By Imelda Saad | Posted: 21
April 2011 1739 hrs
SINGAPORE: The opposition National Solidarity Party
(NSP) has unveiled its manifesto for the General Election.
Among its proposals, the party said the government should sell new
HDB flats to first-time buyers at "cost-plus" instead of pegging
prices to market rates.
"Cost-plus" means a discount will be given to first-time buyers of
new HDB flats so that they pay slightly above the cost of building
the flat plus a discounted land price.
The NSP also called for an alternative economic growth model that
focuses on wage growth rather than GDP growth.
The party added it is not against foreign labour but would like to
see the pace of its growth moderated.
It called for the reduction of mid-skilled foreign workforce such
as entry-level graduates, diploma holders and technicians.
The party also called for employment priority to be given to
Singaporeans.
The NSP also wanted to see restrictions imposed on permanent
residents selling their flats so as to curb speculation.
- CNA/