GE2025 Housing Blueprint: How Political Parties Plan to Transform HDB Living

Singapore’s General Election 2025 has put housing at the forefront of national discourse. With rising concerns about affordability, wait times, and long-term value, political parties are rolling out bold strategies to enhance public housing under the Housing & Development Board (HDB).

From new flat launches to innovative lease models, here’s a comprehensive look at how each party plans to address these pressing issues.

What Are Parties Proposing?

Housing is more than just shelter in Singapore — it’s a cornerstone of family stability and financial security. Each party has outlined distinct approaches to tackle HDB-related challenges. Let’s break it down:

Now, let’s head deeper into each proposal.

PAP: Building More Homes and Rejuvenating Communities

The People’s Action Party (PAP) has pledged significant investments in HDB housing. Here’s what they’re proposing:

• Launch 50,000 New Flats: The PAP aims to meet growing demand by launching 50,000 new HDB flats.
• Rejuvenate Older Towns: They plan to upgrade infrastructure in mature estates, ensuring older towns remain livable.
• Diversify Housing Options: Beyond standard BTOs, the PAP wants to introduce more flexible housing choices.
• Expand Active Ageing Centres: These centres will provide seniors with social and healthcare support within their communities.

While ambitious, some critics question whether supply can keep pace with demand. Additionally, rejuvenation projects may take time to show results.

WP: Making Housing Affordable and Accessible

The Workers’ Party (WP) focuses on affordability and inclusivity. Their proposals include:

• 70-Year Lease Options: Offering shorter leases at reduced prices could make homeownership more accessible for younger buyers.
• Allow Singles to Apply for BTOs at Age 28: This move addresses longstanding grievances among single residents who face restrictions.
• Reduce Wait Times: The WP advocates for faster BTO processes and greater transparency in allocation.

These ideas resonate with many Singaporeans frustrated by high costs and long waits.

PSP: Reducing Financial Burdens for Buyers

The Progress Singapore Party (PSP) zeroes in on easing financial pressures for HDB buyers. Key proposals include:

• Defer Land Cost Payments: By delaying land payments, buyers can manage upfront costs better.
• Maintain Buffer Stock of Flats: Keeping a reserve of ready-built flats ensures minimal wait times for applicants.
• Fair Tenancy Guidelines: These rules aim to keep rental costs affordable for small businesses and households.

Such measures could alleviate stress for first-time buyers and renters alike.

RDU: Rethinking the HDB Model Entirely

Red Dot United (RDU) takes a radical approach by calling for a complete reset of the HDB system. Their proposals focus on:

• Retaining Real Value for Leasehold Flats: Under the current model, flat values depreciate over time, often hitting zero at the end of 99 years. RDU proposes reforms to prevent this.
• Avoid Zero-Value Depreciation: Ensuring flats retain residual value would protect homeowners’ investments in the long run.

This bold vision challenges conventional thinking but raises questions about feasibility.

SDP: Simplifying Homeownership Through NOM Flats

The Singapore Democratic Party (SDP) introduces an innovative concept called Non-Open Market (NOM) flats. Here’s how it works:

• Affordable Pricing: NOM flats would be priced between $90,000 and $270,000, excluding land costs.
• Existing Flat Conversion: Current owners could convert their flats into NOM units, making them cheaper and easier to sell.
• Abolish CPF Minimum Sum Requirements: Removing this obligation would free up retirement savings for other needs.

While attractive, implementing NOM flats might require substantial policy adjustments.

Implications for Homeowners and Buyers

Each party’s proposals carry different implications for homeowners, buyers, and renters. Here’s what you need to know:

For First-Time Buyers

• Shorter leases (WP) and deferred payments (PSP) could lower entry barriers.
• NOM flats (SDP) offer an affordable alternative for budget-conscious families.

For Existing Owners

• Retaining real value for leasehold flats (RDU) protects long-term investments.
• Rejuvenation efforts (PAP) improve living conditions in older estates.

For Renters

• Fair tenancy guidelines (PSP) help stabilise rental markets.
• Active Ageing Centres (PAP) provide additional community resources.

What Does This Mean For You? Practical Takeaways

Here are some actionable tips based on the manifestos:

1. Research Your Options: Understand which policies align with your housing goals, whether buying, renting, or upgrading.
2. Plan Ahead: If affordability improves, consider entering the property market sooner.
3. Engage with Policymakers: Share feedback during town halls or via official channels to influence future decisions.
4. Stay Updated: Monitor policy announcements post-election to adapt your plans accordingly.

A Bold Vision for Public Housing

GE2025 represents a pivotal moment for Singapore’s public housing landscape. Whether it’s building more homes, reducing costs, or rethinking the entire HDB model, every party brings something unique to the table.

Ultimately, the choice is yours. By understanding these proposals, you can vote for the vision that best reflects your aspirations for a sustainable, inclusive, and vibrant Singapore.

After all, your home is where the heart and the future of the nation lies.