which means our precious youths would be able to keep up with loans, as our forefathers did, thanks to their efforts to turn a mere fishing village during brit self serving colonial times into what our bustling Ports are today, creating jobs, wealth & contribution to our treasury.
As inflation would naturally rise, to keep up with biz costs in a competitive free market environment, so too eventually would wages rise to retain staff, to what levels, would lay in the domain of Elected legislators & democratic institutions, for sustainability of lives & economy...
The future of land properties in Singapore would only continue to rise, & is a wise investment, when properly regulated, to prevent over-exuberance & over confidence. as many more would seek to live a better life here, to enhance jobs or create job opportunities here with their advanced marketing & skill knowledge.
So too with HDB's maintenance efforts such as SERS or improvements to older flats, which would be sustainable for at least 2 generations of citizens if not 3 to achieve the basic principle of home ownership & shelter.
For those whom invested in private properties such as condos or landed which are of FREEHOLD status & not on 99yr leases, such will still rise in value over time, so long as a good govt & support for pragmatic Worldwide stability is backed up by majority of sane citizens.
