3 ms·
Almost all housing in Singapore is public housing. https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore https://en.m.wikipedia.org/wiki/Public_housing_i
by sabellito 2y ago
Almost all housing in Singapore is public housing.
https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore
- creamyhorror 2y agoWhich is indirectly pegged to open-market prices. There's also some encouraging of a view of public housing as an appreciating asset. Insufficient new housing supply due to Covid, combined with these policies, has seemingly led to ongoing runaway (resale) public housing prices: a whopping 40%+ price increase over 2020 Q3 - 2024 Q4: https://www.hdb.gov.sg/-/media/HDBContent/Images/EAPG/EAPG-CSC/4Q2024-Flash-Estimate-Small-Chart.ashx?h=65%25&w=100%25 https://www.hdb.gov.sg/-/media/HDBContent/Images/EAPG/EAPG-C.... A 40% average increase in (resale) public housing prices over 4 years is eye-watering. Non-homeowners' wealth is getting inflated away by the rises, which is going to make it harder for younger people to have kids.
- lazylizard 2y agoit still costs less than 10yrs of median income though..