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Singapore should peg HDB flat prices to median incomes and guarantee buy backs for flats over 69 years: Workers’ Party research paper

Singapore should peg HDB flat prices to median incomes and guarantee buy backs for flats over 69 years: Workers’ Party research paper.

The Workers’ Party has unveiled a working paper on Singapore’s housing policy, which outlines recommendations such as a universal lease buy-back scheme and calls for the current Selective En bloc Redevelopment Scheme (Sers) to be expanded.

Through these proposals, Singapore’s main opposition party says it hopes to spark a discussion on how to better preserve the value of Housing Board (HDB) flats that could lose value once their leases are up – an issue that has gained attention in recent years.

To read more: https://www.businessinsider.sg/singapore-should-peg-hdb-flat-prices-to-median-incomes-and-guarantee-buy-backs-for-flats-over-69-years-workers-party-research-paper/

Adapted from Business Insider 2 December 2019