|HDB website (Role)|
|HDB website (Vision/Mission)|
Fast track to year 2013, we now have HDB flats build and designed by private developers under the Executive Condominium (EC) scheme. A penthouse unit in Tampines was recently sold at a record price of $2.05 million and the EC scheme is meant for the "sandwich class" with a total household income of not more than $12K. With this combined monthly salary of $12K against the price tag of $2.05 million, a buyer is actually buying beyond his means.
Many questions come into mind . . . is it greed or ignorance of the HDB to allow such a sale to take place or allow such luxurious units to be built and offered to the so called "sandwich class"? Shouldn't prices of million dollar new homes be categorized under the private property sector? Do you still trust the HDB of its objectives to provide affordable homes, while they simply don't practice what they preach?