Re:Tomorrow's Cities: Singapore's plans for a smart nation
by sho on Monday April 24, 2017 @05:41AM
(#14182984)
Yes I know. You sound like you're agreeing with me. I was arguing against some long-ago comments that insinuated the subsidies were "massive", "incredible", etc, and that being born in singapore was some kind of golden ticket to a life of endless government gravy. This is not at all the case.
I don't know where people thing the SG government would get these "incredible" subsidies from anyway. It's not the UAE!
HDB vs Condo is a lot more.
There are serious restrictions on resale hdb flats which cause them to be priced a lot lower than condos.
These restrictions are deliberate policy to ensure affordable housing and subsidise Citizens and PR.
The major ones:
- You have to be a citizen or PR of at least a few years. This cuts out 1.5 million people.
- You have to meet racial and PR quotas. This limits demand.
- You can't have other properties. This excludes people with overseas property and excludes wealthier Singaporeans from buying HDBs as investment property.