Can my MP really help me get a BTO faster?? Why should I pay for land costs? Should Singapore GET RID of the housing resale market altogether??
All these and more in today's episode where we put Minister for National Development Chee Hong Tat in The Daily Ketchup HOT SEAT!!
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Learn more about public housing in Singapore: https://www.mnd.gov.sg/our-work/housing-a-nation/public-housing
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Cast:
• Johnathan Chua https://instagram.com/johnathanchua/
• Raja https://www.instagram.com/sirhotlaps/
• Denise Oh https://instagram.com/ohthedenise/
Edited by:
Brian
00:00 Intro
01:00 What's the difference between MOT and MND?
02:31 Why doesn't the government regulate the prices of the secondary housing market?
05:13 Why are houses increasing in price considered good?
06:45 Why not fix home prices?
07:52 Million-dollars flats are a minority
09:11 How are BTO flat prices determined?
13:20 How much does HDB make on a flat?
14:13 Why include the price of the land when pricing HDB flats?
17:32 What do you say to people who feel they are "settling" for living in a particular area?
20:06 Factors affecting the future supply of resale flats
23:35 When will singles be able to buy flats bigger than 2-room flexis?
25:22 How random is the BTO balloting system?
27:18 Downgrading from private housing to HDB has a waiting period?
30:19 Will Singapore run out of land to build housing?
36:20 Do Ministers fight over land space?
37:39 Closing
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