--- title: "The Million Dollar HDB: Opportunity Or Market Bubble? [Chills 195 ft Prof Chua Beng Huat]" description: "Chua Beng Huat: How Singapore's public housing policy enabled private accumulation of housing wealth, going against the original intent; social welfare" image: https://www.thefinancialcoconut.com/hubfs/Chills%20196%20.png --- [Skip to content](https://www.thefinancialcoconut.com/blog/chillswithtfc-195#main-content) [![Full_COlour](https://www.thefinancialcoconut.com/hs-fs/hubfs/Full_COlour.png?width=456&height=80&name=Full_COlour.png)](https://www.thefinancialcoconut.com/) - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) Open main navigation Close main navigation - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) - [Contact us](https://www.thefinancialcoconut.com/contact-us) [Contact us](https://www.thefinancialcoconut.com/contact-us) Nov 7, 2024, 2:12:30 PM # The Million Dollar HDB: Opportunity Or Market Bubble? \[Chills 195 ft Prof Chua Beng Huat\] ![Picture of The Financial Coconut](https://www.thefinancialcoconut.com/hs-fs/hubfs/Square%20(2)-3.png?width=50&name=Square%20(2)-3.png) [The Financial Coconut](https://www.thefinancialcoconut.com/blog/author/the-financial-coconut) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.thefinancialcoconut.com/blog/chillswithtfc-195) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.thefinancialcoconut.com/blog/chillswithtfc-195) [envelope icon](mailto:?body=https://www.thefinancialcoconut.com/blog/chillswithtfc-195) [Share this page](https://twitter.com/intent/tweet?url=https://www.thefinancialcoconut.com/blog/chillswithtfc-195) [![Follow The Financial Coconut](https://no-cache.hubspot.com/cta/default/46975693/interactive-182431637553.png)](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/redirect?encryptedPayload=AVxigLL2CjCe42iR2RH2MpVX0Ej%2BKJQ%2F3A0Z7pXnUs35To%2Bo6nbKcpBVq9I98X5NUungVEwfs5YCKuM%2FaP97VxIITkTlihT57%2F%2F4XDW9rT3VR4MatSLDi%2BMU5mbQqihfX3LRRz83ij8K19OiD8UXy8sdct4t0Q%3D%3D&webInteractiveContentId=182431637553&portalId=46975693)   Are million dollar HDB flats a phenomenon or just the realisation of an underlying issue? In this episode, we sit down with renowned sociologist Chua Beng Huat Emeritus Professor, NUS and Visiting Fellow, SMU, to understand the factors that have led to this situation. Professor Chua provides insights into the origins of Singapore's public housing policy and how HDB flats have transitioned from being a social welfare good to an instrument for private wealth accumulation. He explains how this unintentionally contributes to income inequality in Singapore. As the discussion delves deeper, Professor Chua shares his perspective on whether the government is still in control of the housing market and if selling your million dollar flat is a smart move. Don't miss this fascinating conversation that sheds light on the complexities surrounding the future of affordable public housing in Singapore. Tune in to get Prof Chua's analysis and hear more about the larger moral and political implications at play. Professor Chua's provocative analysis of how Singapore's public housing policy in his book "**Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing**" is a must-read for those seeking a deeper understanding of the unintended consequences of well-intentioned social programs. **What We Discuss:** - 02:47 - Could you share the journey that led to your current, widely recognised position? - 06:20 - Could you briefly introduce your book and its core message for our audience? - 10:29 - The factors behind the phenomenon of million-dollar flats? - 19:31 - Is it accurate to say that a primary goal of the BTO scheme is to stabilise HDB prices, potentially impacting homeowners? - 24:05 - What advice do you have for professionals using the HDB system to enter the private market? - 32:07 - How can we maintain the affordability of HDB while acknowledging its quality and benefits? - 36:40 - What is your perspective on the new HDB Plus and Prime initiatives? - 40:48 - What advice would you offer to working professionals based on your experiences? **Episode Resources:** - [Spotify](https://open.spotify.com/episode/6991ra0WGGEBjTc8waoeW0) - [YouTube](https://www.youtube.com/watch?v=GpG8ZhD6i9s) - [Apple podcast](https://podcasts.apple.com/sg/podcast/4-day-work-week-what-your-bosses-really-think-w-s-100/id1487004505?i=1000675538615) New Chills with TFC episodes every Thursday. 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