Who is the one flipping prata? Workers’ Party Louis Chua had co-authored a Credit Suisse report titled “Singapore Property Sector 2023 Outlook: A beacon of light comes into view” in January 2023. In this report, he argued that housing affordability in Singapore remains healthy for the average household, given wage growth momentum amid a tight labour market.
Some of the points listed in the report:
“Despite cooling measures, a S$1mn home is estimated to be affordable for households on an overall average income in Singapore.”
“HDB remains relatively affordable with MSR well below 30% threshold”
“Relative to the region’s housing, remains relatively affordable for Singapore”
However, to the public and in parliament, the Workers’ Party would maintain their stance that public housing in Singapore is unaffordable. Here are some examples:
- On the Housing Motion – Speech by Leon Perera
- House Prices Are Too High – Speech by Jamus Lim on the Housing Motion
- Providing affordable homes for all Singaporean families – Speech by Gerald Giam on the Housing Motion
This is just another instance of WP feeding on populist ideas, even if their own people believe differently. Even if their own people actually know what the facts are. What a blatant hypocrisy!