High demand for HDB flats due to immigrants
The most authoritative political writer of the ST has given her take on the high demand and high prices of HDB flats. Chua Mui Hoong has concluded that it was due to high demand, particularly from the immigrants. She quoted figures to support her conclusion. 25,000 couples marry each year. Over 7,000 couples file for divorce annually and some may need a new home. In 2008, nearly 80,000 granted PRs and 20,000 given citizenships.The number of resale transactions in 2009 was 37,205, a 31% increase over 2008. Were her figures convincing? I think so. And she must have got them from official sources, not from the gossip circles. HDB has replied a few days ago that the cries of demands were misplaced as demands were not high and they have enough supplies to cater for them. Everyone who applies will get a flat in 3 years! And inspite of saying that, HDB is ramming up the building of more flats. I think if the demand is not there, the high building programme will end up with over supply. But then again no. Only those who have registered are considered demands and when there are enough demands then only HDB will build. Somehow HDB is missing something. Chua Mui Hoong should present her statistics to HDB to let them have a better look at the overall picture of population growth. But it may be of no use as the numbers may not be translated into genuine demands if the immigrants did not apply to HDB. So, who is wiser?