the rapid increase in resale prices
retrenched workers faced longer periods before re-employment, and real wage growth in the medium-term has also remained modest. These trends may be symptomatic of a gradual and broader divergence between existing workforce skillsets and market demand, despite extensive retraining programs. The issue of public housing affordability has intensified as a key social concern. An increasing number of ‘million dollar flats’ are being transacted — a small proportion of the total transactions of public housing units, but still indicative of the rapid increase in resale prices. Public policy has been focused on ensuring that first-time purchases of public housing remains within reach. But escalating resale prices have had spillover effects on fertility decisions. Public housing resale prices for 2024 are estimated to increase by 7 to 8 per cent while median gross nominal income grew by 5.8 per cent. With the majority of households in public housing servicing their สล็อต