There are 2 pressing issues that I would like to share my view, namely public housing and government agencies cost control.
1. Public housing. Has anyone in the relevant authority consider or relook at the policy of artificially pricing of new flats via various subsidy that indirectly affect the supply and demand of such flats esp when the owners are quick to resell the flats after the 5 yr MOP for 'gain' from the subsidized price which can be substantiality lower than the si called open market price.
A relook at the MOP and high subsidy giving prior consideration to the control of housing inflation rather than political aims of artificial affordability of such subsidized housing prices. Eg. Putting a cap on the total subsidy vis-a-vis percentage cap of the prevailing open market price. Current subsidy that can be almost half of the open market price is not ridiculous and a factor of enticement to sell for quick gain or undue upgrading.
2. Cost control of government agencies in the various expenses to reduce wastage and unnecessary cost would likely help to alleviate inflation.
One example of wastage or unnecessary expenses includes taking out unnecessary retiling of water or other service points in the common areas of HDB flats every repainting and redecoration as can be seen in recent exercises across the island.
Government agencies could also consider inflation and necessity factors particularly on revision of fees and charges and budgeting. An example is the revision of car parking charges in HDB carpark in recent years vis a vis parking cost in individual private condo car parking which is inclusive in the monthly maintenance fee.
Other examples relook at the possibility of reasonably sharing HDB incomes from rooftop solar panels and advertising with town councils would surely bring down the maintenance costs.
Just my 2 cents worth
Singapore Budget Set to Focus on Living Costs in Transition Year
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
