#Affordability

Across Asia’s high-performing property markets, a troubling consensus is taking hold: housing is increasingly unaffordable for ordinary households, and policy efforts so far have not tackled the deeper forces driving skyward prices. The leading cities—from Hong Kong and Singapore to Shanghai, Tokyo, and Seoul—have enjoyed economic dynamism and urban magnetism, yet the same forces fueling growth are now making homes an ever more distant dream for many residents. The overarching message from researchers and international policymakers is clear: if governments do not address the root causes, affordability will continue to erode social cohesion, choke mobility, and threaten the very benefits urbanization promises.