Evaluation of housing and urban policy in Singapore

Publication Type

Book Chapter

Publication Date

4-2025

Abstract

Singapore’s land scarcity prompted highly interventionist housing policies, which have resulted in a high homeownership rate and a livable city. Policy success stems from the use of rigorous evaluation methods, including household surveys, cost-benefit analyses, pilots, and data analytics. For instance, the Housing and Development Board (HDB) conducts large-scale surveys every five years to gauge resident satisfaction. Cost-benefit analyses, such as hedonic pricing for urban projects, ensure policy efficacy. Pilots mitigate risks before full-scale implementation. The statistical infrastructure systems for property markets enable data analytics for affordable pricing of HDB flats and for timing of market interventions. These methods offer insights for evaluating housing policies in Korea, emphasizing data-driven approaches for affordability and market stability.

Keywords

Singapore, policy evaluation, evidence-based policymaking, housing policy, urban policy, cost-benefit analysis, small-scale pilots, household surveys, data analytics, Housing and Development Board

Discipline

Asian Studies | Public Economics | Real Estate | Urban Studies and Planning

Research Areas

Macroeconomics

Publication

Evidence-based policy analysis: Lessons learned

Editor

An Chong-Bum

First Page

273

Last Page

290

ISBN

9780197801826

Identifier

10.1093/oso/9780197801826.003.0013

Publisher

Oxford University Press

City or Country

Oxford

Additional URL

https://doi.org/10.1093/oso/9780197801826.003.0013

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