Contrary to a flawed survey commissioned by the Ministry of Manpower, housing choices alone will not ensure that Singaporeans have enough CPF savings for retirement.
Firstly, the survey, which was performed by two academics, assumed that housing prices would remain relatively stable. The PAP government so far has shown neither the political will nor the motivation to ensure that this is achieved. There remains a huge demand-supply imbalance that is forcing HDB prices upwards.