Some 80 per cent of Singapore households live in public housing flats. File photo: SCMP / Roy Issa
Some 80 per cent of Singapore households live in public housing flats. File photo: SCMP / Roy Issa
Singapore

As Chinese buyer drops US$61m on 20 condo units, what’s fuelling Singapore’s home prices?

  • Prices for private and public homes have increased, but high-profile buyers aren’t to blame, observers say, as demand exceeds supply and construction costs rise
  • Property insiders say instead of even more cooling measures, the government should release more land supply to alleviate cost pressures, or legislate apartment sizes

Some 80 per cent of Singapore households live in public housing flats. File photo: SCMP / Roy Issa
Some 80 per cent of Singapore households live in public housing flats. File photo: SCMP / Roy Issa
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