SINGAPORE: Affordable and accessible housing has become a hot-button issue in Singapore, one that Parliament discussed at length at the beginning of the year. With little relief in sight, the issue has gone on to be covered internationally, and a May 16 (Tuesday) BBC article tackled the realities of soaring prices for Singaporeans. The piece …
The rise in property and rental prices is due to a backlog in construction as a result of the building lull during the Covid-19 pandemic, but another factor is also at play—foreigners returning to work in Singapore
“We immediately went to search for available apartments. What we found gave us another shock. Rents have soared. The thought of not being able to afford a roof over our heads terrified us. It felt like doomsday,”The piece goes on to say that upon negotiating with their landlord, Ms Teh and her husband agreed on the new rental rate of their one-bedroom flat in central Singapore to be $2,900, when it had previously been S$1,950.
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