This new Master Plan is called a draft Master Plan. Well, it is the new Master Plan for the next 10 to 15 years, or between 2023 to 2028. Would it make any difference if it is a draft or not a draft plan? At 4 persons per new homes, this plan can comfortably accommodate another 2 million residents.
The PWP of 6.9m is for year 2030 and for an increase in population from 5.3m, or an increase of 1.6m in 17 years time. So the two plans seem to be complementary to each other. Some may want to quibble why 7.4m (5.4m +2m) in 2028 and not 6.9m in 2030? Let’s not split hair (or split cables) over such a small discrepancy.
Many Sinkies must be salivating at this prospect, looking forward to such great places to live and play. And being public housing, they will definitely be sold at a discount from market prices, or with a generous dose of subsidies. The future is surely looking so rosy. Boon Wan is planning well ahead.
Let me make a guesstimate of the prices of HDB flats in Holland V in year 2023. If the price is going to double in ten years, each unit of a 4rm flat should easily be around $1.2m at least, conservatively. But not to worry, the income of Sinkies should also be double or triple by then, so these flats would definitely be affordable, or the govt will make them affordable.
I can only dream, for by then I dunno where would I be. The fortunate young Sinkies would be the future proud owners of these dream homes and living a great life, gracious living among 7m people.
Chua Chin Leng aka redbean
* The writer blogs at http://mysingaporenews.blogspot.com
