• Policy Innovations for Affordable Housing In Singapore

    From Colony to Global City

  • Phang, Sock-Yong

  • isbn:



    1st edition 2018



"This book tells how public authorities in Singapore designed and adapted policies for allocating land, capital, and labor in order to create good places for Singapore citizens and residents to live and work, setting the infrastructure for people in Singapore to create a poster-child East Asia economic miracle of the late 20th century ..The book is among other things a fascinating analytical economic history about how Singapore purposefully deployed a suite of interrelated public policies about land use, life cycle savings, taxation, regulation, and ethnic toleration." -- THOMAS J. SARGENT, Nobel Laureate in Economics "Rich in facts, data, and scholarly analyses, this book tells a fascinating story of Singapore's affordable housing policy. It eloquently demonstrates that the objective of affordable housing is achievable. Global cities around the world struggling from declining housing affordability could learn a lot from Singapore's success." -- ZHI LIU, Lincoln Institute of Land Policy, USA "Which country gets the housing market right? This is a question that experts very often get at conferences, gatherings, and during interviews. And usually "Singapore" comes up as one of the answers. Sock-Yong Phang does an excellent job in sharing her knowledge on Singapore's housing market, and on what has and has not worked." -- HITES AHIR, International Monetary Fund Global cities today are facing fundamental challenges in relation to unaffordable housing and growing economic inequality. Singapore's success in making homeownership possible for 90% of its population has attracted much attention internationally. This book represents a culmination of research by the author on key housing policy innovations for affordable housing. Housing policy changes were effected in the 1960s through reforms of colonial legislation and institutions dealing with state land acquisition, public housing, and provident fund savings. The comprehensive housing framework that was...
alternative ISBN/ISSN-s: doi : 10.1007/978-3-319-75349-2
urn : urn:nbn:de:1111-201804244471