We would remember a recent newspaper headline which announced that the government was looking at how to reduce BTO flats’ prices by 30%. Wah! 30%?!

What would happen to all the people who bought their BTO flats recently? Should potential flat buyers wait to buy cheaper flats in future? Are we going to see public housing prices crashing?

I just read Minister Khaw’s blog on the matter and he said:

“…if we offer such a low-cost housing option, it must come with restrictions to differentiate it from the existing BTO flats…

” Obviously, if we offer such an option, these restrictions of a longer minimum occupation period, or shorter lease or no resale in the open market will only apply to the new buyers, and will not apply to existing flat owners…”

I personally feel that a tier of meaningfully less expensive public housing is a good idea. People would have a choice of whether to …