Despite a significant reduction in the Housing Ministry’s budget for the 2025/2026 fiscal year, Minister David Lee has assured the public that the cost of government homes will remain unchanged. Speaking to reporters outside Parliament on October 23, Lee revealed that the ministry’s allocation had been reduced from $750 million in 2024 to $600 million, marking a 20% decrease. However, he emphasized that this cut would not hinder the ministry’s ability to fulfill its housing commitments. Lee attributed this confidence to a strategic shift toward public-private partnerships, which aims to diversify funding sources and reduce reliance on government guarantees or loans. Over the past five months, Lee has collaborated with the Ministers of Finance and Planning to secure international funding, ensuring the sustainability of housing projects. When questioned about potential increases in housing costs due to this new model, Lee firmly denied the possibility, stating, ‘We will be much more efficient. There was a lot of wastage under the previous government, but I will be running a very tight ship.’ He also promised citizens greater value for money, criticizing the previous administration for failing to deliver on this promise. Lee expressed frustration at not being able to fully contribute to the parliamentary debate, hinting at undisclosed information regarding contracts and past housing arrangements. He also criticized the opposition’s lack of depth in their questioning during the Standing Finance Committee deliberations, which are expected to conclude by October 25.