S1E94: Sky high condo prices: are sales being funded by parents' retirement savings?

The Straits Times Podcasts · May 7, 2026 · 55m

Never mind that it’s way out west - Tengah’s first private condominium development sold out almost all its units over its launch weekend at the end of April.

At an average price of $2,120 per sq ft and a location that’s under the Outside Central Region (OCR) classification, the affordable suburban condominium is starting to feel more expensive.

But despite all our complaints about high property prices and the uncertain global outlook, these sales show that Singaporeans are still willing to fork out serious money for new, unsubsidised private residential properties.

Is this…