In modern Singapore, a ‘lucky’ address a way to display wealth and status

Assoc Prof Sing Tien Foo from the Dept of Real Estate at the School of Design and Environment at NUS and Visiting Prof Sumit Agarwal and Assoc Prof Ang Swee Hoon of NUS Business School examined the effects of superstitions on purchases in the housing market. They found that many buy an apartment with an auspicious address to signal wealth and status.