Year: 2024
Type: article
Abstract: Against the backdrop of rapid global urbanization, housing issues have become an important challenge facing all countries. This paper explores China's public rental housing system and Singapore's public housing system as two core strategies for addressing urban housing challenges. China's public rental housing, which seeks to give security to middle-class and low-income families, has undergone multiple developmental stages since the 1980s and eventually formed a comprehensive system covering basic housing security. In contrast, Singapore's public housing system has emphasized the goal of “Home Ownership for All,” promoted high homeownership rates, and covered a wider range of income groups since its implementation in the 1960s. This paper points out the key differences between the two systems regarding policy objectives, coverage, funding sources, and management efficiency.The paper concludes by examining the achievements and difficulties of Singapore’s public housing scheme and drawing inspiration for improving China's public rental housing system in combination with China's actual situation. It also provides recommendations for addressing China’s housing crisis and looking forward to China’s future.
Author: Ru Wang
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405793087