With the recent cooling measures introduced for the private residential market, discussions around the decaying value of Housing Board (HDB) flats aged over 40 years have quietened down for a while.
While the Government has said this is an issue it will study, as resolving it requires serious trade-offs, my concern is whether we may be tempted to kick the proverbial can down the road for future generations to inherit the consequences. As a society, we may be too wedded to outmoded ideas to tackle the issue realistically.
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