08 Nov '12, 10pm

SDP responds to Lee Kuan Yew on housing #oursgconv

SDP responds to Lee Kuan Yew on housing November 9, 2012 by admin Filed under: Singapore Democratic Party Singapore Democrats (link ) 07 November 2012 Mr Lee Kuan Yew said on Sunday that public housing in Singapore “has to keep up with the rising aspirations of Singaporeans.” On this point, he is absolutely right. Unfortunately, the skyrocketing prices have left an entire generation of younger Singaporeans see their aspirations go up in smoke. This is why the SDP idea of NOM flats would better meet the aspirations of the people. NOM flats are sold at cost and are a fraction compared to the prices currently sold by the HDB. With capital freed up from heavy housing loans, Singaporeans have the financial capacity to do what they really want to do – start a business, save for the children’s education, make the much needed renovations to their flats, and so on. They cannot do a...

Full article: http://www.sgpolitics.net/?p=7844

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