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Review of Housing Policy and Housing Provision System in Singapore

진미윤 1 LEE Hyunjeong 1

1대한주택공사

Accredited

ABSTRACT

The study is designed to take a closer look at the housing policies and to understand the housing provision system in Singapore. The main purposes of this study are to examine the Singaporean housing policies in a chronological order and to delineate the mechanism of the housing provision system that includes housing market, housing supply and distribution, housing financing. To achieve the specific objectives, this research study utilizes qualitative research methods such as content analysis and in-depth interviews, so that it provides a comparative perspective of housing policy. The major findings illustrate that the national housing policy that has been established since 1960s is to facilitate the homeownership of public housing, a wide range of housing programs supported and implemented by the government is available, the adequate measures to avoid profits from housing development are ensued (e.g., public land ownership and leasehold system), and the systematic housing financing tool is available for both homeownership and upward mobility. Therefore, the result implies that the priority of the national housing policies needs to be established including beneficiaries and anti-speculative measures. Further, its ultimate goals of the long-range public housing development are clearly addressed including funding sources to execute the relevant housing programs.

Citation status

* References for papers published after 2022 are currently being built.