Is HDB’s market-subsidy policy worthwhile to preserve?
We have one of the most liberal property ownership policies for foreigners despite our very limited land resources. Examining the supply chain from the top, the government releases land as and when it chooses to based on a reserve price it sets for itself. Developers are then invited to tender for the land and it gets sold to...
Damn those sacred cows
So, here’s the thing. The Senior Minister of State for Education, Lawrence Wong, is speaking the same language Dr Vivian Balakrishnan did 10 years ago. Mr Wong is even using the exact same terms Dr Balakrishnan, who chaired the Remaking Singapore committee in 2002, did. “There will be no sacred cows…there will have...
Housing woes of a single mother in Singapore
Amy and Mary (not their real names) came with Jane, a 35 year old unmarried single mother, who is staying in a shared 3-room HDB flat under the Interim Housing Scheme (IHS) with her 4 year old son and 55 year old mother. Amy and Mary used to stay ia a homeless shelter, and are now staying in the IHS. Jane pays $245 monthly rental...
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