Why are properties the bulk of Singapore's "wealth"?


  • admin

    Why are properties the bulk of Singapore's "wealth"?


  • admin

    I failed Econs, but from what I understand, if you have a limited number of a desirable good, the price of that good goes up.
    In Singapore, that limited, desirable good is land. Land is already expensive on its own; you add value to it by building a property on it.
    Expensive land + property = expensive property
    Expensive land + property + good location = very expensive property.
    And I think the word is asset, not wealth. But then I failed Econs, so don’t take my name for it.