Minister Desmond Lee has been serving at the Ministry of National Development since 2013, taking over as Minister in 2020. He joins us to discuss some important questions about housing affordability and accessibility, the broader social significance of housing, and whether expectations for housing are being set too high.

(00:00) On this episode
(00:24) Intro
(01:50) Current Housing Climate in Singapore
(23:39) Minister Desmond Lee's Philosophy Towards Home-Owning
(27:16) Keeping Appreciating Housing Prices in Check
(33:21) Balancing Investor & Global Interests
(37:21) Do Grants Foster Unrealistic Expectations Toward Housing Prices?
(49:50) Why Not Put More Restrictions on Reselling?
(54:00) Should Home Ownership Stop Being the Ideal?
(57:36) Why Do Citizens Still Feel Unsatisfied About Housing Policies?
(01:04:27) Misconceptions About Housing
(01:14:24) Could the Home Buying Process Be Simplified More?
(01:24:33) Planning Ahead for Future Generations (Long Island)
(01:28:14) One Shiok Thing

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Our Sponsor: Ministry for National Development!

This episode is brought to you in partnership with Ministry for National Development. For more info on what we discussed, here are some important links: 

• Draft Master Plan 2025
• MND’s website
• HDB’s website
• New BTO classification

One Shiok Thing

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Mics and Headphones from @shure

Chairs from @ergotunechair

Desk from @castlerysg

Edited and mixed by Tristen Yeak