In a country publicly defined by wealth and GDP, a good number of people have only the streets to call home. The PropertyGuru's Cheryl Tay reports on the worrying prevalence of homelessness in Singapore. Singapore is often hailed by its own government and those in business as a financial hub, seemingly immune to economic issues which plague other countries. Even as the Eurozone faces a severe sovereign debt crisis, Singapore boasts one of the world's highest GDP per capita and continues to impress tourists and other foreigners with its infrastructure.
In Parliament earlier this year, Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam uttered the infamous words: "Our enhanced housing grants for lower income families are such that a family with a monthly income of as low as S$1,000 can now purchase a small flat." Full story
