Housing Sector in Singapore Only Getting Hotter

The Jakarta Globe, 27 Mar 2011
Private home prices in Singapore rose 17.6 percent last year despite government attempts to cool the market in February and August. Resale prices of HDB apartments that house more than 80 percent of the population gained 14 percent.
The city-state’s median household income rose a much smaller 3.1 percent, or 0.3 percent after adjusting for inflation, to S$5,000 a month last year.
Singapore, Asia’s second-largest financial center after Hong Kong, has one of the world’s highest rates of home ownership at 87 percent, thanks to a home-building program to provide cheap housing for its citizens that began in the late 1960s. Full story