Housing for the people -losing bearing, losing sight
Chok Tong's assurance of more affordable housing for the people is being met with a big dose of scepticism. Not many want to believe him and I can understand why. Unless the details are work out wit a big change in the arithmetics, it is going to be 'more of the same and nothing new'. The media is splashing across its pages with news of many more sites being offered or going to be offered for more private housing. That's where the demand is, probably from rich foreigners. One developer quoted in the media commented that the sites in Simei and Pheng Geck Avenue could fetch $1000 psf on completion. So what is new? $1000 psf is the new standard of affordability. There will be more on offer. Singaporeans can watch with their salivas dripping from their mouths while the rich foreigners will grab them up, some from ill gotten gains transferred here as new money. As one forumer, Joshua Selvakumar, wrote in the ST forum, how could prices come down when the bids by contractors are going higher by the day? He quoted a 'surprise bid of $251m' which was three times the trigger price of $82m. Who is going to pay for such a high bid? No need to ask. And there was a little comment by the govt that the sites on offer would be withdrawn if the bids fell below its expected price. Govt is not about making money, more money and more money. Govt is about giving the people a good life, the general well being of the people. Who cares about the trillions the govt has in the reserves? Who cares if they have lost hundreds of billions in their investment. What the people is concerned about are their basic needs, like a decent and affordable homes. Not the shoe box quality in Hongkong and the Hongkong prices. A reporter even compared this and said how grateful Singaporeans should be. if we reach such a state like in Hongkong, who is to be blamed. We don't need a govt that set these as the standard or quality of living for the people. If the land price is not controlled, no matter how many more sites are put up, the cost of housing will keep running away, out of sync. Housing, medical and education cannot be equated to a commercial enterprise with commercial aims and objectives, and making as much money as possible from the people. Are we going to have more of the same, more 'affordable' flats? Are the scepticisms of the assurance justified?