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Real Estate Realities by Ku Swee Yong

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7.

Re-examining the basis for public housing

— Shelter or asset?

18 April 2013, IPS Commons (www.ipscommons.sg)

Changes to public housing policies have been fast and varied. For example, the housing minister recently allowed singles to buy Build-To-Order (BTOs) and he gave further considerations for disadvantaged families. In addition, policies were tightened for new buyers in terms of loan requirements, thereby reducing the risks of a bubble forming in the face of rising resale values. Being cognizant about the impact of the clustering of foreigners in certain enclaves within HDB heartlands, he also addressed the rental of flats to foreigners so as to minimise the risks to our social environment.

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