Updating - What I found analysing 20 years of Singapore public housing data in 2022

Singapore’s public housing is internationally renowned for providing affordable housing to its citizens. Complementing its top-down urban planning approach, many academicians attribute Singapore’s effective public housing policies as a key driver to the city-state’s meteoric rise to first-world status since the 1980s.

However, this narrative has started to change among Singaporeans since the start of the pandemic in late 2019. As of September 2022, public housing prices in Singapore have increased for 27 straight months while seeing record number of million-dollar public housing transactions. And on 29th September 2022, the Singapore government announced a new set of cooling measures targeted to keep public housing prices affordable. So, is Singapore’s public housing prices spiralling out of control?

Housing has always been a very dear topic to me. I did a minor in Urban Studies at NUS, and wrote my Master’s thesis investigating the impact of the NEL subway line in Singapore on neighbouring public housing prices. In this post, I will use publicly available public housing resale data to explore the price trends in our Singapore public housing market.

Rising number of Million Dollar Singapore Public Home Transactions

Tags: Public Housing |