Category Archives: HDB

View from the Pinnacle @ Duxton

Posted on 3 Sep 2009 | Comments Off on View from the Pinnacle @ Duxton

Enjoying the view from one of the skybridges at HDB’s Pinnacle@Duxton are (from left) Mr Sng Cheng Keh, deputy executive officer (building); Mr Lau Joo Ming, managing director (HDB Building Research Insitute); Associated Professor Koo Tsai Kee, Minister of State for Defence and MP for Tanjong Pagar GRC; National Development Minister Mah Bow Tan; HDB chief executive officer Tay Kim Poh, and Mr Yap Chin Beng, deputy chief executive officer (estates and corporate). — ST PHOTOS: CHEW SENG KIM, ALPHONSUS CHERN

SINGAPORE will be home to possibly the world’s largest sky garden – 500m long and 24m wide and perched up to 50 storeys above ground. Continue reading →

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Debunking the HDB myths (Part 3)

Posted on 3 Sep 2009 | Comments Off on Debunking the HDB myths (Part 3)

Debunking the HDB myths (Part 3): Rising prices of HDB flats generate wealth for Singaporeans.

By Eugene Yeo, Consultant Editor

[In this 3-part series, Eugene Yeo sets out to debunk the three most pervasive misconceptions of HDB flats: – 1. Singaporeans own the flats, 2. The flats are affordable and 3. Rising prices lead to wealth creation]

MYTH # 3: Rising prices of HDB flats will lead to wealth creation for Singaporeans.

TRUTH: It will have a negative wealth impact due to higher financial liabilities according to a NUS study done by Abeysinghe and Gu Jiaying

In a reply to question from a MP who asked if a cap should be imposed on rising HDB resale prices during a Parliamentary session in July, Senior Minister of State for National Development Grace Fu noted that HDB flats remained affordable to Singaporeans.

She said:

“‘HDB flat prices should be a reflection of Singaporean’s wealth and it is “not a bad idea” for prices to increase steadily, especially for those holding onto negative assets bought in the previous market peak in the mid 1990s.’” Continue reading →

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