Every HDB flat will be a valuable nest egg for retirement, says PM Lee

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Every HDB flat will be a valuable nest egg for retirement, says PM Lee
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Prime Minister Lee Hsien Loong adds that all public housing towns and estates will be good places to live in, and that 'property values will reflect that'.

SINGAPORE: Singapore's Prime Minister Lee Hsien Loong on Sunday said it was the ruling People's Action Party government's promise that all Housing Board flats would be good homes as well as valuable nest eggs for retirement."For one reason or other, there will be some which will still be more popular than others. I think that is just the way things are, it cannot be helped.

"We are building HDB estates, but not just houses, but also up-to-date amenities to meet the modern living needs of residents," he said. "We are progressively redeveloping the older precincts to refresh the living environment with new homes and new amenities and infrastructure.

In contrast, every town in Singapore can be assured of"amenities, schools, clinics, hawker centres, kopitiams, sport facilities, good transport connectivity, not just within the town with shuttle bus services, but expressways, MRT lines to the rest of Singapore", the Prime Minister added."With your support, we will continue to keep this system running well, and we will deliver on our promise to Singaporeans for many more years to come.

Public housing - in particular its cost - is a perennial hot-button topic in Singapore, with an opposition party last month

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