By Xinghui Kok
SINGAPORE (Reuters) -A record number of Singapore public housing units were sold for S$1 million ($780,000) or more in the June quarter, a private data provider said on Wednesday, taking the number of high-value sales in the first half of the year to almost 75% of the 2024 total.
Eight out of 10 Singapore citizens live in public housing built and sold by the government, and its affordability is a key issue for policymakers alongside high living costs.
According to real estate agency OrangeTee Group, a record 415 apartments were sold at prices above S$1 million in the second quarter, a 75.8% increase compared to the same period in 2024, after 348 sales in the first quarter.
Sales of million-dollar flats this year are “on track to exceed last year’s full-year record of 1,0