Singapore Public Housing Policy Essay

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The next section will discuss the impact of public housing policy in terms of 1) affordability 2) housing consumption efficiency and 3) social stability.
3 AFFORDABILITY OF SINGAPORE PUBLIC HOUSING
Firstly, the Government has been successful in providing affordable public housing to the Singaporean. The affordability of the public housing is maintained as a result of several key policies of the Government such as 1) below market pricing for new flat 2) concessionary loans and financing from Central Provident Fund (CPF) and 3) sufficient land to build new flats through Land Acquisition Act (HDB, 2014). Since 1960s, the Government has adopted a market based approach which new HDB flats are priced in reference to and at discount from the market …show more content…

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