SINGAPORE - National Development Minister Khaw Boon Wan said on Wednesday night that HDB flats have been the same size for the past 15 years, and are not shrinking, contrary to popular belief.
Mr Khaw was responding to a National University of Singapore (NUS) student's question on HDB flat sizes at the annual REACH Contributors' Forum.
He added that they will not be reduced to the size of Hong Kong flats, which are far smaller, reported The Straits Times.
He told the audience that he would "consider that a deterioration of our quality of life and we should avoid that".
But homes by private developers are another matter, he noted, citing the increase in "shoebox" units on the market.
He said the Government may have to step in if the proportion of such units becomes too high.
Mr Khaw also assured Singaporeans the the high property prices now is a "temporary imbalance" of demand and supply.
"In the past five years, the population was growing rapidly that infrastructure could not keep up so because of the temporary imbalance, prices shot up. HDB has been aggressively pumping units into the market and although Singapore is not in the steady stage yet... there is some stabilisation," he said.
"We are seeking their understanding and patience... we are getting there. We will continue to work hard at it. In the next five-year term, I'm committed to build at least 100,000 HDB flats if necessary," he said.