So apparently anyone that makes less than $100K (USD) in Singapore is forced to live in public assisted housing because the cost of real estate is so ridiculous throughout the city-state. Oh, but here's the catch: Public housing in Singapore is better than the majority of even private-owned housing in most American cities.
Over 80 percent of Singapore's population lives in government housing.
That's because the cost of housing is astronomically expensive in the dense city-state. Generally, only millionaires live in private condos, while the rest of the population — anyone who makes under about US$97,000 per year — resides in public housing complexes.
But Singapore's version of public housing is glamorous, and looks much more like luxury condos than what we typically think of as public housing in the U.S.
I recently toured the Pinnacle @ Duxton, a public housing complex in Singapore that opened in 2010. There are 1,848 units — almost all of which are spacious and modern three-bedrooms — in the seven towers.
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