Singapore Deputy PM allays property price fears

Concerned citizens: A construction site for a public housing project in Singapore. There is disquiet among Singaporeans that home ownership will become increasingly out of reach for future generations. — AFP

SINGAPORE: Prime Minister-in-waiting Lawrence Wong used a May Day rally to address concerns over a red-hot property market fuelling economic inequality, saying citizens will always have affordable homes.

“Affordable and accessible public housing, like access to first-rate education and healthcare will always be a key part of our social compact in Singapore,” Deputy Prime Minister Wong said yesterday, calling the government-built flats the world’s best.