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Don't treat housing as a speculative commodity

I applaud Opinion editor Chua Mui Hoong for a well-written and thoughtful piece on the housing market in Singapore ("Don't count on making big bucks from your home"; Oct 23).

I have long been concerned about the treatment of housing (an essential good) as a speculative commodity.

After our home was sold during the collective sale fever of 2009, my family and I have seen home sizes shrink to the absurd shoebox apartments of today.

As London, Sydney, and Vancouver can attest, when the housing market becomes a proxy for speculative investment, social dislocation follows.

While it may not take much space to procreate, it takes a home to have a family.

Waleed Hanafi

A version of this article appeared in the print edition of The Sunday Times on November 06, 2016, with the headline 'Don't treat housing as a speculative commodity'. Print Edition | Subscribe