10/08/2009

Housing shortage problem solved!

50 to 60% of BTO applicants did not take up the flats offered to them. And the excuses they gave for not taking up the flats were more spurious than genuine. The conclusion, first timers applying for flats, most or almost all, will be successful. So there is no shortage of public housing problem. And I would suggest that there is no need to put up more BTOs in a hurry. What for, when there is no real urgency? Putting up more will only lead to a glut and over supply. Come to think of it, under the BTO scheme, if anyone applies for it and failed to get a flat, then something must be seriously wrong with the system. It is built on demand. And application is submitted 3 or more years in advance. How can any applicant failed to get his flat? The failings are first timers who needed a flat fast, not having to wait 3 or more years. This is the crux of the problem. In 3 years, many things can happen. The marriage may even be called off, or the couple may strike lottery or their income gone above the $8k ceiling, or they may inherit the flats from their parents or someone else. Anyway, the public outcry for shortages in public housing is a hoax, imagination, biased and unfair demand for attention.

7 comments:

Anonymous said...

There are plenty of hoaxes as there are simply too many hoax makers in this society.

patriot

Matilah_Singapura said...

> 50 to 60% of BTO applicants did not take up the flats offered to them. <

Hand the failed assets over to Far East lah. They do a better job than HDB as far as housing is concerned.

Govt run ==> govt failure

redbean said...

no, sell them to PRs and new citizens. wally will tell you they are willing to pay high prices.

Matilah_Singapura said...

Sure. But use Far East to do the business. Govt should not be doing business. Leave it to the experts -- they have the skill, they deserve to profit.

Anonymous said...

"Sure. But use Far East to do the business. Govt should not be doing business. Leave it to the experts -- they have the skill, they deserve to profit".

Sure or not? Mr Matilah.

Singapore Government ia also known as Singapore Inc not for nothing leh. Every inhabitants in this Sinland is a customer to the Regime, You know?

patriot

marlin212 said...

You guys are so lucky and yet you all still complaint so much.

redbean said...

hi marlin, you migrated or what? nice to see your post again. you are right, singapore is a paradise. the things that we griped about are just like mosquito bites. nothing really serious.

down the road, who knows?