Call for open-market and non-open-market flats
SINGAPORE: Dr Paul Tambyah, Singapore Democratic Party chair, says his party’s public housing plan “will ensure that all Singaporeans have a roof over our heads while at the same time preserving value for those who have invested their life savings on public housing stock”.Dr Tambyah discussed public housing with Progress Singapore Party’s Wendy Low and SDP Cadre Azhar Sulaiman.
Accessible and affordable housing has been a hot-button issue lately, due to a shortage of housing units and skyrocketing property prices after the Covid-19 pandemic began.Dr Tambyah said there are individuals who treat public housing as an investment, and that was part of the problem. Using his own payslip as a young doctor from many years ago as an example, he said that while salaries may have gone up by two or two-and-a-half times over the past few decades, the price of resale housing has gone up as much as five times, and BTO and RFS flat prices have generally followed the trend of resale flats.
In other words, housing has become more expensive for medical officers today than it was for him 30 years ago. That is true for people in other professions too, he added.“Public housing is ensuring that individuals have clean, safe housing to live in that allows them to get on with the rest of their lives,”
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