I REFER to Thursday’s report, ‘Hard to get that first flat? Not so’.
In the past weeks, there has been a fair amount of negative sentiment against the Housing Board over flat availability.
I urge Singaporeans not to forget what the HDB has done for so long for which we should be thankful.
Most Singaporeans have forgotten that HDB was set up to solve the gargantuan problem of providing high-standard public housing for all.
HDB has worked hard. How can we say it has done a bad job? Do we live in villages like our forefathers?
Second, are HDB flats really unaffordable?
If one compares buying an HDB flat with buying a condominium or landed property, the cash needed upfront for an HDB flat is minimal. A buyer who sets aside a few hundred dollars a month for a few years will have no problem with the down payment.
There is no excuse, especially for young professionals and executives. HDB also has grants and comprehensive loan schemes with interest rates lower than market standards. Continue reading
