Public Housing Policy in Singapore

507 Words2 Pages
1 INTRODUCTION
The Singapore public housing policy since its establishment has proved to provide shelter for the population and has contributed significantly to the economic, social and political development of Singapore. This policy has been the benchmark for the best public housing by other countries notably China and Hong Kong (Yang, 2010; Wong, 2011).

The public housing policy implementation has been spearheaded by Housing and Development Board (HDB) to tackle post war economic problems such as rapid population growth, high unemployment rate and a critical shortage of sanitary housing (HDB, 2014). The policy was also aimed to mitigate social problems such as riots and strikes among the different ethnic groups (HDB, 2014).
The success story of public housing policy implementation lies in the higher economic growth and social stability of Singapore. Economic growth saw 82% of the population live in 879,000 HDB flats located across 23 towns and estates with home ownership rate at 95% high (Department of Statistics, 2014). In terms of social stability, the policy implementation has freed Singapore from race riot since 1969 (Department of Statistics, 2014).
However, rising issues and concerns of ageing population, income disparity and higher housing price have destabilized Singapore’s public housing policy (Population White Paper, 2013). In light of these challenges, new measures and directions have to be introduced by the Government to keep public housing policy relevant
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