More important to subsidise public transportation than public housing in Singapore .
In sketching out what the Greater Southern Waterfront (GSW) will look like, PM Lee said entire area will be double the size of Punggol town.PHOTO: PMO. Source: https://www.straitstimes.com/politi...ding-hdb-flats-in-keppel-club-area-of-greater
For public housing, just build more HDB and the prices will stabilise. For those high class areas like Pinnacle at Duxton, Southern waterfront, just provide bidding system like LTA auction for car number plate numbers. People bid how much they want to pay for top 3-5 units of their choice, even if they bid $2 million for the HDB flat, cavete being that only Singaporean can but and all the usual ownership/ resale limitations apply. Same subsidy qualifications but those who receive high subsidy but fork out $2 million for HDB may be investigated by IRAS for non declaration of income source. https://en.m.wikipedia.org/wiki/First-price_sealed-bid_auction should be the method use for selling premium HDB flats.
Public transportation needs to be properly subsidised since people staying far from city are likely to be poorer since obviously they cannot afford to stay in city centre or afford the $1 million for a Pinnicle at Duxton HDB flat.
To subsidise souther waterfront flats and allow buyers to each profit upwards of S$700,000 from flipping these flats after 5 years occupancy period is grave injustice and squandering of national funds by MND. Such public funds should better be spent on public transportation so that the people staying in Punggol, Woodlands and Jurong West can visit the greater Southern Waterfront and Sentosa whenever they like, at an affordable price.
Reference :
https://www.channelnewsasia.com/new...-greater-southern-waterfront-lottery-11920858
For public housing, just build more HDB and the prices will stabilise. For those high class areas like Pinnacle at Duxton, Southern waterfront, just provide bidding system like LTA auction for car number plate numbers. People bid how much they want to pay for top 3-5 units of their choice, even if they bid $2 million for the HDB flat, cavete being that only Singaporean can but and all the usual ownership/ resale limitations apply. Same subsidy qualifications but those who receive high subsidy but fork out $2 million for HDB may be investigated by IRAS for non declaration of income source. https://en.m.wikipedia.org/wiki/First-price_sealed-bid_auction should be the method use for selling premium HDB flats.
Public transportation needs to be properly subsidised since people staying far from city are likely to be poorer since obviously they cannot afford to stay in city centre or afford the $1 million for a Pinnicle at Duxton HDB flat.
To subsidise souther waterfront flats and allow buyers to each profit upwards of S$700,000 from flipping these flats after 5 years occupancy period is grave injustice and squandering of national funds by MND. Such public funds should better be spent on public transportation so that the people staying in Punggol, Woodlands and Jurong West can visit the greater Southern Waterfront and Sentosa whenever they like, at an affordable price.
Reference :
https://www.channelnewsasia.com/new...-greater-southern-waterfront-lottery-11920858