Yes, when after 7 CMs.... still cannot control the cow(HDB).
Former Minister Mentor Lee Kuan Yew said that even though Singaporeans have been able to own a home through HDB, owners should think twice before selling their flats for a profit because prices will appreciate in value over years.
"Everybody owns their own homes and the value of their homes go up as development takes place,” he said in a Channel NewsAsia report. “Some are unwise enough to sell their homes, thinking they can buy another one, they then find they can't and have to rent a flat.
“But those who held on to their homes, I've seen their property values going up, five times, 10 times, 15 times, 20 times. This was the plan which we had from the very beginning, to give everybody a home at cost or below cost and as development takes place, everybody gets a lift, all boats rise as the tide rises.”