MM: Your HDB home value will never drop

As most Singaporeans live in HDB flats, Minister Mentor Lee Kuan Yew strives to make home ownership the most valuable possession for Singaporeans.

"85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down," said MM Lee.

The MP for Tanjong Pagar said that home renewal and refurbishing programmes in Singapore ensure that the value of housing here will continue rising.

He was speaking at the launch of Tanjong Pagar GRC's 5-year Master Plan on Saturday.

For more, catch this clip on RazorTV.