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Dude...most countries are having inflation... pommie land, kangaroo land, mudland, ChiCons land, Yankee land, etc. So blame the ChiCons for giving the world the Wuhan virus n smashing supply chains...n cheating on the Yankees land erections putting biden in play n destroying Yankee land oil production causing energy prices to sky Rocket
You asked HDB, the new flat size built by them is it smaller than in the years of 80s & 90s? Even the present selling price has gone up 300%-500% higher.
Because the population has increased to 6.9millions, needs to build more flats with limited land, reduced flat area size and increase price is inevitable