26 Apr '11, 1pm

Mah: Affordable homes through good times and bad

Mah: Affordable homes through good times and bad

THE Housing Board (HDB) provided new calculations on Tuesday to show that average prices of new flats last year remained within reach of first-time home buyers in different income groups, as the Government moved to address the growing debate on the affordability of new flats. Key to the affordability of new flats is the Government's Additional Housing Grant (AHG), which is given to most first-time buyers with a household income of less than $5,000 a month. And to lend a personal touch to his message, National Development Minister Mah Bow Tan appeared for the first time in a video message posted on his ministry's website, assuring Singaporeans that housing will remain affordable. He acknowledged in the five-minute video that 'the question that people are asking, and worried about, is whether... they can continue to afford good quality homes'. 'Here, I would like to make thi...

Full article: http://www.straitstimes.com/GeneralElection/News/Story/ST...

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