HO Ching October 18 at 7:42 AM
80% of housing is HDB.
These come with various subsidies for first timers, for staying closer to parents, with excellent amenities minus the cost of maintaining private swimming pools.
So families in the 60-80% income bracket may be making the smarter wealth choice going for HDB housing.
Over time, we should perhaps remove the income ceiling for buying HDB flats for 1st time property buyers/owners.
Now that we have stabilised the HDB housing supply, we can perhaps add a premium to the posted HDB price for new builds, based on some % of the income above the current ceiling.
That way, everybody who doesn’t already own a property can benefit from the opportunity to own and live in HDB regardless of income levels.
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Ho Ching wants everyone to own a HDB flat
Prime Minister Lee Hsien Loong’s wife, Ho Ching, has said that everyone should own and live in a Housing Development Board (HDB) flat. Mdm Ho, who also serves as CEO of Singapore sovereign wealth fund Temasek, made these remarks in response to a recent National University of Singapore (NUS) study on ‘housing wealth’.
The NUS study showed that while Singapore’s housing policies help children from lower-income families upgrade to more expensive homes when they are older, the same does not necessarily apply to children from middle-income families.
The study, that was published on 6 Oct, found that children from middle-income families tend to end up worse off than their parents, with over 50 per cent of these children who grew up in private properties having to downgrade to public housing when they are older.
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Remove Income Ceiling For First-Time HDB Buyers, Ho Ching
Ho Ching, the wife of Prime Minister Lee Hsien Loong, has urged policymakers to remove the income ceiling for first-time buyers of Housing and Development Board (HDB) flat.
This comes as Mdm Ho, who serves as chief executive officer of Singapore sovereign wealth fund Temasek, believes that everyone should own and live in an HDB flat, reported The Independent.
“Over time, we should perhaps remove the income ceiling for buying HDB flats for first-time property buyers/owners,” she wrote on her Facebook page.
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Everyone should own HDB flat believes PM’s wife Ho Ching
Noting that children from middle-class families were facing downward mobility and that there is little room for these children to surpass their parents, the researchers said that it is difficult for the sandwiched group to move up the social ladder because of the “high price and also the lack of government subsidies” for private housing.
Responding to the findings of the study, Mdm Ho vouched for public housing and called on people to make a “smarter wealth choice” and opt to live in HDB housing.
She wrote: “Errr…80% of housing is HDB. These come with various subsidies for first timers, for staying closer to parents, with excellent amenities minus the cost of maintaining private swimming pools. So families in the 60-80% income bracket may be making the smarter wealth choice going for HDB housing.”
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‘Is she a politician to give us advice about living in HDB?’ – Ho Ching draws flak for remarks on public housing
Prime Minister Lee Hsien Loong’s wife, Ho Ching’s recent remarks on public housing have drawn criticism online, with netizens asking why she is doling out advice on living in Housing Development Board (HDB) flats since she is neither a politician nor a political office-holder.
In a Facebook post published on Friday (18 Oct), Mdm Ho – who serves as CEO of Singapore sovereign wealth fund, Temasek, vouched for public housing and called on people to make a “smarter wealth choice” and opt to live in HDB housing.
Mdm Ho’s remarks have drawn backlash online, with many asking her why she is offering advice on public housing when she is not a politician. Some asked her to lead by example and live in a HDB house before giving advice to others while some wondered whether Mdm Ho’s views signal her intention to join politics.
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Ho Ching Draws Online Flak Asking Singaporeans To Make Smart Choice And Live In HDB
The wife of Prime Minister Lee Hsien Loong, Ho Ching, has drawn online flak after she posted on her FB, vouching for public housing and called on people to make a “smarter wealth choice” and opt to live in HDB housing. Ho Ching is of course, still oblivious to the fact that her salary that she draws from Temasek is the only salary in Singapore that is deemed a State Secret.
This was also not the first time that Ho Ching has commented on issues impacting national matters in the past week, as she had also commented on keeping an open mind on Singapore having a nuclear facility. Netizens are now questioning with her most recent comments on FB whether she plans on running for office in the next election. Of course, being the wife of the PM, she would probably have his ears on issues relating to Singapore's interest, whether she is in office or not.
Her recent remarks on encouraging Singaporeans to make the smart choice to live in HDB flats however, has drawn more flak. For one, Ho Ching herself has never lived in an HDB flat before, nor she ever will one day. Netizens' call for her to lead by example and live in a HDB house before giving advice to others will most likely fall on deaf ears, as Ho Ching will most likely pay no heed to any form of backlash she has received.
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HDB posts $2 billion deficit as fewer flats sold
The Housing Board's deficit climbed to nearly $2 billion in the financial year ended March 31 - compared with about $1.7 billion the year before - largely from a loss on the sale of flats, disbursement of Central Provident Fund (CPF) housing grants and an expected loss for flats under development.
In its annual report published yesterday, the HDB said it had a deficit of about $2.4 billion from its housing programmes, offset by a $462 million surplus from other activities.
In the 2018/2019 financial year, $532 million in CPF housing grants was given to eligible buyers of resale flats and executive condominiums, an increase from $466 million in the previous financial year.
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HDB's deficit grows to $2b, mainly from housing programmes
The Housing Board's deficit climbed to nearly $2 billion in the financial year that ended on March 31 - from about $1.7 billion the year before - largely from a loss on the sale of flats, disbursement of Central Provident Fund (CPF) housing grants and an expected loss for flats under development.
In its annual report published yesterday, the HDB said it had a deficit of about $2.4 billion from its housing programmes, offset by a $462 million surplus from other activities.
In the 2018/2019 financial year, $532 million in CPF housing grants was given to eligible buyers of resale flats and executive condominiums, an increase from $466 million in the previous financial year.
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