28 Aug '13, 3am

Letter to the editor: Housing affordability in S'pore: Everyone aspires ... property market

Everyone aspires to own their own home and most people will want to get married and bring up their children within a sufficiently-sized livable space in a private home or flat (not shoebox condominiums created due to high land costs purchased by developers). Most children, i.e. the next generation of citizens/residents, will likely stay with their parents till their late teens or early twenties, or a period of approximately two decades. A shoebox unit will not be healthy or suitable for children or young adults. Economic progress is important, especially for Singapore which has practically no natural resources. I have been very lucky to live in Singapore for the last twenty plus years and brought up my family staying in a reasonably priced 5-room HDB resale flat from 1995 (S$275,000), and had the chance to progress to private property from the year 2000. However, I noticed...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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