With careful planning and sustainable means, designing homes at reasonable prices can be realised and offered to the masses.
As residential property prices increase across the world, architectural firms are coming up with innovative solutions to bring affordability to the market. Asian cities (namely Hong Kong,
Singapore and Shanghai) made the top three in a list of the world’s most expensive cities to buy a house, according to a report by real estate investment company CBRE Group released in April this year.
The report lists the average property price in Singapore as US$874,372. CBRE expects price growth to increase or at least stay, citing “high land prices and healthy demand” as drivers.
Skyrocketing prices are a global issue. From Australia to India, home ownership is an issue for many and governments are now examining the challenge on their hands.
“Affordable housing is a complex issue with many layers. We’re starting to see more government budgets and policies that attempt to improve affordability,” says Bianca Hung, Director of Australian architectural firm Hayball.
Hung believes architects and designers have the skills to deliver housing that addresses these critical issues of affordability, sustainable design and urban density.
“This has taken the form of architect-led development models such as Nightingale Housing and build-to-rent or rent-tobuy concepts like the Assemble Model – essentially bridging the gap between renting and owning your own home,” says Hung.
Nightingale Village is a collaborative project led by Nightingale Housing and includes the work of Hayball and five other Melbourne architects (Architecture Architecture, Austin Maynard Architects, Breathe Architecture, Clare Cousins Architects and Kennedy Nolan), aimed at providing exceptionally designed homes at cost.
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Modern Family Retreat
This four-storey home in Singapore’s Paya Lebar neighbourhood boasts a brick interior for warmth and cosiness and private spaces for quiet relaxation.
The Beauty Of Unpredictability
Bocci’s founder and creative director Omer Arbel pushes the boundaries of design through experimentation, research and collaboration.
opulent living
Etro Home Interiors and Gianfranco Ferré Home launch new collections where classic meets contemporary
thirty years of transformative design
Mr Philippe Starck along with 80 designers from Asia were invited to celebrate the 30th Anniversary of AXOR x Philippe Starck in Shanghai in March 2024.
back to the future
Highlights of Singapore designers’ showcase at Milan Design Week’s Future Impact 2.
intuitive matters
Banyan Group founder and executive chairman KP Ho tells us about his vision for new eco-friendly projects.
alpine sanctuary
Patricia Urquiola’s design approach brings the natural beauty of Andermatt into House Maya’s living spaces and aligns with its broader commitment to sustainability and responsible design.
true beauty
M Moser Associates injects unique Gangnam styling into the fully refurbished offices for beauty giant L'oréal in Seoul.
undivided duality
Slicing through a sedate suburban hollow is a multigenerational home of sharp, intrepid architecture.
different strokes
In this house designed by Makk Architects, the barrel vault, commonly associated with medieval structures, is tested on the domestic dwelling.