HDB to buy back flats from owners constrained by ethnic (EIP) quotas
Can’t sell your flat because the Ethnic Integration Policy quota has been reached? No worries. A new option is now available. HDB will offer to buy back public housing flats from owners who face difficulties selling them due to the Ethnic Integration Policy (EIP) quotas. The new measure was announced by National Development Minister Desmond […]
4G Leadership: why you can be excited about Lawrence Wong
“I’ve devoted my life to public service, first as a civil servant and later in politics. I will continue to do my utmost to serve our people.” Lawrence Wong The 4G Leadership has decided who will lead them. The choice fell on Finance Minister Lawrence Wong Lawrence who is also co-chair of the Multi-Ministry Taskforce handling the […]
I could not ask their sons to fight and die for the properties of the wealthy: Lee Kuan Yew
A newly independent Singapore needed to be able to defend herself. To this end, Mr Lee Kuan Yew made a fundamental decision to build a national service armed force. “If we did not have the ability to defend ourselves, nobody, not even our own people, would have faith in our future,” Mr Lee said in […]
Do you own your 99-year leasehold HDB flat?
Some have tried to argue that you do not own your HDB flat because it is on leasehold. You are merely renting it permanently, they argued. This argument does not hold water at all. The basic rule of law is that you cannot sell something that does not belong to you. It would be illegal […]
Workers’ Party’s home-renting suggestion will bring Singapore back to more than 50 years ago
The Workers’ Party proposed that home-renting be made mainstream to create a diversity of housing options. Speaking in an adjournment motion on 2 November 2021, Workers’ Party MP Louis Chua said that home renting would satisfy the needs of young couples to increase fertility rate, cater to freelancers without a fixed income and provide greater […]
Home ownership is not superior to home renting: WP MP Louis Chua
MP Louis Chua of the Workers’ Party said that one of the biggest misconceptions is that home ownership is superior to home renting. In his adjournment motion on 2 November 2021, Mr Chua pushed for a greater diversity of housing options. The key problem, he said, is the “severe shortage” of Housing Board (HDB) rental […]
$500 million Enhanced CPF Housing Grant disbursed to 15,600 first-time buyers
With the Enhanced CPF Housing Grant, Family Grant and Proximity Housing Grant, who says housing is unaffordable? The Enhanced Housing Grant was introduced in September 2019. Since then 15,600 first-time buyers of new and resale flats have received the Enhanced Housing Grant (EHG), with close to $500 million disbursed, National Development Minister Desmond Lee said. […]
Award-winning Punggol 21: a promise delivered brick by brick, step by step
Stroll along Punggol estate and you will come across My Waterway@Punggol – a waterway created for a more refreshing living environment for HDB residents. The 4.2km-long Punggol Waterway is now one of the most recognisable landmarks in Punggol. A joint project between HDB and NParks, the waterway acts as a major air corridor and encourages […]