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Public Homeownership, Housing Finance and Socioeconomic Development in Singapore

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  • Yong Tu

Abstract

This paper first presents an analytic review of Singapore public homeownership policy developments over the past 35 years. The analysis will then focus on the two main reasons contributing to the success of Singapore public homeownership: the country’s model of public housing finance; and the significant role public homeownership has played in its economic development. Finally, the paper concludes that the Singapore public housing system is not a ready package that can be applied anywhere, but that it does offer experiences that could be useful for other countries.

Suggested Citation

  • Yong Tu, 1999. "Public Homeownership, Housing Finance and Socioeconomic Development in Singapore," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 11(2), pages 100-113, July.
    • Handle: RePEc:bla:revurb:v:11:y:1999:i:2:p:100-113
    DOI: 10.1111/1467-940X.00009
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    Cited by:

    1. Deo Bardhan, Ashok & Datta, Rajarshi & Edelstein, Robert H. & Sau Kim, Lum, 2003. "A tale of two sectors: Upward mobility and the private housing market in Singapore," Journal of Housing Economics, Elsevier, vol. 12(2), pages 83-105, June.
    2. Hongyan Chen & Jinping Song & Huaxiong Jiang, 2023. "Inequity in Housing Welfare: Assessing the Inter-City Performance of China’s Housing Provident Fund Program," Land, MDPI, vol. 12(3), pages 1-17, March.
    3. Willoughby, C., 2001. "Singapore's motorization policies 1960-2000," Transport Policy, Elsevier, vol. 8(2), pages 125-139, April.
    4. Poh Har Neo & Nai Jia Lee & Seow Eng Ong, 2003. "Government Policies and Household Mobility Behaviour in Singapore," Urban Studies, Urban Studies Journal Limited, vol. 40(13), pages 2643-2660, December.
    5. Yong Tu, 2004. "The Dynamics of the Singapore Private Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 41(3), pages 605-619, March.
    6. Li Bingqiao & Fei Gao & Seck Tan, 2023. "Aging like fine wine: a Singapore public housing story," International Real Estate Review, Global Social Science Institute, vol. 26(1), pages 95-126.

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