Thursday, July 5, 2012
Citiwire explains the housing market in Singapore:
If you hate government, want it out of your hair and held at bay, Singapore should be pure hell. One government agency manages 80 percent of the housing stock — all called public housing. It checks your age and whether you’re married to decide whether and when you’re eligible for an apartment. It decides what you’ll pay to occupy your flat, which local services will (or won’t) be provided. It even checks your ethnicity — every housing area has a set balance among the leading local ancestries — Chinese, Malay and Indian.