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Full-Text Articles in Urban Studies and Planning
Singapore: Real State Control, Sock Yong Phang
Singapore: Real State Control, Sock Yong Phang
Research Collection School Of Economics
The author explains how the government of Singapore has taken on the role of land use planner and housing developer to ensure affordable housing. Numerous instruments have been devised by governments to provide affordable housing. These can be classified into four broad categories: taxes and subsidies, land use and market regulations, public-private partnerships, and institutions that supply housing or provide financing.
Housing Policies In Singapore, Sock Yong Phang, Matthias Helble
Housing Policies In Singapore, Sock Yong Phang, Matthias Helble
Research Collection School Of Economics
Singapore has developed a unique housing system, with three-quarters of its housing stock built by the Housing & Development Board (HDB) and homeownership financed through Central Provident Fund (CPF) savings. As a result, the country’s homeownership rate of 90% is one of the highest among market economies. At different stages of its economic development, the Government of Singapore was faced with a different set of housing problems. An integrated land–housing supply and financing framework was established in the 1960s to solve the severe housing shortage. By the 1990s, the challenge was that of renewing aging estates and creating a market …