A/P Tilak Abeysinghe on soaring property prices and widening income disparity
In the recent Singapore Economic Policy Forum organised by NUS Department of Economics and the Economic Society of Singapore, A/P Tilak Abeysinghe (Department of Economics, FASS) spoke on housing prices and income inequality. He noted that when property prices soar, the income of those buying property to stay flows to property developers, owners of apartments for rental and the financial sector. This form of income redistribution widens income disparity in the society.
To find out more, click here to access the full article in Chinese on Lianhe Zaobao (1 November 2014).