Nevertheless, the affordability of flats continues to be a concern, and Workers’ Party remains of the view that the government needs to review the formula of pricing new flats and the recommended length of HDB housing loans.
In addition, the Prime Minister has also acknowledged that there are distressed families who have lost their homes for various reasons. The issue of homeless families is real and has severe ramifications, with possible cross-generational effects. The pending government review into those who are rendered homeless should look into some flexibility of criteria to qualify for rental flats and more than two concessionary loans. Full story
