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[h=2]SDP sends an invitation to Minister Khaw to discuss housing
policy[/h]
November 8th, 2012 |
Author: Editorial
The Singapore Democrats (SDP) has sent an invitation to
Minister for National Development, Mr Khaw Boon Wan, to discuss the future of
public housing in Singapore.
The SDP launched its housing policy on Sunday in which a new class of
Non-Open Market (NOM) HDB flats was proposed (‘SDP proposes ‘non-open market’ flats to help reduce new HDB
prices‘).
Under the NOM scheme, these HDB flats will be priced at cost minus the land
“cost” that is currently factored into HDB prices. That is, flats will be priced
only to recover the cost of administration, material and construction. It is
estimated that flats could be priced as low as $70,000 for 2-room flats to
$240,000 for 5-room flats when the land cost is factored out.
The NOM flats will co-exist with current Open-Market (OM) flats. However,
unlike OM flats, NOM flats cannot be re-sold on the open-market. Owners wishing
to dispose of their NOM flats will have to sell them back to the HDB, much like
the situation in the olden days.
Such a scheme can help to ensure that HDB flats remain affordable especially
to young Singaporean couples. On the other hand, it will not have a detrimental
effect on prices of current OM flats since they can only be sold back to HDB
instead of to the open market, thereby, upsetting the open market pricing.
The rationale behind this scheme is that the Government should not profit
from Singaporeans when it comes to public housing and Singaporeans should not
use it as a means of investment for capital gain. It should be used for housing
and housing only – a place for Singaporeans to live comfortably without any
heavy financial burdens.
Public housing is a social good and should be used to meet the housing needs
of the population, not profit-making for the government or citizens.
SDP has sent the following letter to Minister Khaw:
6 November 2012
Khaw Boon Wan
Minister
Ministry of National
Development
Singapore
Dear Sir,
The Singapore Democratic Party launched our housing plan, Housing A
Nation: Holistic Policies for Affordable Homes, on 4 November 2012.
We proposed several initiatives that would make public housing in Singapore
more affordable and inclusive. I am sending you a copy of our policy for your
study. (Please see
attached).
My party would be happy to discuss with you our proposals.
Thank you.
Sincerely,
.
Jufrie Mahmood
Chairman
Singapore Democratic Party
.
cc.
Lee Yishyan
Senior Minister of State
Ministry of National
Development
Tan Chuan Jin|
Senior Minister of State
Ministry of National
Development
Dr Mohamad Maliki Osman
Senior Parliamentary Secretary
Ministry of
National Development
Dr Lee Bee Wah
Chairman
Government Parliamentary Committee
Ministry
of National Development
Dr Cheong-Chua Koon Hean
CEO
Housing and Development Board
Koh Cher Siang
Chairman
Housing and Development Board
policy[/h]



Minister for National Development, Mr Khaw Boon Wan, to discuss the future of
public housing in Singapore.
The SDP launched its housing policy on Sunday in which a new class of
Non-Open Market (NOM) HDB flats was proposed (‘SDP proposes ‘non-open market’ flats to help reduce new HDB
prices‘).
Under the NOM scheme, these HDB flats will be priced at cost minus the land
“cost” that is currently factored into HDB prices. That is, flats will be priced
only to recover the cost of administration, material and construction. It is
estimated that flats could be priced as low as $70,000 for 2-room flats to
$240,000 for 5-room flats when the land cost is factored out.
The NOM flats will co-exist with current Open-Market (OM) flats. However,
unlike OM flats, NOM flats cannot be re-sold on the open-market. Owners wishing
to dispose of their NOM flats will have to sell them back to the HDB, much like
the situation in the olden days.
Such a scheme can help to ensure that HDB flats remain affordable especially
to young Singaporean couples. On the other hand, it will not have a detrimental
effect on prices of current OM flats since they can only be sold back to HDB
instead of to the open market, thereby, upsetting the open market pricing.
The rationale behind this scheme is that the Government should not profit
from Singaporeans when it comes to public housing and Singaporeans should not
use it as a means of investment for capital gain. It should be used for housing
and housing only – a place for Singaporeans to live comfortably without any
heavy financial burdens.
Public housing is a social good and should be used to meet the housing needs
of the population, not profit-making for the government or citizens.
SDP has sent the following letter to Minister Khaw:
6 November 2012
Khaw Boon Wan
Minister
Ministry of National
Development
Singapore
Dear Sir,
The Singapore Democratic Party launched our housing plan, Housing A
Nation: Holistic Policies for Affordable Homes, on 4 November 2012.
We proposed several initiatives that would make public housing in Singapore
more affordable and inclusive. I am sending you a copy of our policy for your
study. (Please see
attached).
My party would be happy to discuss with you our proposals.
Thank you.
Sincerely,
.
Jufrie Mahmood
Chairman
Singapore Democratic Party
.
cc.
Lee Yishyan
Senior Minister of State
Ministry of National
Development
Tan Chuan Jin|
Senior Minister of State
Ministry of National
Development
Dr Mohamad Maliki Osman
Senior Parliamentary Secretary
Ministry of
National Development
Dr Lee Bee Wah
Chairman
Government Parliamentary Committee
Ministry
of National Development
Dr Cheong-Chua Koon Hean
CEO
Housing and Development Board
Koh Cher Siang
Chairman
Housing and Development Board