By Getty Goh

In one of my previous blogs, I wrote about why I thought HDB flats could be made cheaper for first time buyers. Serendipitously, the DBSS debacle occurred shortly after my blog was published and the public outcry over the S$880,000 price tag for a new DBSS flat seemed to reinforce the point that many Singaporeans are presently frustrated at how expensive public housing has become. In view of that, I thought it would be timely for me to write a blog to explore the pricing mechanism for new BTO flats and talk about when would be a good time to buy new flats.

Once again, I must qualify and state that this is not intended to disparage the Ministries that are tackling this issue. It is always easier for people to poke holes at existing policies than to come up with a workable plan. So this article ...