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Home sales in Singapore slump as Hong Kong sees rebound
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Hong Kong home rally poses headache for chief amid wealth gap
On the surface, the property markets in Singapore and Hong Kong have much in common. The two Asian financial hubs have both moved to rein in runaway home prices in recent years as they sought to make housing more affordable.
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Cheaper city to own property
Decentralisation Plannings
Decentralisation Strategy for Future Population Increase
HIgh percentage of public home ownership
Key strategies of decentralisation for Singapore
Less land use restrictions
Low percentage of private ownership
Lower density per square metres
Lower population density
More affordable
Shorter years of median household income