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THE LEVEL GROUND

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

    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.

    ResidentialSingapore residential propertylanded housingProperty investmentThe Level Ground

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