Hannieroo wrote:Neither. It's housing built by Singapore for Singaporeans. My views haven't changed. It might cost less if it wasn't being used for investment.
So to answer your question - neither apply.
well, to give you a neutral answer, HDB is not / was not being sold at cost, and somewhere along the line, the cost crept up .. and the 'market forces' pushed it up .. and it wasn't a cheap housing- per se .. though that may have been the initial plan (as supposedly admired by Thatcher .. )
in comparison - Somebody published a pledge by some former transport minister - about the time they launched SMRT -that it would be the mode to offer the cheapest travel option .. etc. etc ... then again, SMRT become a Public limited company, listed in the stock exchange, and couldn't be a not-for-profit company anymore ..
Same same for HDB - or so I believe .. somewhere along the line, the concept of public housing became blurred and hence HDB had to allow rental - on certain conditions, like minimum occupation period etc - which are being slowly tightened now ..