Affordable HDB flats

The Minister for National Development faced the challenge of bringing down the price of new HDB flats to an affordable level, without causing a crash of the property market that can bring dire consequence to the economy. Here are some issues to be considered:

• How to determine the affordability and size of the flat?
• How to allocate the new flats and avoid a mad rush?
• Does the BTO scheme meet these objectives?
• How to prevent a crash of the property market?

I hope to get the views of knowledgeable people who have studied this matter in the past. Please send your suggestions to kinlian@gmail.com.