Property
MND Exploring Low Cost Housing With Restrictions
By Making Passive Income  •  March 15, 2013
National Development Minister Khaw Boon Wan exploring lower cost HDB alternatives is probably the hottest topic right now. If done right, it can allow for more affordable houses for the young and future generation. If done wrong, it could have a disastrous impact on the current HDB owners. He has made it clear that the low cost HDB will not affect the existing owners, but there would still be an impact no matter how distinctly different it is, just like how HDB prices can affect EC and private condo prices. It affects the demand and supply of resale HDB as well since there is a new “alternative supply.” He proposes 3 ways to distinguish the new low cost alternatives from the current HDB. Longer Minimum Occupation Period This is a possibility as the new owners will be locked in for a longer period with less flexibility. It should also ......
Read the full article
By Making Passive Income
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance