Selling of HDB flats as assets as Singapore’s greatest housing mistake
The Online Citizen The Online Citizen
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 Published On Apr 10, 2023

Renowned architect and housing policy expert Professor Tay Kheng Soon has expressed concern over Singapore's public housing policies, which he believes have trapped the government and its citizens in a no-solution problem.

Speaking at a town hall meeting organised by "Workers Made Possible" on 9 April, Prof. Tay noted that public housing in Singapore was once a crowning achievement, providing affordable homes to many Singaporeans.

However, he believes that the government's decision to sell the idea of asset enhancement to the public has resulted in weakened society and a housing problem that has no solution.

"The greatest mistake that was made by the government was to sell the idea to people, to the population about asset enhancement," said Prof Tay. "That is really an opiate in which people got drugged. And in the process has weakened the entire society."

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