The Problem with HDB or Deflating the Housing Bubble-Part 2
In his Parliamentary speech Mr Khaw describes how the government’s asset appreciation policy had allowed some HDB owners to build up substantial nest eggs. However, Singaporeans have actually been short-changed by their government/landlord because they have been forced to accept housing quality and densities at a cost...
Restrict investors, not shoebox shops themselves
Bangkok Chatuchak Market – small shops in tight spaces I’m beginning to wonder if our National Development Minister is claustrophobic. After intervening in the private housing market in November last year to restrict the number of shoebox apartments allowed in suburban residential projects, Mr Khaw Boon Wan is now targeting...
The Problem with HDB or Deflating the Housing Bubble-Part I
Recent announcements by Mr Khaw Boon Wan in Parliament and on his blog indicate that he is rethinking the role of HDB in Singapore’s future. There seem to be hints that the PAP are abandoning their somewhat euphemistically entitled, “asset appreciation” policy which I call a policy of “deliberately creating a housing...
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