From the end of 2007 through last year, Singapore's public housing resale price index soared more than 40%.
The median price for a four-room apartment rose at the same rate during that time, from $215,000 to nearly $304,000. The actual rise, however, is "more dramatic," because public housing flats are smaller today than in the past, says Kenneth Jeyaretnam, secretary-general of the Reform Party, a liberal free-market party. Full story
