We need more out-of-the-box ideas to increase the supply of such houses especially by unlocking the government’s vast land bank for development of cheaper homes.”
when the cars are repossessed by banks due to repayment default.
We need more out-of-the-box ideas to increase the supply of such houses especially by unlocking the government’s vast land bank for development of cheaper homes.
The price of land, especially in the urban centres, is always the prohibitive factor for developers to price their projects according to what most wage earners can afford.
Bureaucracy must, once and for all, be removed in cases where it adds up to spiralling costs that would be reflected on house prices.
It’s common knowledge for all those who have to deal with the Land Office that it’s still one government department that’s been getting the most public complaints for inefficiency.
Our authorities dealing with the delivery of public housing need to visit Singapore’s Housing Development Board to study how it has managed to enable at least 85% of the island nation’s population to own houses.