Give the people what they want! Let's make flats cheaper for all the kao peh kao youngsters who want cheap and good location. Here's the catch.
1. All new flats bought after 2014 can NEVER be sublet. These flats will never be kept for investment by upgraders so they are constantly being released back to secondary market, ensuring a stable supply.
So there will be two types of resale flats in future,
either one that is pre2014 and can be sublet after 5 years which will probably be more expensive/above valuation/continue HDB's asset appreciation goal/march toward $2 million
or
one that is bought after 2014 and can never be sublet. These resale flats will almost always be sold under valuation because supply is predictable and constant thus providing a cheap alternative to expensive pre2014 flats.
This will protect asset values of existing owners, at the same time satisfy young couples constant whining of cheaper and good location flats.
2. Post 2014 flats can only be resold to eligible Singaporeans below age 35. They make so much noise that youngsters' housing needs should be especially looked after, so when it's their turn to upgrade, they should only sell back to the youngsters that they care so much and are so vocal about. No resale to PRC, indians, PRs, who can pay so much more. "Nobody should profit so much from public housing" they say....so please walk the talk.
3. Post 2014 flats to be subject to 10 or 15 years MOPs.
4. Post 2014 flats to be subject to monthly income cap of $15,000, and be priced not above 3x annual for most expensive units. Thus a five room at 60th floor with view of South China Sea will sell for only $540,000.
5. Post 2014 flats to be subject to no property tax. They will forever be owner occupied, so it's a kind of rebate for choosing these flats.
Your thoughts?