PAP ministers have repeatedly told Singaporeans that public land will be recycled after 99 years to construct affordable public housing. Unfortunately, they are being economical with the truth. 😦
In reality, PAP has been taking back HDB flats – even before the end of the 99-year lease – but did not subsequently construct public housing: the land was sold to private property developers.
Some instances highlighted on social media:
In early 2000s, HDB flats in Alexandra were taken back with the land sitting empty for almost a decade. On the same plot of land, these condos have now replaced public housing:
1) The Metropolitan (TOP 2009)
b) Ascentia Sky ( TOP 2014)
c) Echelon (TOP 2016)
d) Alex Residences (TOP 2017)
e) Artra (construction in progress)
HDB flats at Margaret Drive torn down, land left vacant for years. New condo, Margaret Ville, akan datang.
Flats in Hillview estate were demolished in 1995, with the land left vacant and sold to private property developers after 15 years. Link
Hundreds of plots of public land meant for recycling to provide affordable housing have been sold to private developers.
PAP profited billions from this while HDB flat buyers suffered when property prices shot up and are now forced to move to as far as Jurong or Punggol instead of having a home in, say, Alexandra or Tiong Bahru.
HDB lessees are expected to continue trusting PAP and accept its definition of ‘affordable’ housing, ie move to flats in far flung corners of Singapore.
PAP has no intention of recycling land for the benefit of HDB lessees. Likely, when HDB leases are up, the land will again be sold to private property developers.
After lying to HDB lessees for years, why wouldn’t PAP lie again in the future?
Correction: Hillview estate flats were not demolished but only SERSed in 1995.