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Singapore housing prices are in no way "reasonable". There is a large public housing component (80%), but those have also been increasing in price compared to m
by forgingahead 5y ago
Singapore housing prices are in no way "reasonable". There is a large public housing component (80%), but those have also been increasing in price compared to median income, and decreasing in size. For the private market, average prices are now 15x the median yearly salary. [0]
Singapore is facing the same issue every other locality is with housing prices: prices have no fundamentals any more and are just inflating upwards out of reach from the median buyer. One can compensate slightly with smaller homes, but that has an impact on fertility rates and other quality of life indicators.
[0]: https://www.straitstimes.com/business/invest/property-no-longer-the-best-retirement-investment-dbs-report https://www.straitstimes.com/business/invest/property-no-lon...