PM Lee: HDB flats are ‘affordable’ for first time buyers
Posted by temasektimes on September 29, 2012
Speaking to queries from the media, PM Lee acknowledged that public housing has become more expensive, but is adamant that it remains ‘within the reach’ of young Singaporeans.
“We’re building for Singaporeans. So if Singaporeans say they can’t afford to buy the flat, who can afford to buy the flat?” he said.
PM Lee added that the government will continue to build flats and sell them to Singaporeans at an ‘affordable’ price:
“It’s not my purpose to build flats and leave them on the shelf. It’s my purpose to build flats and sell them to Singaporeans at a price which they can afford, which is what we’re going to do.”
Till today, the construction and land cost of HDB flats remain a mystery as the elected ‘opposition’ dare not raise the question in parliament. It is not known how much monies HDB has made from the building and selling of HDB flats.