The PinnacleDuxton, a Housing & Development Board (HDB) public housing estate, stands in the Tanjong Pagar district of Singapore, on Tuesday, March 24, 2015. Countries around the world have lavished praise on the Singapore Model -- a state ruled by a single party, defined by robust economic growth, low crime and startling cleanliness -- that brought international renown to Lee Kuan Yew, who died Monday. Photographer: Sanjit Das/Bloomberg
IT is increasingly a cause for concern to see the rising cost of living leading to a significant erosion of income. This results in more youths and job entrants unable to afford decent dwelling, be it in urban or sub-urban areas.
Therefore, it has become a pressing policy matter to find an effective solution to keep real estate prices in check. Many governmental agencies have been set up, but affordability remains a problem.
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