Government Ensures Affordable Public Housing for Singaporeans
Prime Minister Lawrence Wong affirmed the government’s unwavering commitment to keeping public housing affordable for all Singaporeans during a dialogue session with young students at the National University of Singapore on Jan 21, 2025. He emphasized that new Build-to-Order (BTO) flats will be priced in relation to income levels, ensuring accessibility for first-time homebuyers.
Supply Ramp-Up to Stabilize Property Market
In response to concerns about housing affordability, Mr. Wong acknowledged the challenges posed by million-dollar HDB flats and generational comparisons of housing prices. He reassured the audience that the Housing Development Board (HDB) would continue pricing new flats based on income levels, not influenced by the resale market, to maintain affordability for Singaporeans.
Evolving Singapore Dream and Social Inclusion
Reflecting on the evolving concept of the Singapore dream, Mr. Wong highlighted a shift from materialistic pursuits to individual aspirations and sense of purpose. He encouraged young people to embrace diverse pathways to success, emphasizing the importance of recognizing different abilities and strengths. Furthermore, he expressed the government’s commitment to supporting individuals with disabilities and special needs in achieving their dreams through educational and vocational opportunities.
Foreign Relations and Global Challenges
Addressing questions on geopolitical tensions and foreign policy challenges, Mr. Wong underscored Singapore’s positive bilateral relationship with the US and the importance of managing global competition without coercing nations into choosing sides. He emphasized the need for international cooperation to minimize the risk of conflicts and maintain a conducive environment for global prosperity.
Through insightful dialogue and candid responses, Prime Minister Lawrence Wong engaged with students on pressing issues, offering a glimpse into the government’s strategies to ensure affordable housing, foster social inclusion, and navigate complex international relations. As Singapore continues to evolve, embracing diverse aspirations and promoting collaboration remain pivotal in shaping a brighter future for all citizens.