AN INDUCTIVE PERSPECTIVE OF SINGAPORE HOUSING POLICY: A COMPARATIVE STUDY

Abstract

The housing market in Singapore has observed extensive development and growth over the past years due to the validation of favourable economic, lawful, social, civilized, and political policies. housing and Development Board is the managerial organization that responsible for the development and improvement of the housing area in Singapore. In Singapore, above 80% of its citizens own homes, apartments, hostels and flats. Singapore has also set up economic facilities such as the Central Provident Fund (CPF) to provide loan to its citizens at a lower interest rate to acquire houses and apartments. Favourable housing policies have also enabled the development and growth of other housing industries in other developed economies such as the UK, USA, Sweden, and Poland.