The current state of public housing is not healthy: new flats are unaffordable and applicants suffer long waits. What the system does have going for it is that Singaporeans who bought flats previously are able to realize capital gains from selling them on the open market.
However, under current economic conditions, capital gains for buyers of new HDB flats are far from certain. Such being the case, it would be irresponsible for a government to market expensive public housing to citizens on that premise. Full story
