Sense and Nonsense by Tan Bah Bah
Singaporeans obviously followed the Budget 2023 proceedings with more than the usual interest. If nothing else, they would want to know what the government will be doing to help them cope with the GST increases, among other things. There was another reason. They would be interested in the performance of Deputy PM and Finance Minister Lawrence Wong, their future PM.
Sometimes, however, things take a surprising turn. Lawrence Wong found himself in a spirited debate with WP MPs Pritam Singh and Leon Perera, both from the Aljunied GRC. The two issues which triggered the debate were BTO flats and Singapore’s reserves. “Assuming an average household size of 3.3, this would mean that around 9,000 or so new dwelling units are required annually,” the paper said, adding that completions of BTO flats within the same time period have far exceeded the resident population growth.
The government had already criticised WPs proposal, with National Development Minister Demond Lee earlier saying: “So in 2019, the WP was recommending that HDB should only build 9,000 dwelling units or so … had we tapered down our supply to WP’s level in 2019, or listened to you and your experts, I think our BTO shortage would be even greater today.”
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