HDB flats will be “severely unaffordable” using the Median Multiple as a benchmark of housing affordability
By Eugene Yeo, Consultant Editor (Editing by Jeremy Yau) [This article is an addendum to Part 2 of the Trilogy - "Debunking official myths of HDB flats: HDB flats are affordable to most Singaporeans"] In a letter published in the Straits Times forum on 31 August 2009, HDB Deputy Director Mr Ignatius Lourdesamy wrote that HDB...
Debunking the official myths about HDB flats (Part 2): HDB flats are affordable to the most Singaporeans
By Eugene Yeo, Consultant Editor [In this 3-part series, Eugene Yeo sets out to debunk the three most pervasive misconceptions of HDB flats: - 1. Singaporeans own the flats, 2. The flats are affordable and 3. Their rising prices will lead to wealth creation] MYTH #2: HDB flats are affordable. TRUTH: HDB flats are affordable...
Time for the young to drive the creation of a two-party system in Singapore
From our Correspondent When Singapore Prime Minister Lee Hsien Loong extended his congratulations to Mr Yukio Hatoyama on his Democratic Party of Japan's (DPJ) landslide election win, it is not lost on him that the losing Liberal Democratic Party (LDP) has run Japan since 1955 for all but 11 months in the early 1990s, 4 years...
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