Housing Board should go 'back to basics': Lim Wee Kiak (Nee Soon)

Mr Lim Wee Kiak (Nee Soon) in Parliament on Tuesday called for the Housing Board to return 'back to basics'.

Mr Lim asked the Government to ensure the Housing Board makes home ownership its main mission, giving several suggestions on how to do so.

1. For flat owners to upgrade to private property, the Housing Board could disallow them to retain their flats for rental.
2. Impose additional tax conditions on permanent residents who invest in housing flats for rental or capital gain
3. Increase the housing grant to low income families while extending the minimum occupancy period to prevent them from cashing out prematurely.
   

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