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Growing difficulty in owning a private landed home does not imply a lower standard of living

Landed home prices are up sharply and their share of private housing stock is declining

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Leslie Yee

Leslie Yee

Published Mon, Dec 30, 2024 · 12:52 PM
    • Owning a landed home is increasingly difficult as there is hardly any increase in supply.
    • Owning a landed home is increasingly difficult as there is hardly any increase in supply. PHOTO: BT FILE

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    IS LIFE getting harder for young professionals here? With costly car ownership, many people give up on owning a car.

    On the housing front, upgrading from a Housing and Development Board (HDB) Build-To-Order flat to a condominium is challenging. And owning a landed home can be beyond the reach of even high-income earners.

    Yet, in the early years after Singapore’s independence, numerous local accountants, civil servants, doctors, engineers, lawyers and teachers bought private landed homes, sometimes on single incomes.

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