SINGAPORE: Singapore's Prime Minister Lee Hsien Loong on Sunday said it was the ruling People's Action Party government's promise that all Housing Board flats would be good homes as well as valuable nest eggs for retirement."For one reason or other, there will be some which will still be more popular than others. I think that is just the way things are, it cannot be helped.
"We are building HDB estates, but not just houses, but also up-to-date amenities to meet the modern living needs of residents," he said. "We are progressively redeveloping the older precincts to refresh the living environment with new homes and new amenities and infrastructure.
In contrast, every town in Singapore can be assured of"amenities, schools, clinics, hawker centres, kopitiams, sport facilities, good transport connectivity, not just within the town with shuttle bus services, but expressways, MRT lines to the rest of Singapore", the Prime Minister added."With your support, we will continue to keep this system running well, and we will deliver on our promise to Singaporeans for many more years to come.
Public housing - in particular its cost - is a perennial hot-button topic in Singapore, with an opposition party last month
Source: Real Estate Daily Report (realestatedailyreport.net)
So in retirement you're meant to sell your flat? And live where?
Sure or not? HDB flat value drops as it nears its lease period.
Ownself talk ownself song. What else is new? Thanks to those balls carrier grassroots who wayang clean up, show their bosses selected super nice house, resulting in “emperor’s new cloths”
What nest egg….when it winds down to zero?
So is the G going to pay the lessee the purchased price of the flat when the lease drop down to zero?
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