WP certainly has done a good deed—peg HDB price to median income, this is of course the most honest and practical suggestion !
Then without any thoughts, PAP rebuts the proposal ! HDB price go down, all die ! In short, public housing policy is stuck in the m&d becos it becomes no more public housing !
WP is definitely right from the humane perspective ----income is related to housing price, wage goes up, house price then can go up, this is fair when they both take the same step right !
But HDB is going nuts oredi !
It is a monster the present humans in charge have to defend !
Local buyers sink their life savings on the 4 walls shelters :---
But are buyers really buying the right price or political price ?
What is the detailed construction costs ?
Do HDB lease stateland like the price SLA sells the stateland to private developers ?
How does enhancement policy benefits owner-occupiers ? For retirement ?
MBT is right, HDB price go down to real affordable level , many buyers bought after the 90s will cry a big river , this is a big monster HDB is feeding !
The big monster is growing everyday !
By the way, WP is doing the right thing---everything must have a proper beginning and a proper ending, you earn and pay what is comfortable and then save a little for rainy days, this is true wealth !
True wealth is what you have in the bank ready to use !
Therefore, HDB price is right to peg at median income !
It may be a bit too late to right the HDB wrong, but it is better to amputate the leg with a severe gangrene then to wait until MBT decides to leave PAP someday or the collapse of PAP !
Next GE , Oppo must really face the voters with this serious HDB problem !
Attacking MBT will not win you votes.
Telling the truth and put questions to the voters about HDB price will win you votes !
This is the moment of truth ! Boon heng has been good at long last for crying the truth of more Oppo presence is important in parliament!
You can win votes if you face the voters with the HDB problem---they create the monster, they too can kill it !
