SINGAPORE: Leader of the Opposition Pritam Singh on Tuesday (Feb 7) said that the “sacred cow” of not building new Housing and Development Board (HDB) flats ahead of demand is “one that needs to be slaughtered”. This is particularly because of the “serious implications” an overheated housing ma
SINGAPORE: Leader of the Opposition Pritam Singh on Tuesday said that the “sacred cow” of not building new Housing and Development Board flats ahead of demand is “one that needs to be slaughtered”.
“The Government regularly trots out the HDB housing backlog after the Asian financial crisis as a reason for not wanting to build excessively,” said Mr Singh. “We will press on. This high tempo will continue and by about 2025, we expect to have about 150 BTO projects going on at the same time,” said Mr Lee.
“I would like to ask the minister how do these exceptions – because they are exceptions – avoid the often-heard PAP criticism of raiding past reserves,” said the WP chief. It was important for the Government to give a breakdown of the dollar value of taxpayer subsidies for the home ownership programme, he said.
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