Singapore's Public Housing Revealed
Singapore has one of the highest homeownership rates globally. But it is a complex balloting system that allocates flats. We unpack the process and answer the question, can supply catch up with demand?
Singapore's Public Housing Revealed - The Secrets Behind BTO Balloting
Singapore has one of the highest homeownership rates globally. But it is a complex balloting system that allocates flats. We unpack the process and answer the question, can supply catch up with demand?
Singapore's Public Housing Revealed
Singapore’s public housing model has been lauded as a success story. Where families once lived in overcrowded slums and squatter colonies, they are today residing in sprawling townships with modern amenities. We are one of the few big cities globally with affordable housing and the nation boasts one of the highest rates of homeownership in the world.Â
But recently, questions regarding the affordability of our public housing have arisen, as well as the public’s frustration over waiting times for the flat they want. With housing demands changing and growing, is this model due for a refresh?
We get unprecedented access to the inner workings of Singapore’s public housing system to find out how it works and how it is trying to balance the nation’s housing needs and wants.