Singapore's HDB units named most affordable public housing in APAC

The country, however, has the most expensive private homes.

Singapore's HDB units are the most affordable public housing in the Asia-Pacific (APAC) region, according to Urban Land Institute (ULI) Asia Pacific Center for Housing's Home Attainability Index. 

The country's public housing units have a median price-to-income ratio of 4.7.

The units' median price of US$409,095 is on par with the other median prices found in many second-tier cities in China and Tachikawa, a satellite city in Tokyo, Japan.

ULI said the HDB units' low costs were due to "the high priority the Singapore government has placed on providing affordable housing to its citizens."

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On the flip side, the study stated that Singapore is the city with most expensive private homes APAC, with a median price of US$1,200,087.

Singapore also has the most expensive rental cost in the region, with a median monthly rent of US$2,596 for its non-HDB units.