Sunday, March 14, 2010
Give us HDB Flats AT COST, NOT 30yrs mortgage Enslavement!
I have created a Facebook Group named as above. The reasoning is as below:
HDB used to be a very unique and successful socialist approach to provide basic adequate housing for Singaporeans. The HDB scheme was made possible by the power of Land Acquisition Act that allows the government of the day to acquire land at dirt cheap prices. It is a social contract between the people and the government to empower them to acquire land at cheap prices while in return, the people's basic housing needs are taken care of by the government providing HEAVILY SUBSIDIZED HDB flats to more than 80% of the population.
The break down of Cost price of HDB was made available back in 1981 when the government showed us how much COST SUBSIDIES have been given to the citizens.
However, since the introduction of "Asset Enhancement Program" in early 1990s and subsequently the introduction of "Market Price Subsidy" in the pricing of new HDB flats, new HDB flats are no longer cheap. The PAP government has subtly avoided their responsible embedded in the social contract. The PAP government has used very creative accounting to avoid showing how much money they have earned from selling new HDB flats while shamelessly claiming that a "Market Subsidy" was provided. This is no more than mere "DISCOUNTS" with no real subsidy given.
When asked to provide the breakdown of the COST of building these HDB flats, there was surreal silence from HDB. Why could they provide breakdown of cost back in 1981 while reluctance to provide it now?
We just want an honest price from HDB for our young Singaporean couples, at least a COST PRICE of HDB for our young in return for the enormous power that we have given the PAP government in Land Acquisition Act which it has used to acquired huge land stock at dirt cheap prices.
This group will act as a campaign to pressure the PAP government to fulfill their role as a responsible public housing provider. To fulfill their part of the social contract as embedded in the Land Acquisition Act.
Goh Meng Seng