Modular housing explained: Costs, barriers and opportunities

Demand for alternative dwellings is growing as housing shortages intensify across the Asia-Pacific. Rising interest rates and housing costs are having an impact, with one study finding young people today feel they have little hope of owning their own home.

Lending and accounting standards need to catch up to support more widespread adoption of new housing options. Can modular homes alleviate the housing shortage?

Prefabricated housing has a range of benefits, and modular housing is just one of several emerging models, including tiny homes, that have the potential to take some of the pressure off a stretched housing market and address housing affordability.

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