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Party City Stores to Close by February, Company Says
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In an internal letter, the company said inflation and changes in consumer
spending had forced it to shut its more than 700 stores.
31 minutes ago
Earlier this week, Yahoo! Singapore showed a PropertyGuru report “HDB flats are more unaffordable than private homes”. On March 23, the Housing Development Board (HDB) issued a response to the report. The letter from HDB is published in full below.
ReplyDeleteHDB wishes to stress that the PropertyGuru report, “HDBs more unaffordable than private homes”, is misleading, as it is based on a simplistic analysis of incomplete data. We regret that PropertyGuru was not prepared to wait for HDB's response, in order to present readers with a balanced picture.
Cross-country comparison of data is often fraught with challenges, as countries differ greatly in their policies, state of development, and physical context. In housing, for example, the extent of our public housing programme (one of the largest in the world) and the use of CPF for housing (unique in the world) make us quite special. As a result, our rate of home ownership, at above 90 percent, is the highest globally.