Public Housing in Singapore no longer relevant to the Public

I am appalled by the escalated prices of the new flats for the recent HDB Walk-In selection in mature estates. The HDB has very much inflated the prices of the flats in such a way that is virtually out of reach for almost all middle income new couples or upgrading families. I reckon even with the increase in additional housing grants, the new pricing by HDB for 4 room flats effectively shuts out a large proportion of new couples from owning property in matured estates.

Almost all the 4 room flats in the popular sectors on the current HDB walk in selection are being sold at a whopping price of not less than 300k and 5 rooms flats are being sold at not less than 400k. It is extremely impossible to consider that public housing is cheap and affordable to average Singaporeans anymore with such exaggerated prices.

I hope the government immediately starts curbing the inflated pricing of HDB flats or else we would be faced with many people committing themselves helplessly to exorbitant mortgage loans and eventually ending up not able to cope financially. If public housing becomes too expensive for the average Singaporean, then in no time we might find ourselves in a similar mortgage crisis like that in the united states now. That’s not the only problem which will surface. A lot of financial stress would definitely strain many families emotionally as well and this could lead to a snowballing effect with even more divorces as it becomes too expensive to remain as a family in Singapore.

The basic element or foundation to starting a family is having a shelter over their heads and being able to financially cope with other demands in a fast paced society like Singapore. If HDB keeps implementing such anti-family policies by inflating prices for new houses which is definitely not within the reach of the average Singaporean, most couples of families would be spending more of their time worrying about their mortgage loans and neglecting their family altogether. I strongly believe we could soon be faced with a lot of other social problems as well like vagrancy. I hope the government intervenes before it is too late. We are talking about keeping public housing relevant to the public.