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Those million-dollar flats are outliers. Housing remains largely affordable
The grants and subsidies offered to first-time buyers of both BTO and resale flats keep public housing within the reach of Singaporeans.
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Exorbitantly priced resale flats make for great headlines, but it is key to maintain the correct perspective, said the writer.
PHOTO: ST FILE
Phang Sock Yong
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Housing affordability is a fundamental issue across the world. Singapore is no exception. This is not surprising as basic shelter is one of the prerequisites of life.
Every now and then, however, one gets startled by reports about million-dollar flats changing hands in the HDB resale market.
