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Coffeeshop Chit Chat - Teo: our HDBs are definitely affordable</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt_89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>8:54 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 6) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>31216.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>On keeping public housing affordable
'The first time I was asked this question was during the last property boom, more than 10 years ago - 1995, 1996. Prices were going through the roof. People were worried: 'How am I going to afford a flat', and so forth.
My answer to them is: The answer is right before your eyes. Because in 1996 most of Sengkang was not there; most of Punggol was not there, Pasir Ris had just been more or less finished. And who's living in Sengkang and Punggol (now)? The young people who were worried in 1995/96 when property prices were beyond their reach. Very nice places, nicer than the flats of a generation ago.
So from the point of view of public housing affordability, provided we keep our expectations realistic, public housing will be affordable. But if you want only this place, this view, then nobody can help you because those are definitely limited in supply.
But if you want a home to live in where you, your family can grow up safely, in pleasant surroundings, near the parks, near good schools because all our schools are good schools, you can get a flat. Generation after generation of Singaporeans have been able to afford them. And I can quite honestly say that the next generation of Singaporeans themselves will be able to.'
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'The first time I was asked this question was during the last property boom, more than 10 years ago - 1995, 1996. Prices were going through the roof. People were worried: 'How am I going to afford a flat', and so forth.
My answer to them is: The answer is right before your eyes. Because in 1996 most of Sengkang was not there; most of Punggol was not there, Pasir Ris had just been more or less finished. And who's living in Sengkang and Punggol (now)? The young people who were worried in 1995/96 when property prices were beyond their reach. Very nice places, nicer than the flats of a generation ago.
So from the point of view of public housing affordability, provided we keep our expectations realistic, public housing will be affordable. But if you want only this place, this view, then nobody can help you because those are definitely limited in supply.
But if you want a home to live in where you, your family can grow up safely, in pleasant surroundings, near the parks, near good schools because all our schools are good schools, you can get a flat. Generation after generation of Singaporeans have been able to afford them. And I can quite honestly say that the next generation of Singaporeans themselves will be able to.'
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