SDP proposes Non-Open Market flats to address HDB's 99-year lease crisis

06 April 2019

Non-Open Market, or NOM, flats that do not include land costs in their price should be introduced into the public housing system in Singapore.

This idea was raised at the SDP's launch of its housing policy Housing A Nation: Holistic Policies For Affordable Homes. Party Vice-Chairman, Mr John Tan, and Treasurer Mr Bryan Lim presented the landmark policy paper this afternoon.

Housing A Nation: Holistic Policies For Affordable Homes

01 December 2012

The SDP has proposed a new Non-Open Market, or NOM, scheme in public housing to help reduce prices of HDB flats. Under the scheme a segment of new HDB flats will be priced at cost minus the land "cost" that is currently factored into HDB prices.

 

SDP's alternative housing policy to address declining birthrate

31 May 2012

Singapore faces a grave and urgent problem of a low birthrate. With a record low fertility rate of 1.16 births per female, the percentage of persons aged 65 years and older will reach 19 percent of the population by 2030 compared to 8.7 percent in 2008.

Lowering HDB Prices

23 April 2011

In the recent years, Housing and Development Board (HDB) flat prices have skyrocketed by an astounding 40 percent in two years between 2007 and 2009.

For younger Singaporeans this hyperinflation of housing prices means that you have been priced out of a home.

Foe those who have made the commitment and brought the flats at these sky-high prices, you are staring at a lifetime of high mortgage payments.