Public Housing in Singapore [Credits - tuis]
Singapore has undergone a huge cosmetic building change over the last couple of years. Since 2005 the building boom has been so active that property prices have risen by 70 percent. In the last year alone, office rent and residential rent also went up by 70 percent. This means Singapore sorts now the highest office rentals in all of Asia.
The construction boom comes with a hefty price though. Markets have slowed down in the last few months, in fact so much so that the overall increase of property prices only reflected a 0.17 percent profit margin in the 2nd quarter of 2008.
