Leading property mag finds SDP housing plan persuasive

Leading property mag finds SDP housing plan persuasive: Singapore DemocratsCalling affordable homes "one very im...

Calling affordable homes "one very important step in the right direction for our society”, a leading property magazine, The Property Guru, has endorsed the SDP’s housing plan, Housing a Nation: Holistic Policies for Affordable Homes . The policy document, launched on 3 Nov this year, introduced the innovative Non-Open Market (NOM) scheme which tackles affordability, currently the key concern for buyers and would-be buyers. Property Guru noted that the HDB’s so-called cooling measures over the last three years have not remedied runaway flat prices. This, it argued, is largely the result of measures being aimed at cooling demand through various disincentives. Additionally, it argued that the main policy mechanism, resale flat price management, has ignored other affected groups such as young first time buyers who cannot afford their first home; the elderly whose savings have ...

Full article: http://yoursdp.org/news/2012-11-29-5473