Why penthouses in ECs?
I AM baffled as to the reason why executive condominium projects include the construction of penthouses, which bring to mind high income and wealth ("Sengkang EC's penthouse units snapped up in 90 minutes"; last Saturday).
Such projects are subsidised by the taxpayer and are still essentially a government project to offer affordable housing to citizens. Offering penthouses runs against the grain of such a policy.
The price for these penthouses suggests that the buyers are far from being average flat hunters, and must be cash-rich to be able to afford the hefty down payment and monthly instalments.
The public housing policy should be aimed at offering assistance to those who need it.
Ng Kei Yong