03 Mar '12, 1am

Anyone with an income of $1,000 can buy a Housing Board flat: Khaw Boon Wan explains the maths

Anyone with an income of $1,000 can buy a Housing Board flat, the assertion went. But the figure startled many and on Friday, it was National Development Minister Khaw Boon Wan's turn to explain the maths. -- ST PHOTO: JOYCE FANG Anyone with an income of $1,000 can buy a Housing Board flat, the assertion went. But the figure startled many and on Friday, it was National Development Minister Khaw Boon Wan's turn to explain the maths. During Thursday's Budget debate, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam rebutted a claim by Workers' Party NCMP Gerald Giam that many younger Singaporeans from low-income households, who dream of buying a house for themselves and their parents, will find this difficult. Mr Tharman said that 98 per cent of Singaporeans below 35 earn at least $1,000 and are able to buy flats. Said Mr Khaw: 'This piece of comment caused a...

Full article: http://www.straitstimes.com/Parliament/Story/STIStory_773...

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