Comparative Study on China's Public Rental Housing System and Singapore's HDB System

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 Singapores 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 Chinas housing crisis and looking forward to Chinas future.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.ga18936
Primary Topic
Housing, Finance, and Neoliberalism
Type
article
Field-Weighted Citation Impact
0.00
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article

Comparative Study on China's Public Rental Housing System and Singapore's HDB System

Ru Wang
Advances in Economics Management and Political Sciences
Housing, Finance, and Neoliberalism
article

Comparative Study on China's Public Rental Housing System and Singapore's HDB System

Ru Wang
article en

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 Singapores 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 Chinas housing crisis and looking forward to Chinas future.

Advances in Economics Management and Political SciencesVol. 143(1)
Beijing International Studies University (CN)
Sustainable cities and communities
Openalex Percentile: Top 67%
Housing, Finance, and Neoliberalism
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