Government files motion affirming commitment on affordable public housing; disagrees with suggestion it ‘has not done enough’

In the girl post, Ms Sim said: “Keeping public housing affordable and accessible while safeguarding the interests of both current and future generations of Singaporeans is what the Government has been dedicated to almost all along. ”

“We will certainly once again make this commitment clear to Singaporeans and to Members of the home during the debate. We feel it is better to state the Government’s purpose and strategy squarely in a separate movement and debate both together. ”

“My colleagues and am look forward to a substantive debate, setting out the Government’s approach toward public housing, debunking spurious claims, and hearing constructive views and suggestions about how we can continue to fulfil the home ownership aspirations of our citizens today and into the long term. ”

The last time a counter-motion was filed with the Government was in Sept 2021 when Mouthpiece Prime Minister Lawrence Wong, who is furthermore Finance Minister,   spoke regarding securing Singaporeans’ work opportunities and livelihoods   in response to one  on foreign skill policy filed by Mr Leong.  

Mr Wong had then placed the  Government’s economic and labour plans and repudiated PSP’s claim that its foreign talent policy,   which includes the India–Singapore Comprehensive Economic Assistance Agreement, had caused anxiety among Singaporeans on jobs and livelihoods.

Costs of public housing flats have been increasing since 2015, with prices of Build-to-Order (BTO) flats having  picked up pace during the last three years  because of a hot HDB flat resale market, growing construction expenses and more BTO project launches in more expensive, central areas.

Analysts said it is only “a matter of time” just before Singapore sees the first million-dollar BTO flat, although this really is unlikely anytime soon and is contingent on how long the Government wants to maintain BTO prices below market value with financial assistance.

Prices for  resale Housing plus Development Board condominiums also  flower 2 . 3 per cent   within the fourth quarter of 2022, making it the 11th consecutive one fourth that the resale price index has risen. This was the slowest increase in 2022 and followed measures consumed September last year to  cool the resale HDB   market.

This tale was  initially published   in TODAY.