Six decades ago, when Singapore was emerging as an independent nation, it was one of the poorest cities in Southeast Asia.
Today, Singapore is a wealthy, modern city where roughly half of its 6 million people live in well-constructed high-rise apartments that were built by the government.
These subsidized apartments are typically bright and airy, and defy most perceptions of public housing projects.
As of early May, 54 of these apartments have sold for more than 1.35 million Singaporean dollars, or $1 million.
While these million-dollar apartments represent a tiny fraction of all transactions, they have nonetheless captured the imaginations of many Singaporeans and amplified worries about the affordability of housing in one of the world’s most expensive cities.
Locations:
Singapore, Southeast Asia