RWA was once a hot topic, with everyone excited about mapping real-world assets onto crypto, but it has recently cooled off. Major investment firms are gearing up in the RWA space, but normal people can do little because assets in the real-world are too expensive, whether properties or other valuable investments.

Last year, I was deeply moved by Singapore’s public housing values during my studies at NUS:

Minister of Ministry of National Development was struck by a poem by Du Fu, which he used to describe the mission of public housing - “安得广厦千万间，大庇天下寒士俱欢颜，风雨不动安如山", meaning: to build thousands of homes to shelter the scholars from the wind and rain, as stable as a mountain. It was in a piece of calligraphy hung in the former headquarters of HDB at Bukit Merah which has since been relocated to HDB Hub at Toa Payoh.
Singapore’s HDB policy carried out by the Housing & Development Board, helps locals, from the wealthy elites to the common vendors, afford homes. HDB prices are just around a quarter of many condos, and the government offers subsidies and favorable policies, making down payments and mortgages manageable.