{"id":9541,"date":"2021-01-18T00:00:09","date_gmt":"2021-01-18T00:00:09","guid":{"rendered":"https:\/\/www.scmp.com\/week-asia\/economics\/article\/3117954\/sky-high-prices-million-dollar-question-facing-singapores"},"modified":"2021-01-18T00:00:09","modified_gmt":"2021-01-18T00:00:09","slug":"sky-high-prices-the-million-dollar-question-facing-singapores-public-housing","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/18\/sky-high-prices-the-million-dollar-question-facing-singapores-public-housing\/","title":{"rendered":"Sky-high prices: the million-dollar question facing Singapore\u2019s public housing"},"content":{"rendered":"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.\r\r\u201cYes, it\u2019s a kind of lottery effect and I feel truly blessed,\u201d said the associate group director, 45, from real estate agency PropNex Realty, who specialises in private homes in the central region\u2026\n