'When I was young, I lived in various places with my mother, who was a domestic servant. I lost my father when I was three years old, so we moved around a lot.
We stayed in a kampong in Lorong Ah Soo, …..I still remember where the kampong house was…..Then we moved to a shop house in High Street. My mum was working for a High Street merchant at that time. Today, that is where the MTI (Ministry of Trade and Industry) and MOF (Ministry of Finance) are (in The Treasury building)…..’
High Street, Sunday morning, 1977
MBT implemented a series of controversial public housing policies in the mid 2000s e.g. reduced the resale levy and relaxed the occupancy rules. The changes would possibly serve the multiple frontiers: (1) They aimed at the "upgraders" in order to generate more income for HDB; (2) solve the over supply problems in some remote areas such as Jurong West; (3) attract a critical mass to those under-development sectors like Punggol; (4) fulfill other economical and political agenda such as sustaining the domestic construction and renovation industries, and winning votes from the heart-landers.
In so doing, MBT broke away from the long-standing guiding principle of providing affordable public housing for the mass and ventured into high-end products. The public housing is closing the gap with the private. To show his support, PM Lee had been repeatedly telling the public that this move enabled a steady housing price appreciation and cumulated wealth for our citizen.
The series of new policies were like a double-edge sword. In the budget debate, MBT attempted to explain the housing price hike was not due to the popular reasons cited by many people. He used various statistics to show that the influence from PR and investors were insignificance. Realistically, HDB had to battle with many evolving challenges. Apart from unreasonable expectations from the youth, there was an overhang of 31,000 unsold flats following the 1997-98 Asian currency collapse. It took a decade to clear that. Pent-up demand after the 2003 SARS period and the 2008 banking meltdown created what now appears to be a supply shortfall.
The recent open criticism from MM Lee led to a series of market cooling measures from MBT. However, it was not certain if the cooling measures were drawer plans that prepared much earlier, or they were established and implemented as a result of the wakeup call.
MM Lee's criticism may also be viewed as a political move of dissociating the government from MBT. It had successfully directed the people's attention to MBT. However, looking at how the government functions, it is rather difficult to imagine that important issues like housing which affects most of the Singaporeans was decided by an individual and not the collective brains in the cabinet.
Back to the lighter moment. High Street ( 谐街) had provided me some fond memories in the 1970s. I stayed in Hill Street (禧街) directly opposite today’s MITA Building. MITA Building was a Police Station cum living quarters. It housed the Provost Unit for a few months in the early 1970s before returning back to the Police Force.
High Street Scene 1972
Although internet did not exist in that era, High Street No 86 Melwani’s Men’s Shop had already connected itself well with the globe, selling men wear from all around the world except China.
No 86 Melwani's men's shop, linking itself with the world
High Street - Dominated by Indian merchants, 1972
Metro (美罗) was situated at the heart of High Street and attracted big crowds in the busy afternoon. The departmental store closed at night and on Sunday. High Street was quiet after seven, only Emporium provided night life (up to 9pm) for the residents.
High Street after 7pm. 1971
High Street was trendy. You could discover the fashion. Fashion was not limited to the mini-skirts for the ladies. The thick frame spectacles worn by the men also recounted the lost era of 1970s.
High Street Fashion (1), 1971
High Street fashion (2), 1971
High Street Fashion (3), 1972
No comments:
Post a Comment