Publication Type

Conference Paper

Publication Date

5-2013

Abstract

According to a 2011 IMF study, Singapore's level of government intervention in housing finance is the highest in the developed world (Slide 3). This level of intervention in housing finance has correspondingly produced the highest level of homeownership amongst advanced countries. This housing outcome is the result of our very unique HDB-CPF housing framework – an institutional framework that was established in the 1960s during the formative period of our country?s history (Slides 4 and 5). Singapore was, at that particular point in time, faced with a situation of chronic housing shortage, low homeownership rates and an underdeveloped housing mortgage sector due to the high risks involved in lending for low income housing (Slide 6).

Keywords

housing, consumer expenditure, Singapore

Discipline

Asian Studies | Public Economics | Real Estate | Urban Studies

Research Areas

Applied Microeconomics

Publication

Institute of Policy Studies Meeting, 2013 May 10

First Page

1

Last Page

41

City or Country

Singapore

Embargo Period

6-27-2013

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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