Sunday, February 07, 2010

Housing Development Board Celebrates 50th Anniversary

My wife and I were at Toa Payoh yesterday when we chanced upon the Housing Development Board’s (HDB) exhibition at HDB hub. This year, HDB celebrates its 50th anniversary. About 90% of Singaporeans currently own a flat, with 80% of the population living in HDB housing apartments.

When Singapore gained independence, the majority of its population lived in slums and squatters set up haphazardly with little proper sanitation and hygiene. Today, Singaporeans live in houses which they are proud of, with great amenities and facilities in the neighbourhood.

However, these days, finding a flat here is becoming a Herculean task with the demand far outstripping supply! Many Singaporeans are looking for flat, be it resales flat or new flats. Housing estate agents are also having a field day with the boom in business.

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