Singapore soaring rents become a political issue

Living space: The affordability of public residential housing in Singapore is a growing concern for all. The soaring home prices partly stem from a broader supply shortage after construction ground to a halt during the pandemic, say analysts. — Bloomberg

SINGAPORE: Expats aren’t the only ones feeling the pinch of rents in Singapore rising at the fastest pace in the world.

The pain is trickling down to young singles like Sonam, who are largely shut out of the nation’s subsidised housing programme and are starting to question the government’s resolve to tackle the problem.