Wednesday, March 08, 2017

Provide option to rent a property

Minister Lawrence Wong is working hard to ensure that young people can get their HDB flats earlier and faster.

I hope that he will think "out of the box" and consider the following:

1. Allow young people to rent their HDB flats.
2. Allow them to pay the rental from the CPF, or allow them to reduce their CPF contribution (this has to be decided by the cabinet).

We should not force everyone to buy a property. We should encourage rental of property, like in Germany and Switzerland. This will give flexibility to young people to take their time to buy a property. In the meantime, they should rent a property to be close to their place of work, and reduce the strain on public transport.…/young-couple…/3574932.html…

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