Those numbers are a bit misleading because ~80% of Singaporeans live in government housing built by the Singapore Housing & Development Board (HDB) and offered

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