The Problem with HDB or Deflating the Housing Bubble-Part 2
In his Parliamentary speech Mr Khaw describes how the government’s asset appreciation policy had allowed some HDB owners to build up substantial nest eggs. However, Singaporeans have actually been short-changed by their government/landlord because they have been forced to accept housing quality and densities at a cost...
The Problem with HDB or Deflating the Housing Bubble-Part I
Recent announcements by Mr Khaw Boon Wan in Parliament and on his blog indicate that he is rethinking the role of HDB in Singapore’s future. There seem to be hints that the PAP are abandoning their somewhat euphemistically entitled, “asset appreciation” policy which I call a policy of “deliberately creating a housing...
Stiglitz Gets It Wrong on SG: The Real Lessons for An Unequal USA
I refer to Joseph Stiglitz’s recent article in the New York Times. Stiglitz holds Singapore up as a model of how to achieve rapid economic growth while prioritizing social equity and income equality. He even goes as far as say that Singapore demonstrates that reducing income inequality is a necessary condition for rapid...
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