As PRs form quite a substantial percentage of the buyers of resale flats, HDB should consider introducing rules to make it more difficult for them to make a profit out of them. A minimum residency period of 2 to 5 years should be imposed before PRs can purchase resale flats. They should be means tested to ensure that those who can afford private housing do not compete with Singaporeans in the resale market. And a stamp duty should be slapped on those selling their flats upon leaving Singapore. Unfortunately, HDB still insists that public housing remain affordable to the masses despite evidence showing otherwise. Singaporeans will have to wait till they are “caught off guard” again.
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