Singapore to Tackle Public Housing Worries After Surge in Prices
- Analysts expect tweaks to income ceiling, more subsidies
- PM Lee signaled policy adjustments are on the way in speech
Blocks of public housing in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
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 Sunday.
Lee signaled 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.”