New and Old #259

Housing in Singapore, the end (?) of cheap restaurants, a crazy chef, and a possible backstory on a video game feature

Singapore: Where your home loses value & everyone’s better off, Elysian, Elle Griffin, March 5, 2026

When the lease ends, the unit and building revert to state ownership, which usually tears down the building to build another one, selling 99-year leases once again.

This system is unlike any other in the world. Housing is not an investment or a retirement …