Saturday, 17 December 2022

Housing and state land: the Government has a duty to all Singaporeans, both current and future generations.



The Government has a duty to all Singaporeans, both current and future generations, to dispose of and account for state land at fair value. Therefore, it is necessary for HDB to acquire such land parcels at market price, and reflect that in how it prices new flats.


Pricing state land at zero value or basing the sale price of flats on average household incomes would mean that the nation’s assets are not being accounted for.

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