Comparison and Experience of Housing Policies between China and Singapore
DOI:
https://doi.org/10.53469/ijomsr.2024.07(06).05Keywords:
Housing policy, Public housing, East Asian studiesAbstract
The housing issue is a problem facing many countries and is very critical to the people. The Habitat Agenda adopted by the Second Conference on Human Settlements of the United Nations Human Settlements Programme in 1996 puts forward efforts to achieve the goal of "adequate housing for all", which shows the importance of the housing issue for the people. The two nature of housing policy, market and people's livelihood, is an important support to promote the urbanization process and the healthy development of the housing market, and is also an important method for governments to deal with the housing problem, promote people's well-being and maintain social stability. The issue of housing security in China has always been a hot topic of public concern, and is also one of the important people's livelihood issues that the government strives to solve. China's housing prices have always been very high, and the middle and low income groups are facing great pressure to buy homes. In contrast, Singapore has successfully solved the problem of housing supply for different income groups in the society. Studying the successful experience of Singapore's housing security system has important reference significance for improving China's housing security system. The dual nature of housing policy leads to the complexity of government intervention in housing market. On the one hand, the real estate industry is an important pillar to promote economic growth; On the other hand, housing insurance must meet the basic housing and survival needs of the public. This paper makes a comparative study of China and Singapore to solve the housing problem, and explores how China can learn from Singapore's experience to better solve the problem.
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