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In Singapore, eight out of 10 of its citizens live in public housing built and sold by the government and their affordability is a key issue alongside high living costs going into a general election next year. Singapore’s Housing and Development Board estimates the resale price index of all public flats increased by 2.5per cent in the third quarter of this year from the second quarter.
The government in August said resale flats remained “affordable for the vast majority of home buyers”.
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