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> 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,

> 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.

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.