Luckily the minister is not fooled. Build some more, building another 16,000 BTO to keep the property prices from ballooning again. I can understand this and this is good for the people except the property developers and speculators. If you just have one property living in it, it is better that your $10m property be cheaper and has lesser property tax of pay. Those sitting on $50m property but no selling, those with several properties but not selling, will not be too happy for property prices to go up and pay more property taxes.
By the way, I support the govt to build more HDB flats for the average citizens. Keep the price low so that the people really can afford them and still got some money for retirement. Imagine if we could unwind the stupidity of not building HDB flats under the last regime, we would have solved our property problems when we had 20,000 units unsold, or at least the problem would be not so serious when the influx of foreigners hit the market.
I really hope there now some serious thinking in the govt for the good of the average Singaporeans by building more HDB flats and with a little surplus so keep HDB prices within the means of the average Singaporeans to be able to afford 4 or 5rm flats, not 2 rm flats only.Think the people first, think Singaporean first policy. If the PAP can really change its policies and care for the people, starting first with housing policies, then employment policies, then CPF policies, education policies, I think they can survive and still be in power to celebrate SG100.
There is another view on why the govt is continuing with the building of 16,000 units of BTO flats. I don’t blame them for thinking on the bad side. This view said the 16,000 units and more to come would still not be enough for the 6.9m population. The govt is building for the 6.9m not to bring down HDB prices and the cost of living. And the new MRT lines would still lead to jams and breakdowns as the capacity would not be enough. If this view is true, then the leopard really cannot change its spots.
Now which view is the real one? Who do you think?