Sunday, July 23, 2017

Replace the disastrous BTO system for building HDB flats

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:

1 comment:

Anonymous said...

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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