Drawbacks of HDB using STIR benchmark of 30 per cent to assess public housing affordability
By Eugene Yeo, Consultant Editor [This is an addenum to Part 2 of the Trilogy: Debunking official myths about HDB flats: HDB flats are affordable to most Singaporeans] In a letter published on the Straits Times Forum on 31 August 2009, HDB’s deputy director Mr Ignatius Lourdesamy wrote that HDB flats remain affordable to eligible...
Debunking the HDB myths (Part 3): Rising prices of HDB flats generate wealth for 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. Rising prices lead to wealth creation] MYTH # 3: Rising prices of HDB flats will lead to wealth creation for Singaporeans. TRUTH:...
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...
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