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Singapore: Leap Backward

Categories: East Asia, Singapore, Economics & Business, Governance

Singaland senses in the latest government budget a step backward [1] for Singapore: “The most telling sign is the decision to build 2-room flats for sale. The government had stopped building two- and three-room flats for sale in the 1980s as Singaporeans became well off and wanted to live in bigger flats. But in 2004 many of us lost our jobs and needed to downgrade to smaller flats, the government then started to build 3-room flats for sale. And now some of us can only afford a 2-room flat. Are we not back to the pre-1980s days?”