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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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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