On Wednesday 20 October, MND released a report summarising Singaporeans’ views on public housing in prime locations. The report came after MND launched a public consultation in November 2020 on plans to build public housing in prime locations, including the city centre and Greater Southern Waterfront.
According to the report, between November 2020 and September 2021, more than 7,500 Singaporeans shared their views and ideas through dialogues, focus group discussions, online surveys and emails.
(We previously looked into the questions asked in the survey here.)
While the report does not reveal the exact figures and breakdown of the respondents, it said that a majority felt that implementing a longer Minimum Occupation Period (MOP) would better ensure that those buying the flats in prime locations genuinely planned to live there for the long term. It would also make the flats more affordable.
The report also mentioned that a majority of the respondents felt that the following would keep public housing in these prime locations accessible and affordable:
- Removing the HDB priority schemes
- Prohibiting the rental of the whole unit after the MOP
- Limiting the pool of buyers who can buy these flats in the resale market
When asked what constitutes a prime location, the top answers shared by respondents include having good transport links and close proximity to the CBD.
You can view the report here for more information.
In a Facebook post, National Development Minister Desmond Lee shared that the suggestions from the survey will help develop the new public housing model for prime locations. The new model aims to ensure that public housing in these areas remains affordable, accessible and inclusive. Details on the public housing model will be announced soon.
What do you think of these ideas and suggestions? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends MND survey reveals how the government could regulate prime location HDB flats and Is the Greater Southern Waterfront just election-speak?
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About Virginia Tanggono
Virginia covers the property news in Singapore, from record sales to profile stories on home ownership. In her free time, she occasionally searches for spoilers of movies and TV shows.
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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