Photo by BBH Singapore on Unsplash Dear Readers, Thank you for coming here! You probably already know that the value of your flat is higher than the combined value of the land it sits on and the brick & motor. There could be a few reasons why this is the case. Here I would like to discuss it from the perspective of “Public Wealth” and would like to advocate that controlling the property price is important to a balanced society in Singapore. “Public Wealth” is defined as below in Oxford Dictionary: Public welfare, the public interest (now archaic)Public financial resources, national wealth As the name suggests, “Public Wealth” belongs to the public. However, we, as a member of public, may not get our share. A significant portion of the “Wealth” is used in building infrastructure, such as MRT stations, schools, hospitals, parks. As you can...