MND Minister Khaw BW making the wealth divide worse???

• bic_cherry

  27 May 14, 14:25

  [Property/ HDB]: Is Mr Khaw BW worsening the wealth divide amongst Sinkies???!!!
  "Mr Khaw hinted in his blog that more would be done to help these young couples, in addition to existing schemes like higher priority and larger grants. 'I strongly support families living close to one another,' said Mr Khaw. 'We must do more to help families stay close to one another.'"
  Me thinks that by giving additional housing priviledges/ $grants to couples just because property (resale/ BTO) is more expensive in city/ suburb HDB is more expensive is only fuelling the wealth divide. If any subsidy is given, this cannot exceed 5% of the price of the BTO HDB flat AND without the need for further queue priority measures.
  
  Better solutions include building bigger HDB flats to accommodate 3 generation families (along with raised property taxes with rebates per Sinkie occupant to dissuade hording/ using HDB for rental returns), cheaper, subsidised and better public transport to outskirt areas so that property prices all over Singapore are not so decided by closeness to city, evenly spread out amenities so that new towns have as good amenities (school, recreation, libraries etc) as established towns etc so that entire families can stay at different parts of Singapore and still enjoy as equally good a quality of life. 
  Special subsidies for young couple ignores the fact that some HDB towns (ToaPayoh, city areas etc) remain more desirable than others and that such priority schemes extinguish the hopes of others who aspire to afford an HDB flat in such established city/ fringe HDB town.
  
  Such priority/ subsidy schemes also distort the market price of HDB flats: if any, to make the desirable excessively expensive, if not all HDB more expensive.
  
  Mr Khaw should stop kidding himself that HDB is public housing. With such a vibrant resale market, PR's being allowed to buy HDB flats, Sinkies using their HDB as income sideline whilst living it up in private housing, HDB market prices are indeed approaching the price of leasehold 99yr private property as time goes by.
  
  Orphaned individuals should also not be discriminated against just to satisfy some territorial/ dynastic aspirations amongst larger family groups.
  
  Minister Khaw should avoid knee jerk solutions to Singapore's population/ talent problems since that will only make the problem worse in the long term and diminish Sinkie's overall support for the PAP.
  
  

  Quote:

  The Straits Times, Published on May 25, 2014 More to be done to help young couples live with or near their parents: Khaw Boon Wan By Toh Yong Chuan More young couples are now living with or near their parents in Housing Board (HDB) estates compared to a decade ago. Despite this higher number, there are still those who want to do so but are unable to. This is according to the latest HDB Sample Household Survey. National Development Minister Khaw Boon Wan provided excerpts of this survey on his blog on Sunday morning. The survey showed that the proportion of young couples who live with or near their parents increased from 31 per cent in 2003 to 37 per cent last year. In total however, about half of the respondents wanted to live with or near their parents but only 37 managed to. Mr Khaw hinted in his blog that more would be done to help these young couples, in addition to existing schemes like higher priority and larger grants. "I strongly support families living close to one another," said Mr Khaw. "We must do more to help families stay close to one another." The Ministry of National Development is conducting a public consultation on a number of housing issues including how such young couples may be helped. Members of the public can sign up for the dialogue or give their views at Our Housing Conversations 2014 Copyright © 2014 Singapore Press Holdings. All rights reserved. More to be done to help young couples live with or near their parents: Khaw Boon Wan

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  27 May 14, 18:14

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