Difficult to plan housing needs on a macro basis
This is what Lim Hwee Hua said at the Kampong Chai Chee dialogue. How many people agree with this statement? The residents were angry at the high prices of public flats which they knew were driven by exceptionally high demand and low supply. Any man in the street will be able to tell why when the distortion of demand and supply is so huge. No need super talent feats. Only those who chose not to see will say they don’t know. I don’t believe that someone is sleeping on the job. Neither do I believe that there is no data to show the macro pattern of population growth. The population growth is not 100k or 200k, it is once in 50 years type of increase! What is the real reason for the fiasco? Like they said, the truth will never surface aka Mas Selamat’s escape. Another comment from Lim Hwee Hua is that first time flat buyers are finding it difficult to buy flats because COV is too high. Is that so? What about the prices of new flats and resale flats? If it is just COV, then prices of new flats and resale flats are affordable. Sure affordable as many are snapped up on launches, except that the buyers will hang millstones on their necks and pray that they will be able to repay the loans over the next 30 years. When there is no other choices, the buyers will just have to take whatever that is available at the price of the sellers.