The BTO (build to order) system is very stupid. It is very bad. It forces familes to wait for another 3 to 4 years to get married. By that time, they will be in their mid 30s.
The waiting time could be reduced to less than 1 year, if the government builds the HDB flats in advance.
There is little risk of building in advance with public demand. There is a guaranteed demand for 20,000 new flats every years. In a recession, this demand may slow down but only for a year or so. The pent-up demand will take up the over supply when the economy turns around.
Read more about this common sense approach here:
http://www.tankinlian.com/ArticleDisplay.aspx?ID=1390
The waiting time could be reduced to less than 1 year, if the government builds the HDB flats in advance.
There is little risk of building in advance with public demand. There is a guaranteed demand for 20,000 new flats every years. In a recession, this demand may slow down but only for a year or so. The pent-up demand will take up the over supply when the economy turns around.
Read more about this common sense approach here:
http://www.tankinlian.com/ArticleDisplay.aspx?ID=1390
1 comment:
No minister wants to go thru 1998-2004 again where he needs to give progress update every 3 months to cabinet, parliament & AGO why so many unsold flats. That's why.
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