Return HDB to its roots of building homes, not short-term assets

The Government is seeking views on how to price and allocate new public housing flats in prime areas, in a way that stays true to the values of accessibility, inclusivity and diversity in public housing.

As Second Minister for National Development Indranee Rajah wrote in a commentary, “Striking a balance in building HDB flats in prime locations”, on June 10 in The Straits Times, such flats would cost more than many other Housing Board flats to build given their expensive prime locations. Such flats are likely to fetch higher gains when sold on the open market after the minimum occupation period (MOP) of five years, giving these owners windfall gains. Are there ways to claw back those subsidies or gains?

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article