Well, I saw a post in another forum where one smart guy demanded that HDB houses must not be sold for PRs .. it must be only for Citizens - and PRs must rent or buy condos
Nobody bothered to tell him that PRs are only eligible for resale - i.e. higher priced flats .. unlike Citizens who are eligible for grants ..
And if you make PRs not to buy HDB, and only rent from SC or buy condo
, well, the property
will become super-high .. until nobody wants to come here ..
I remember the time an agency was headhunting a guy, from US, and he was offered a standard 1,200 $ for housing allowance.
He just laughed it off and said unless he comes on 'housing fully paid' he is not keen, and bluntly told the people that he is not keen to pay 1/4th of his salary for rental .. when his apartment near some International School
was costing 8,000 per month.
After some flurry of activities, the employer agreed, and only then did he come ..
Now, I wonder, if the rental prices go to sky high, so the locals who own apartments can make a killing, and then kill the Golden egg laying goose ??
As it is, I know a few people who left Singapore, because of high rental, when HDB rental is going up and up, till a 2 bedroom HDB is averaging at 2,500 - a big jump from 1,600 .. even in far off places .. and those who left have happily settled down in Malaysia ..