WP's housing proposals amount to crashing sector

last SG · 2011-04-24T17:15:26+00:00

Don't forget it's 99 year lease horYour grandchild will not have a HDB liao for them to inherit and the Government will do a force enbloc and pay you 50k f...

SevenEleven SG

GE: WP's housing proposals amount to creating policies to crash sector, says Mah

SINGAPORE : National Development Minister Mah Bow Tan said the Workers' Party's housing proposals amount to creating deliberate policies to crash the sector here.

Mr Mah has rebutted the Workers' Party's proposed housing policies which are in its manifesto.

One of the Workers' Party's proposals is to peg new HDB flat prices to median incomes of households that qualify to buy them.

The other proposal is to lower land prices for HDB flats.

Mr Mah said the opposition party's proposals would devalue the assets of a million HDB home owners.

He added that those ill-conceived suggestions would distort the market.

Mr Mah said the Workers' Party avoids answering the questions directly when the very serious flaws in its proposals are exposed.

He pointed out that the government understands Singaporeans' concerns about the recent rise in prices, and is committed to ensuring that housing remains affordable for present and future generations.

- CNA /ls

sbst275 SG

devalue???

It's just only a freaking HDB flat to live. Someone everyone still believe it and it's only worth 99 yrs

Darkness_hacker99 SG

affordable... $&(*#$&(#$(@$)%@)# wtf?

likeyou SG

Affordable? Why not the govt do a very simple survey, ask all new couples who just out working and whether they can buy a new flat or not. Minus out renovation cost and furniture expenses.

I dont think it is affordable to many. But a few might have no problems.

Darkness_hacker99 SG

Correct term is to use "lease"

charlize SG

devalue???

It's just only a freaking HDB flat to live. Someone everyone still believe it and it's only worth 99 yrs

charlize SG

Which is it now?

Crashing the sector or raiding the reserves?

If cannot convince voters, will he come out with another reason like making Santa Claus angry?

likeyou SG

Take away the 99 yr lease.

SevenEleven SG

Which is it now?

Crashing the sector or raiding the reserves?

If cannot convince voters, will he come out with another reason like making Santa Claus angry?

likeyou SG

A small plot of land can built 30 to 50 storey high with each level consists of at least 4 to 6 units. How much govt earn per unit? Make a lost? I dont think so.

sbst275 SG

A small plot of land can built 30 to 50 storey high with each level consists of at least 4 to 6 units. How much govt earn per unit? Make a lost? I dont think so.

can't put it in tis manner

High rise is inevitable as we dun have land.

Rather just wat public housing is for?

Icerage SG

Mah spouting rubbish again

show us the cost then u open up yr fuking stinky mouth

charlize SG

can't put it in tis manner

High rise is inevitable as we dun have land.

Rather just wat public housing is for?

Asset appreciation.

Really.

But I just can't find it anywhere in the HDB Mission Statement.

Can you?

likeyou SG

can't put it in tis manner

High rise is inevitable as we dun have land.

Rather just wat public housing is for?

A plot of small land to bid.

Then built high up.

That is profit.

SevenEleven SG

HOUSING will not be a make-or-break issue in this year's general elections, National Development Minister Mah Bow Tan said on Sunday.

'There are so many other issues,' he told reporters at a press conference after a youth dialogue on the new Tampines Town Hub.

But Mr Mah again took pains to rebut the Workers' Party's latest comments on housing, calling the WP's proposals for cheaper housing 'ill-conceived and even dangerous'.

In a detailed four-page statement he issued on Sunday, he reiterated that the WP's suggestion to reduce new flat prices would 'distort the market and destroy the value of the million flats owned by Singaporeans today'.

'Despite WP's denial, it's proposal to lower flat prices by paying less for land will constitute a draw on reserves,' he added.

Mr Mah also described Workers' Party leader Low Thia Khiang as 'mischievous' for alleging that the Government has been guilty of taking from Singapore's reserves for years.

'This is highly misleading,' Mr Mah said. 'The Government is fiscally prudent.'

sbst275 SG

A plot of small land to bid.

Then built high up.

That is profit.

to me either way dun sound right

Fact is we dun have land, so high rise is bo pian

But e prices they're selling is macham possible making a surplus for land reserves

Icerage SG

I wonder whether its up to Mah to say the housing break-or-make issue in this election

the votes will tell not u, Mah

charlize SG

I wonder whether its up to Mah to say the housing break-or-make issue in this election

the votes will tell not u, Mah

In this instance he needs to throw voter attention away from his terrible housing policies.

If it was to his advantage he will be asking voters to look at them instead.

Rock^Star SG

There you go, i knew the PAP would come out with threats like this. And people actually believe their home values will crash if they vote WP. New homes pegged to median incomes won't affect the resale market. They affect a different market altogether.

sbst275 SG

I dunno how come ppl care so much abt property price when it's only a place to live..