08-09-2022, 10:36 PM
If you go beyond the usual "no blame" attitude whenever PAP fails, this ST article states that 14,600 units were produced in 2019. However, demand was 38,500 units in 2018.
That is to say, that production is only 37% of the previous year's demand. PAP will of course, blame the pandemic for production numbers not keeping up with demand- but they have NO excuse for 2019.
This shows either a failure in planning, or an intentional tactic PAP is using to restrict supply in order to drive property prices up.
HDB is a shining example of a PAP institution that has lost its way.
https://shrtco.de/b3s7ba
That is to say, that production is only 37% of the previous year's demand. PAP will of course, blame the pandemic for production numbers not keeping up with demand- but they have NO excuse for 2019.
This shows either a failure in planning, or an intentional tactic PAP is using to restrict supply in order to drive property prices up.
HDB is a shining example of a PAP institution that has lost its way.
https://shrtco.de/b3s7ba