Desmond Lee To address demand, HDB is prepared to launch up to 100,000 flats from 2021 to 2025 if needed, said the Minister for National Development.
The Government will intervene and do what is "necessary" to ensure affordable public housing for Singaporeans as well as a stable property market, said Minister for National Development Desmond Lee on Tuesday (Oct 4).
Speaking in Parliament, Mr Lee said this has been the authorities' approach all along.
"We will do so decisively but also carefully, being cognizant of the uncertain global economic outlook and rising interest rate environment, which will affect home prices and contribute to uncertainty in our property market," Mr Lee said.
STRONG DEMAND FOR HOUSING In his reply, Mr Lee listed a number of reasons for "strong, broad-based demand" for housing over the last two years.
He pointed out that there have more households forming as those who are in their 30s get married, especially with the easing of COVID-19 measures.
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