18 Feb '13, 6am

DK condo to rent out studio unit or buy 2 br private for investment? - Page 2

I might agree with you if HDB supply isn t an issue and land wasn t a constraint. However taking into consideration the limitations we have, I think people should be allowed to own HDB or private, but not both at the same time. My suggestion is if we need low cost rental housing for the foreigners, we can set up an agency that manages a few block of flats around the island. Rental collected can go in part to recoup cost and partly to go to the low income group. However when there s a supply crunch, these flats should be realeased to first time singapore applicants looking to set up a family. Right now, the rental income from these flats are going to people who re owning multiple properties, and really just adds another zero to their bank account. Like you said it is going to the well heeled, and HDB isnt meant for the well heeled. It does the public or the nation no partic...

Full article: http://forums.condosingapore.com/showthread.php?p=370397#...

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