Singapore Deputy PM Allays Property Price Fears in May Day Rally

(Bloomberg) — Singapore’s prime minister-in-waiting Lawrence Wong used a May Day rally to address concerns over a red-hot property market fueling economic inequality, saying citizens will always have affordable homes.

“Affordable and accessible public housing, like access to first-rate education and healthcare will always be a key part of our social compact in Singapore,” Wong said on Monday, calling the government-built flats the world’s best.