Written by Our Correspondent
With more and more young couples missing out on the homes of their choice due to sky-rocketing prices of public housing, the state media is spinning stories to lay the blame squarely on Singaporeans instead of the government.
The prices of HDB flats have reached a record high in June this year caused partly by the continuous inflow of foreigners into Singapore and limited supply of new flats.
According to a report by real estate agency ERA, 40 per cent of the buyers of resale flats are PRs. An Indonesian PR “spoilt” the market of late by forking out $653,000 for a 4-room HDB flat in Queenstown.
Despite rising resentment on the ground, HDB is adamant that public housing remains affordable in Singapore. National Development Minister Mah Bow Tan castigated first-time home buyers for being “fussy”.
Now, PAP MP Dr Muhammad Faisal has an another explanation and as usual the government is absolved of all responsibilities for its ill-thought polic.y
Dr Muhammad, an assistant professor of real estate at the National University of Singapore, feels that couples who run into trouble with housing often fail to plan ahead.
‘I’ve met residents who are often in distress and can’t get a flat because they apply six months or a year before their wedding date, without thinking it takes three years to build the flat,’ he noted.
The HDB scheme, which was started in the 1960s, carries with it the risk of a couple’s relationship turning sour while they wait for the flat to be built. They will also have to forgo the downpayment – 5 per cent of the flat’s selling price – if they give up the unit, as is the case with married applicants.
The Sunday Times quoted the example of a young Singapore couple who paid the downpayment for a 5-room flat in Punggol when they are planning to get married 4 years later in 2013.
The government should ensure that HDB flats are readily available for young Singapore couples in the first place rather than to ask them to plan well ahead when nobody can guarantee that their relationships will stay intact for the next few years.
Singaporeans should not be asked to pay the price for poor government planning. It is HDB which should plan ahead and increase the supply of flats in the last two years when the rate of immigration is at the highest.
According to Home Affairs Minister Wong Kan Seng, there are over 20,000 new citizens and 90,000 PRs last year. A quick check on HDB infoweb reveals that the number of new flats built between 2006 – 2008 annually numbered less than 20,000 which is grossly inadequate to meet the housing needs of the population.
It is deplorable that the state media chooses to ignore the truth and deliberately distort the facts to deflect attention away from the role of the government.
Vote out this PAP MP in next general elections.
I don't see MPs in other countries criticising citizens.
PAP MPs non stop criticise citizens and praise foreign aliens and PRs.
This type of nonsense must end immediately.
No respect whatsoever for citizens.
got money got talk/honey
no money no talk/honey
who's want to suffer with you
you fault lah
too many inflow of foreigners
demand more than supply
Since this PAP MP has no respect for Singapore citizens, he must be thrown out of parliament.
Dr Muhammad Faishal Ibrahim
Marine Parade GRC
http://www.parliament.gov.sg/AboutUs/Org-MP-MP-Prof-MuhammadFaishal.htm
He is from Gon Chok Tong's GRC.
All these MPs in the big shots GRC like to talk big, scold and criticise citizens.
2006 elections walkover also.
The guy never even fought for his seat in parliament, did not even give a single speech to the people, but yet talk big, criticise people.
This GRC system also full of shit.
curse the stupid MP who said that...never think properly before saying such things
Yes, yes, everything is the people's fault.
I think this is the only country where the people at the top blame the citizens for all the country's problems.
i mention many times - many entrust their future to them
what to do
everything up
salary - pui
Originally posted by Mr Milo:
curse the stupid MP who said that...never think properly before saying such things
Never fought for power. Just walked over into parliament.
No experience in politics, so keep on talking cock, alienating people.
This is the type of rubbish political system we have.
You imagine politicians from Taiwan go and talk this type of crap. Media fuck them until don't know what.
Here, the media will praise him.
Last time, just one or two will come with this blame game.
Now it seems all of them are trying to outdo each other to see who can blame the people the most.
Haiz.
a flat is not something u can just pop in fairprice and grab off the shelf.
Our country all ruined by these clowns.
I would rather vote for Chee Soon Juan rather than this clown.
Originally posted by charlize:Last time, just one or two will come with this blame game.
Now it seems all of them are trying to outdo each other to see who can blame the people the most.
Haiz.
well said
Originally posted by angel3070:Our country all ruined by these clowns.
more foreigner = hdb prices up
salary the same
pui
Since when is most of MPs voted in ?
Most of them are relying kaki system and slip in.
Most of them are just collecting money and doing nothing.
When things happened (KK ? flood ?), no one step forward to take responsibility and solve the problem.
All there to give lip service.
When there is a problem, it is alway the commoner to be blamed.
If the flat is booked 2 years early and the couple dun get married, the commoners will still be blamed.
Originally posted by Medicated Oil:Since when is most of MPs voted in ?
Most of them are relying kaki system and slip in.
Most of them are just collecting money and doing nothing.
When things happened (KK ? flood ?), no one step forward to take responsibility and solve the problem.
All there to give lip service.
When there is a problem, it is alway the commoner to be blamed.
If the flat is booked 2 years early and the couple dun get married, the commoners will still be blamed.
their reply:" it is god will."
Originally posted by angel3070:Never fought for power. Just walked over into parliament.
No experience in politics, so keep on talking cock, alienating people.
This is the type of rubbish political system we have.
You imagine politicians from Taiwan go and talk this type of crap. Media fuck them until don't know what.
Here, the media will praise him.
All these are starting to sound like the prelude to the French Revolution....
The people raze the government to flar ground...
Originally posted by FireIce:a flat is not something u can just pop in fairprice and grab off the shelf.
Rich people will never understand the problems that ordinary people like us face everyday for the rest of our lives.
Haiz.
rich people just interested to know how to make more money in a short period
so but toto - stillgot 50% chance
Yey! Our fault again le!
this MP talking shit?
you give young couple 200k sgd as wedding bonus, then we buy flats for you to see la
what is this bullshit...
MP my ass...
young couple able to get weddded is already impressive and have to pay for the wedding etc. hw can they even say that?
and with all the PRC coming at at lower price of jobs, yet HDB prices are increasing and our dear PM Lee already told our bosses not to increase out pay.
USE WHAT TO PAY FOR THE FLAT??
sell backside isit?
not every one has a 1m+ a year salary...
retarded MP
They are always right; we are always wrong.
Gone are the days when people can use their CPF to pay the first 20% of the downpayment for the flat....Now you will need to pay 10% cash and 10% CPF.
So the newly wed needs to save for the 10% cash downpayment, then renovation for the house and finally they have a wedding....
Why don't they put back in place the first 20% of the downpayment for flats to be all from CPF...haiz!!!!
Originally posted by zoragirl:Gone are the days when people can use their CPF to pay the first 20% of the downpayment for the flat....Now you will need to pay 10% cash and 10% CPF.
So the newly wed needs to save for the 10% cash downpayment, then renovation for the house and finally they have a wedding....
Why don't they put back in place the first 20% of the downpayment for flats to be all from CPF...haiz!!!!
They are in desperate need of cash, reduce money supply to keep inflation in check. Why you think they raised the minimum sum for CPF, increase ERP (during recession).............
The cash downpayment you pay will remove the cash from circulation.
Originally posted by deepak.c:
They are in desperate need of cash, reduce money supply to keep inflation in check. Why you think they raised the minimum sum for CPF, increase ERP (during recession).............
The cash downpayment you pay will remove the cash from circulation.
yah...to feed all these "talk and talk" new people in the White-uniform....