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My parents, baby-boomers employed in the Education Service with stable income and CPF savings, fitted snugly into the demographic profile of targeted buyers. Ten years after the launch of the HDB Home Ownership Scheme, purchasing a government flat had become a modern rite of passage for young Singaporean couples building their nuclear families. It was a life-long commitment to finance the largest family asset, a home, that would take decades of productive work life. Home Ownership could be seen as a huge driving force of industrialisation and productivity.
Void deck. Photograph by Tan Kar Lin
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