Singapore Election 2011

Latest news and updates about Singapore's 14th GE

Lee Kuan Yew: Singaporeans blame immigrants for rising prices of HDB flats as they do not like ‘waiting’

Posted by singaporege2011 on April 27, 2011

In a sign that the PAP leaders are increasingly out of touch with the ground, PAP’s paramount leader Lee Kuan Yew now calls on Singaporeans to buy resale flats if they are unwilling to wait for the new flats to be built.

The sky-rocketing prices of HDB flats is likely to be a major issue in the coming election.

Despite evidence showing otherwise, PAP leaders continue to insist that HDB flats are ‘affordable’ to the majority of Singaporeans.

In an interview with Wall Street Journal, Lee, which remains the de facto leader of the PAP, claims that the new flats cost more because they are ‘better designed and are more elegant.’

“Singaporeans also do not like waiting and they blame the immigrants for pushing up the prices of the homes,” he was quoted as saying in Channel News Asia.

PRs form some 20 to 40 percent of buyers in the resale market. Some of them, like YPAP leader and new citizen from India Sinha Shekhar admitted that they sublet their HDB flats for rental income while staying in condominiums, much to the chagrin of Singaporeans.

Lee added that HDB flat buyers can buy off the open market from owners who want to sell their HDB flats without realizing that their prices are now out of reach from Singaporeans, especially those who just enter the workforce.

The ruling PAP faces its toughest election for decades with public anger against its flawed policies at an all-time high. However, the 88 year old Lee, which earns the nickname of ‘National Forecaster’ for his ‘extraordinary’ forecasting ‘talents’ said he believes the PAP will remain the ‘strongest’ party in Singapore.

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4 Responses to “Lee Kuan Yew: Singaporeans blame immigrants for rising prices of HDB flats as they do not like ‘waiting’”

  1. Alan said

    I have not come across anybody who likes to wait. Do you like waiting….to die?

    • pino said

      correct! I also don’t like to wait.
      and I want to ask Mr Lee, do you think all can wait for their house? How do you know those that are in real desperate need?
      as a leader speaking such comments, you are really loosing touch of the grounds.

  2. lolwhat? said

    to protect you from losing your grc the election community, Ng Teck Siong was disqualified 35s for being ‘late’ and then soon after your victory was announced nice try lky, the length your people will go to protect you, and now after your so called ‘won’ you start smack talking singaporeans? saying if we do not like to wait we can buy resale flats, with salaries being stagnant for the past 10 years who would be able to afford the flats?

  3. Tony said

    Truth is that many Singaporeans would prefer to wait for their dream flat. Myself, when I THOUGHT I was with my “future life partner” was already making strategies as to how to get the location we wanted. No point putting up with second best, as the place would have been our home for the next 20-30 years. In a sense good we waited now that my relationship status has gone on to “COMPLICATED”

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