In just a decade, Mark Wang made a cool S$700,000 (US$530,000) profit when he sold his public housing flat for S$1.07 million last September, having bought the heavily subsidised unit from the government through a ballot. He intends to partially fund the purchase of two condominiums with the profit. “Yes, it’s a kind of lottery effect and I feel truly blessed,” said the associate group director, 45, from real estate agency PropNex Realty, who specialises in private homes in the central region…

This post was originally published on South China Morning Post.