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He rejected the perception that he enjoyed an extravagant lifestyle, noting that he biked to work and back every day and that his family “only has two homes in

He rejected the perception that he enjoyed an extravagant lifestyle, noting that he biked to work and back every day and that his family “only has two homes in Singapore.” Ah yes, living the relatable humble lifestyle while awaiting delivery on the $50M yacht you bought with allegedly borrowed crypto funds.

JimDabell 4y ago
> S'pore's private property second-most expensive in the world > Singapore’s average property price is US$874,372 (S$1,183,375), with an average price of US$1,063 (S$1,439) per square foot. — https://www.todayonline.com/singapore/singapore-worlds-second-most-expensive-housing-market-cbre-report https://www.todayonline.com/singapore/singapore-worlds-secon...
- esotericimpl 4y ago
  Most Singaporeans are in subsidized housing only the wealthy buy property, i think its something like 80% of all housing is public in singapore.
- alphabetting 4y ago
  From a quick Google I see one of the homes was $35M. Confirmed blue collar guy.
- arcticbull 4y ago
  Those numbers are a bit misleading because ~80% of Singaporeans live in government housing built by the Singapore Housing & Development Board (HDB) and offered below market rate. [1] It's pretty clear these clowns weren't among them. As an aside, the HDB is a very effective housing policy for Singapore. The remaining 20% of Singaporeans - primarily the super-wealthy - live in a free-market-free-for-all. That average property price per square foot is high, yes, but that's likely the price for non-HDB housing - while the vast majority live in HDB housing. And very nice housing at that! The history of the HDB is really fascinating for those who care about housing policy. [edit] tl;dr that's not the price of housing in Singapore so much as it's the price for the top 20% of housing in Singapore. [1] https://en.wikipedia.org/wiki/Housing_and_Development_Board https://en.wikipedia.org/wiki/Housing_and_Development_Board
  - andreareina 4y ago
    It's a lot harder for today's youth to get an HDB apartment directly from the government and the prices for resale units are just as inflated as private housing.
    - TristanBall 4y ago
      Do you know why? Has the government policy changed? Building fewer new properties?
      - andreareina 4y ago
        Fewer new builds I think. Not many empty lots left.
deleted 4y ago
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JimDabell 4y ago

> S'pore's private property second-most expensive in the world > Singapore’s average property price is US$874,372 (S$1,183,375), with an average price of US$1,063 (S$1,439) per square foot. — https://www.todayonline.com/singapore/singapore-worlds-second-most-expensive-housing-market-cbre-report https://www.todayonline.com/singapore/singapore-worlds-secon...

esotericimpl 4y ago
Most Singaporeans are in subsidized housing only the wealthy buy property, i think its something like 80% of all housing is public in singapore.
alphabetting 4y ago
From a quick Google I see one of the homes was $35M. Confirmed blue collar guy.
arcticbull 4y ago
Those numbers are a bit misleading because ~80% of Singaporeans live in government housing built by the Singapore Housing & Development Board (HDB) and offered below market rate. [1] It's pretty clear these clowns weren't among them. As an aside, the HDB is a very effective housing policy for Singapore. The remaining 20% of Singaporeans - primarily the super-wealthy - live in a free-market-free-for-all. That average property price per square foot is high, yes, but that's likely the price for non-HDB housing - while the vast majority live in HDB housing. And very nice housing at that! The history of the HDB is really fascinating for those who care about housing policy. [edit] tl;dr that's not the price of housing in Singapore so much as it's the price for the top 20% of housing in Singapore. [1] https://en.wikipedia.org/wiki/Housing_and_Development_Board https://en.wikipedia.org/wiki/Housing_and_Development_Board
- andreareina 4y ago
  It's a lot harder for today's youth to get an HDB apartment directly from the government and the prices for resale units are just as inflated as private housing.
  - TristanBall 4y ago
    Do you know why? Has the government policy changed? Building fewer new properties?
    - andreareina 4y ago
      Fewer new builds I think. Not many empty lots left.

deleted 4y ago

[deleted]