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Bloomberg

Why Singapore's World Famous Public Housing System is Under Stress

Also today: Republican Mayor braces for tariffs, and the effects of the trade war on NYC's climate goals. By Save Singapore's vast public housing system has been renowned for delivering one of the world's highest homeownership rates. But the tiny nation is seeing growing discontent, as construction lags demand and resale values on public homes soar. What's more, the system prioritizes families and married couples, causing young Singaporeans to fast-track their relationships to access subsidized housing. Read more from Low De Wei today on CityLab: Singapore's World Famous Public Housing System Is Strained by an Overheated Market. And watch the video: What's Love Got to Do With Singapore's Public Housing? — Magdalena del Valle