Affordable housing - a new category of HDB flats

The Singapore Democratic Party has proposed the creation of a NOM (non-open market category) of HDB flats. They will be sold at cost of construction and can only be re-sold back to HDB at its posted price. See details here. http://leongszehian.com/?p=2003

This is similar to the proposal that I have made in my blog and Facebook two years ago. My recent survey also indicated that the general public is in favor of this new category of flats.

http://tankinlian.blogspot.sg/2012/09/affordable-housing-top-priority.html

Here is my suggestion on pricing of flats under the new category (posted in 2010)
http://tankinlian.blogspot.sg/2010/01/new-pricing-formula-for-hdb-flats.html

http://tankinlian.blogspot.sg/2012/09/price-of-hdb-flats.html

http://tankinlian.blogspot.sg/2010/04/various-categories-of-public-housing.html