The goal of Forward Singapore is
Decade after decade, the Government has invested heavily to build affordable, accessible and high-quality HDB flats for millions of Singaporeans. So in time to come, more and more new HDB flats will be built in existing estates, like here in Dawson. Such flats will naturally be in greater demand. Their launch prices and resale prices will reflect that.
We will have to adjust HDB’s housing schemes to achieve these goals. We have some ideas on how to do so, which I will share at the National Day Rally.While we refresh our approach to public housing, we are also making special efforts to adapt our HDB estates and flats to serve a rapidly ageing population.By 2030, one in four will be a senior. This is one quarter of us. And this is why we are making our estates and homes more liveable for seniors.
Another aspect of preparing for old age is CPF savings. We have progressively enhanced the CPF system, to make sure people can save enough in their working years. We are also providing targeted assistance to lower-income workers, for example through Workfare and Progressive Wages. But some older workers now in their 50s and early 60s still have not built up enough CPF savings for retirement, and can do with some extra help. I will talk about this at the Rally too.
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