First they stop building HDBs to cater to potential demands by introducing the BTO scheme, building to actual demands.
Then property prices soared partially due to a supply not being able to keep up with demand and they react by building based on some finger in the air approach.
Now that they project there could potentially be excess units, they'll tweak the rules again to benefit them.
And I predict that all they've done to address Singapore's housing will be a lost cause.
In the very first place, HDBs are built with taxpayer's monies, they should never be allowed to be traded on the open market, sold to PRs or rented out.
Allowing public housing to be traded on the open market especially when supplies are limited will only cause prices to go one way (up) affecting those who are in need of public housing and benefiting those who don't need it. And why should PRs be allowed to purchase public housing? I am not aware of any countries in the world where PRs are entitled to purchase public housing built with taxpayers monies. And also, if you need to rent your unit out, you obviously don't need it or don't need a unit that large hence depriving someone who's in greater need.
