Official Councillor Cheng Sin-yiu said, "Asking for lower housing prices in established municipalities or offering more subsidies to make HDB flats available to buyers will lead to the same consequences, that is, using taxpayers' money to give out more subsidies or using the reserves."
I have seen many events in my life and have learnt that when prices fall, it is very dramatic and fast," said Stubbs, MP for Potong Pasir. But when prices recover, the pace is very slow and takes a long time. That is why I have repeatedly stressed the need for caution when making a wish."
Jalan Besar constituency councillor Poon Lai Ping said, "May I ask how Mr Leong's proposal addresses the thorny issue of mature towns being popular but needing to cater for first-time buyers who want to live in these prime areas? Is this addressing the issue of housing affordability or is it a mixed bag of subjects."
On the other hand, the Workers' Party pointed out that the government will be ready to launch up to 100,000 HDB flats between 2021 and 2025 to meet the demand, yet it is the lack of supply that is the main cause of the current imbalance in the housing market.
Sengkang constituency councillor Chua Kheng Wei said, "While this figure is up from the annual average of 17,000 units between 2016 and 2020, it is still 13% lower than the annual average of about 23,000 new HDB flats launched between 2011 and 2015, when Khaw Boon Wan was the Minister of National Development actively trying to address the HDB demand at that time The number of units is 13 per cent lower." MPs suggest changes to existing housing policy
The two motions were also debated in Parliament. Some MPs suggested adjusting the existing housing policy, for example by raising the minimum residence period for some pre-purchase HDB projects or enhancing the attractiveness of other municipalities. Some councillors also felt that the Forward Party's policy of selling homes at low prices was not feasible.
Official Councillor Cheng Sin-yiu said, "Asking for lower housing prices in established municipalities or offering more subsidies for buyers to buy HDB flats will lead to the same consequences, that is, using taxpayers' money to give out more subsidies or using the reserves."
I have seen many events in my life and have learnt that when prices fall, it is very dramatic and fast," said Stubbs, MP for Potong Pasir. But when prices recover, the pace is very slow and takes a long time. That is why I have repeatedly stressed the need for caution when making a wish."
Jalan Besar constituency councillor Poon Lai Ping said, "May I ask how Mr Leong's proposal addresses the thorny issue of mature towns being popular but needing to cater for first-time buyers who want to live in these prime areas? Is this addressing the issue of housing affordability or is it a mixed bag of subjects."
On the other hand, the Workers' Party pointed out that the government will be ready to launch up to 100,000 HDB flats between 2021 and 2025 to meet the demand, yet it is the lack of supply that is the main cause of the current imbalance in the housing market.
Sengkang constituency councillor Chua Kheng Wei said, "While this figure is up from the annual average of 17,000 units between 2016 and 2020, it is still 13% lower than the annual average of about 23,000 new HDB flats launched between 2011 and 2015, when Khaw Boon Wan was the Minister of National Development actively trying to address the HDB demand at that time The number of units is 13 per cent lower."
