| 29 May 2024, Wednesday |

Singapore sees the rise of million-dollar public housing

Hundreds of public housing apartments in Singapore, one of the world’s most expensive cities, are being sold for over one million Singapore dollars ($716,000) as COVID-related construction delays create a shortage of new units.

At least two units have surpassed the million-dollar mark in U.S. dollars, and the high prices are fuelling talk of new government measures to try to cool thriving property markets.

  • Reuters