Record prices have been set in the private residential market and HDB prices have been rising steadily over the past year. What’s behind these trends and who is driving demand? Significantly, does this point to a creeping wealth gap making HDB flats unaffordable for young first-time home buyers? Lin Suling speaks to Ismail Gafoor, CEO of PropNex and Dr Lee Nai Jia, Deputy Director of the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
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