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SINGAPORE — The Progress Singapore Party’s (PSP) proposed “affordable homes scheme”, where Build-To-Order (BTO) flats are priced primarily on construction costs, will take Singapore backwards to a time when flats served as just shelter and not an asset, National Development Minister Desmond Lee said on March 7. “They want to go backwards, to the time
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Pegging BTO flat prices to construction costs a step backwards for Singapore: Desmond Lee, Money News
Thomas Culton
11:21
SINGAPORE — The Progress Singapore Party’s (PSP) proposed “affordable homes scheme”, where Build-To-Order (BTO) flats are priced primarily on construction costs, will take Singapore backwards to a time when flats served as just shelter and not an asset, National Development Minister Desmond Lee said on March 7. “They want to go backwards, to the time
