14 Apr '11, 1am

WP reiterates call on price of HDB flats #sgelections

Workers' Party (WP) assistant webmaster Gerald Giam has reiterated the party's call to peg the price of Housing and Development Board (HDB) flats to the median income of eligible buyers, and for flats to be affordable enough that mortgages can be paid off in 20 years instead of 30. Mr Giam was responding last night to Deputy Prime Minister Wong Kan Seng's call to voters to ask the WP how it will implement its proposals for cheaper HDB flats. DPM Wong had said: "If you want to pay the mortgage in 20 years, does it mean you have to pay a higher sum every month? And if you fix the price at the median income, will there also be restrictions on the sale (price)?" Mr Giam said the high prices for the HDB flats and for housing in general "is very much because of the PAP's asset enhancement policies ..." Said Mr Giam: " ... We want the prices to be pegged to wages rather than to t...

Full article: http://www.todayonline.com/Hotnews/EDC110414-0000412/WP-r...

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