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Singapore's house prices have rocketed over the last few years and are getting less and less affordable as a consequence of ZIRP, immigration and dirty Chinese/
by crdoconnor 10y ago
Singapore's house prices have rocketed over the last few years and are getting less and less affordable as a consequence of ZIRP, immigration and dirty Chinese/Indonesian money looking for a safe haven.
The government the subsidies are graded depending upon whether you're newly weds, new immigrants who chose citizenship, age, if you have children, income, etc.
- Noseshine 10y agoQuestion - not arguing, I don't know the subject well: Are house prices relevant for this discussion? According to Wikipedia [0] 80% of the resident population live in Public housing in managed by the Housing and Development Board (HDB). Wouldn't house prices only be of concern to the other 20%? [0] https://en.wikipedia.org/wiki/Public_housing_in_Singapore https://en.wikipedia.org/wiki/Public_housing_in_Singapore
- EliRivers 10y agoOf that 80% who live in HDB flats, the ownership rate is not zero percent - it's 95% [0]. https://en.wikipedia.org/wiki/Public_housing_in_Singapore#Ownership_and_rental https://en.wikipedia.org/wiki/Public_housing_in_Singapore#Ow...