Publication Type
Book Chapter
Version
publishedVersion
Publication Date
2007
Abstract
While Singapore is not generally regarded as a welfare state, the provision of housing welfare on a large scale has been a defining feature of its welfare system. The extensive housing system has played a useful role in raising savings and homeownership rates as well as contributing to sustained economic growth in general and development of the housing sector in particular. Few would dispute the description of Singapore’s housing policies as 'phenomenally successful' (Ramesh, 2003). Singapore’s economic growth record in the past four decades has brought it from third world to first world status (Lee, 2000), with homeownership widespread at more than 90 percent for the resident population.
Keywords
Housing policy, East Asia, Singapore, Welfare state, housing, home ownership, social welfare
Discipline
Asian Studies | Economics | Growth and Development | Public Economics | Real Estate
Research Areas
Applied Microeconomics
Publication
Housing and the New Welfare State: Perspectives from East Asia and Europe
Editor
Groves, Rick; Murie, Alan; Watson, C. J.
First Page
15
Last Page
44
ISBN
9780754644408
Publisher
Ashgate
City or Country
Aldershot
Citation
PHANG, Sock Yong.
The Singapore Model of Housing and the Welfare State. (2007). Housing and the New Welfare State: Perspectives from East Asia and Europe. 15-44.
Available at: https://ink.library.smu.edu.sg/soe_research/596
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://worldcat.org/isbn/9780754644408
Included in
Asian Studies Commons, Growth and Development Commons, Public Economics Commons, Real Estate Commons