[Proposal] Subsidy for first time owner (Never own HDB before) to purchase private property /u/Typicalsinkie101 Singapore

Hear me out. This proposal may be outlandish, but extraordinary times call for extraordinary measures..

I just hit my big 3 this year and I am starting to notice a trend among my friends, with many of them working in finance/tech/civil service and earning a relatively high income. Out of them many are in the “sandwiched” class, too poor for private but rich enough to over pay for resale HDBs, and had seen many of them doing so. Especially with the long waiting times for BTO (1992-1995 class of babies) would know this.

One way of smoothing out the demand curve, would be shifting this “sandwiched”group to the private markets, and not have them distorting the pricing in HDB resale. Of course, to avoid a case of disrupting the private markets, the subsidy will only be extended to couples/ singles >35 who would be otherwise eligible for resale HDB.

Happy to hear what the community think of this proposal

Hear me out. This proposal may be outlandish, but extraordinary times call for extraordinary measures..

I just hit my big 3 this year and I am starting to notice a trend among my friends, with many of them working in finance/tech/civil service and earning a relatively high income. Out of them many are in the “sandwiched” class, too poor for private but rich enough to over pay for resale HDBs, and had seen many of them doing so. Especially with the long waiting times for BTO (1992-1995 class of babies) would know this.

One way of smoothing out the demand curve, would be shifting this “sandwiched”group to the private markets, and not have them distorting the pricing in HDB resale. Of course, to avoid a case of disrupting the private markets, the subsidy will only be extended to couples/ singles >35 who would be otherwise eligible for resale HDB.

Happy to hear what the community think of this proposal