Hello...robert...
Firstly Im not too familiar with the ERP pricing method...but if
you have some suggestions for them not to overcharge and reduce
traffic too much....I think that's good.....
But about the HDB thing...
Im not too sure....
HDB prices are supposed to be low already, no? Compared to private
developments, they are cheaper?
If the prices are lowered further, because it is a government
effort, and government gets its money from tax, from the citizens,
....errrr....Im not too sure if this won't srew up the whole
system...
Singapore land is limited, and Singapore land is indeed expensive
at the market rate. HDB is a government effort to provide
affordable housing for mass Singaporeans in the midst of scarce
land.
Right now 85% of Singaporeans live in HDB flats.
The government has a view of providing affordable housing.
But,
How much should the government subsidize? How far should the
government go to provide this affordable housing in the midst of
scarce land? Totally unconnected with market price? Say, for
example, with market price of private land? Because government
money is tax money from citizens?
Im not able to answer or analyze this completely, but I suspect it
will screw up the whole system. System as in, the whole
economy.
You can imagine with Singapore's scarce land....and 85% of
Singaporeans living in HDBs....and housing having correlation with
savings, expenditure, inflation rate, banking system.....I really
suspect the whole economy will go jumping upside down in a violent
trance, if there is really such a measure to 'overhaul' this HDB
pricing.
They have economists figuring out these things Im sure.