Singapore to tackle public housing worries after surge in prices

Analysts are expecting the government to review the income ceiling to buy public apartments, where more than 80% of residents live. They also forecast an increase in housing supply and subsidies. — Bloomberg

WITH housing prices hovering near a record high, Singapore Prime Minister Lee Hsien Loong is expected to unveil policy changes to boost affordability in his annual National Day Rally address tomorrow.

Lee signalled in a speech on Aug 8 that adjustments will be made as the government “must still ensure public housing is accessible and affordable for Singaporeans of all income groups.”