Excellent article on Singapore, its historically excellent public housing system, and the issues it now faces. Really the main issue noted is rather familiar though. People come to see property as a nest egg, a source of wealth, when frankly that view only makes things worse for a housing market. It’s to be seen however if the government will be able to fix this or if it will stumble as so many other governments around the world have.
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[archive link](https://archive.is/20260131132824/https://www.ft.com/content/2333c0fc-32df-41d5-9696-ed2d90181c7a)
Excellent article on Singapore, its historically excellent public housing system, and the issues it now faces. Really the main issue noted is rather familiar though. People come to see property as a nest egg, a source of wealth, when frankly that view only makes things worse for a housing market. It’s to be seen however if the government will be able to fix this or if it will stumble as so many other governments around the world have.