VIDEO: Family with monthly income of $1,000 can purchase a HDB flat – DPM Tharman
Posted by temasektimes on March 2, 2012
Singapore’s public housing is one of the most affordable in the world as a family with a monthly income of $1,000 can tap on the government’s generous housing subsidies to purchase a HDB flat, according to Deputy Prime Minister Tharman Shanmugaratnam:
Speaking in Parliament yesterday, Mr Tharman said:
“Our housing subsidies are such that a family with a $1,000 income through subsidies can purchase a small flat….”
He also hit back Workers’ Party MP Gerald Giam’s comments about Singaporeans being unable to afford a flat, telling him to ‘catch up’ with policies already introduced.
‘So I would like to assure Mr Gerald Giam, who might not have caught up with all the developments… that a family with $1,000 income can now, through our housing subsidies, purchase a small flat,’ he added.