Public housing must keep up with rising aspirations of people
LKY on HDB. CNA, with video:
Former Minister Mentor Lee Kuan Yew said public housing has to keep up with the rising aspirations of Singaporeans and that the facilities and design of older estates should also not fall behind newer ones. …
I started this campaign 50 years ago in the 1960s, I saw Hong Kong – concrete and tarmac, no trees, no grass, nothing. I decided we will not be like that. We became different, trees everywhere, opens spaces with grass, children’s playground and a clean and safe environment,” Mr Lee said. …
“Everybody owns their own homes and the value of their homes go up as development takes place. 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.
“We are investing to bring it up to date and you pay a token sum, the government carries the rest and HDB has been doing a fine job to give you an environment that you have today,” Mr Lee shared.
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