No need to worry about flats being too expensive

The Rhetoric

“There is no need to worry that HDB flats are getting too expensive for your children.”
Ex-PM Goh Chok Tong, National Day Rally, 1996

The Reality

“The latest Housing Board statistics show that, as of the end of last year, 37,823 households could not afford to buy their own flats or rent homes in the open market and occupied heavily subsidised one-and two-room HDB rental flats under the Public Rental Scheme.”
Straits Times Jan 29, 2005

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