The Straits Times
Published on Sep 27, 2012

Enough flats at 'right' prices for first-timers

Govt committed to ensuring public housing remains affordable, says PM


While public housing has become more expensive, the Government has pledged to ensure that it remains within the reach of young Singaporeans.

That means building enough Housing Board flats and setting their prices "right", so they are affordable for first-time buyers, said Prime Minister Lee Hsien Loong this week.

"We're building for Singaporeans. So if Singaporeans say they can't afford to buy the flat, who can afford to buy the flat?" he said.

"It's not my purpose to build flats and leave them on the shelf. It's my purpose to build flats and sell them to Singaporeans at a price which they can afford, which is what we're going to do."