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Anonymous

26 Nov 2020

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Property

What are your thoughts on property investing as opposed to Singapore's stance on public housing which is "a home for everyone"?

HDB aims to make housing affordable for everyone, but many in Singapore are also looking to invest in property for profit. What are your thoughts on these differences in stance?

AMA Stacked Homes

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Ryan Ong

26 Nov 2020

Partner at Stacked Homes

HDB flats were meant to be public housing, and should continue to have "a home for everyone" as its main purpose.

We can't afford to end up in a rentier society where everyone only wants to rent out property, and live like feudal lords. That's not helpful to later generations of Singaporeans, and would result in a fragile society.

That said, there is always room for a well-regulated, moderated amount of real estate investment. There could also be some improvement to the "home for everyone" objective. Singles under 35 have a really tough time finding a home, and in general we're less friendly to those who aren't married.

It's supposed to be a home for everyone, not a home for traditional families only, right?

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