Personal Explanation

Mr Speaker, thank you for allowing me to make this explanation. On 7 February 2023, when I was giving more details on the Affordable Homes Scheme during my closing speech for the public housing Motion, I have said the following, "will the scheme actually increase the holding cost of the buyers? I called that a breakeven price, meaning the land cost is determined today, you add on the interest payment and what would be the price going forward when the buyer wants to sell the flat in the market. The idea is that, this breakeven price should not be much higher than the current price for the current HDB owners." [Please refer to "Affordable and Accessible Public Housing, and Public Housing Policies ", Official Report, 7 February 2023, Vol 95, Issue 82, Motions section.]

The last phrase should read like this: "this breakeven price should not be much higher than the breakeven price for the current HDB owners." I would like to make this clarification and correction for the record.

Second Minister for Finance.