In recent months, there have been announcements and discussions about having public housing in prime locations and making it inclusive, affordable and accessible to Singaporeans. These prime locations include the city centre and the Greater Southern Waterfront.
Some of the suggestions include having shorter leases, increasing the Minimum Occupation Period (MOP) and giving additional subsidies. At the same time, there are trade-offs to take into account.
Additional subsidies, for instance, may result in windfall gains like the lottery effect seen in HDB projects such as Pinnacle@Duxton. Increasing the MOP may be too restrictive for those who genuinely need to move out.
With that, MND has opened a survey to ask for the public’s views on the ideas and suggestions to make public housing in prime locations more affordable and accessible.
The survey is now open until 30 June 2021 and can be accessed here.
Alternatively, if you have any other feedback you would like to share, you may write to MND at feedback@mnd.gov.sg.
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Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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