National Development Minister Mah Bow Tan has promised Singaporeans that public housing will remain affordable.
In a YouTube video called 'Public Housing Matters' and produced by the Ministry of National Development, it acknowledged the concerns of Singaporean home buyers.
Some of the concerns highlighted by families interviewed were the rising costs of houses, long waiting time and multiple unsuccessful attempts when applying for a Build-To-Order (BTO) flat.
Minister Mah said in the six-minute video that Singapore started out as a home-owning society and has the highest home ownership percentage in the world.
He went on to give his commitment to Singaporeans that it will stay that way.
"I would like to make this categorical assurance and commitment. That we will continue to provide good quality, affordable homes, for as many people as possible, through good times and bad.
"And not only provide the homes, but sustain the value of those homes over time, as our economy grows, as Singapore grows. That is the commitment that this government makes," he said.
WP called for housing prices to be pegged to median incomes and lowering land costs to make new HDB flats more affordable.
However, Minister Mah called WP's suggestion "ill-conceived and even dangerous."
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