View Full Version : HDB as master land developer and regulator of housing prices
SINGAPORE: As Singapore looks ahead to the next 50 years, one key area that needs looking into is the allocation of scarce land, said Mr Ho Kwon Ping.
Mr Ho, the Executive Chairman of Banyan Tree Holdings, is an S R Nathan Fellow for the Study of Singapore. He gave his second lecture on Wednesday (Nov 12) under the IPS-Nathan series organised by the Institute of Policy Studies at the National University of Singapore.
The Housing and Development Board (HDB) needs to evolve from its current role as a housing developer, said Mr Ho. Over the next few decades, it should focus on a new dual role - as a master land developer and regulator of housing prices.
This means setting sale-price ranges for land parcels, which are in turn auctioned off to private developers. Mr Ho says the competition will ensure design and quality, but within price ranges set by HDB.
“The competition by private developers on detailed design, quality, features and so forth, will ensure market forces dictate, but within presidential price ranges set by HDB. Not price ranges for land, but price ranges for the final product," he said.
"If we did that, all housing developments will become private. There will be a single master land developer selling parcels to private developers. There will be no more private versus public divide. Then HDB estates will be real towns, with housing of different price ranges, so as to erode the social distinctions that we still have and should not have in the next 50 years."
What a brilliant idea. It will bring about greater social integration and ease the social divide we now experiencing.
SINGAPORE: As Singapore looks ahead to the next 50 years, one key area that needs looking into is the allocation of scarce land, said Mr Ho Kwon Ping.
Mr Ho, the Executive Chairman of Banyan Tree Holdings, is an S R Nathan Fellow for the Study of Singapore. He gave his second lecture on Wednesday (Nov 12) under the IPS-Nathan series organised by the Institute of Policy Studies at the National University of Singapore.
The Housing and Development Board (HDB) needs to evolve from its current role as a housing developer, said Mr Ho. Over the next few decades, it should focus on a new dual role - as a master land developer and regulator of housing prices.
This means setting sale-price ranges for land parcels, which are in turn auctioned off to private developers. Mr Ho says the competition will ensure design and quality, but within price ranges set by HDB.
“The competition by private developers on detailed design, quality, features and so forth, will ensure market forces dictate, but within presidential price ranges set by HDB. Not price ranges for land, but price ranges for the final product," he said.
"If we did that, all housing developments will become private. There will be a single master land developer selling parcels to private developers. There will be no more private versus public divide. Then HDB estates will be real towns, with housing of different price ranges, so as to erode the social distinctions that we still have and should not have in the next 50 years."
What a brilliant idea. It will bring about greater social integration and ease the social divide we now experiencing.
I thought DBSS is supposed to do that?
And like in any housing estate, it will consist of people from different financial background. So if HDB would to set the price range too high, those poorer Singapore will be unhappy.
If they set the price range too low, then the quality of finish products will be crap.
I thought DBSS is supposed to do that?
And like in any housing estate, it will consist of people from different financial background. So if HDB would to set the price range too high, those poorer Singapore will be unhappy.
If they set the price range too low, then the quality of finish products will be crap.
The macro effect of this change is that there will be only landed and non-landed properties once all housing become "private". The market will dictate the different types of flats to be built as demand varies according to the different demographic profile of the buying population.
The macro effect of this change is that there will be only landed and non-landed properties once all housing become "private". The market will dictate the different types of flats to be built as demand varies according to the different demographic profile of the buying population.
The idea of PRIVATE sound good, but in reality the government will still need to be responsible for upkeep the estate, enhancing the value (eg. upgrading) and SERS.
If you go private, then you will have pay the price of being private and I am not sure if Singaporeans are ready to take over that responsibility of managing their own estate.
The idea of PRIVATE sound good, but in reality the government will still need to be responsible for upkeep the estate, enhancing the value (eg. upgrading) and SERS.
If you go private, then you will have pay the price of being private and I am not sure if Singaporeans are ready to take over that responsibility of managing their own estate.
These are the greater details which should work their way out. Rules and policies will have to change to facilitate the change.
SINGAPORE: As Singapore looks ahead to the next 50 years, one key area that needs looking into is the allocation of scarce land, said Mr Ho Kwon Ping.
Mr Ho, the Executive Chairman of Banyan Tree Holdings, is an S R Nathan Fellow for the Study of Singapore. He gave his second lecture on Wednesday (Nov 12) under the IPS-Nathan series organised by the Institute of Policy Studies at the National University of Singapore.
The Housing and Development Board (HDB) needs to evolve from its current role as a housing developer, said Mr Ho. Over the next few decades, it should focus on a new dual role - as a master land developer and regulator of housing prices.
This means setting sale-price ranges for land parcels, which are in turn auctioned off to private developers. Mr Ho says the competition will ensure design and quality, but within price ranges set by HDB.
“The competition by private developers on detailed design, quality, features and so forth, will ensure market forces dictate, but within presidential price ranges set by HDB. Not price ranges for land, but price ranges for the final product," he said.
"If we did that, all housing developments will become private. There will be a single master land developer selling parcels to private developers. There will be no more private versus public divide. Then HDB estates will be real towns, with housing of different price ranges, so as to erode the social distinctions that we still have and should not have in the next 50 years."
Than PR and foreigner can buy HDB is it.
One step forward and two step back ??????
Look at the mess Taiwan property is having now.
http://www.usma.edu/mclc/Mentor%20Bios/PingBio.pdf
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