The whole history of why shortage of HDB started when last
recession, There are access of flats during that periods. Due to
recession, a lot of poeple cannot afford to buy new flats and even
construction industry is in debt. After that, government stop
building flats.
Due to the good economy for last 1.5 years, everyone start to
purchase flats as they have access money. In addition, more ppl get
marry during this period too. This lead to a shortage when
government also impletement more FT, PR and
citizenship policy.
HBD did not learn their mistake on when to build more HDB,
and when not to build. As they current intends to build more
due to demand. But if they start build now, the average flats
take 3-4 years to complete. As current situation, due to
inflation, economy is going down. This will end up the
same issue as last recession.
Why HDB never learn their mistake? If HDB is
control by government, why dont they share information with
government economic analyst, as I believe that
singapre government have a good
economic analyst group working for them.
so now they build and hold the flats in jurong estate.... and
release them when demand goes up
