In a bid to increase housing affordability , the Prime Minister of housing has announced funding amendments so that those with higher incomes could also apply for newly - built affordable housing . Despite concerns that this extra funding will increase the prices of these homes , particularly ‘ ECs ’ , experts believe that this is unlikely as buyers currently have a housing excess that they are keen to sell ; there have also been claims that condo sales in the city - state will slump as potential buyers will now also qualify for ECs .
In a bid to increase housing affordability, the Prime Minister of Singapore has announced policy amendments so that those with higher incomes can also apply for newly-developed affordable housing. Despite concerns that this extra demand will increase the prices of these homes, dubbed ‘ECs’, experts believe that this is unlikely as developers currently have a unit excess that they are keen to sell; there have also been claims that condo sales in the city-state will slump as potential buyers will now also qualify for ECs.