Public housing in Singapore is currently managed by the Housing and Development Board. The majority of the residential housing developments in Singapore are publicly governed and developed and about 85% of Singaporeans live in such houses. These flats are located in housing estates, which are self-contained satellite towns with schools, supermarkets, clinics, hawker centres, as well as sports and recreational facilities. There are a large variety of flat types and layouts, catering to a variety of housing budgets. HDB flats were built primarily to provide affordable housing for the masses and their purchase can be financially-aided by the Central Provident Fund. As Singapore developed economically, changing demands has seen more up-market public housing developments catering to those with higher incomes.
Public housing in Singapore as such is not generally considered as a sign of poverty or lower standards of living as compared to public housing in other countries (Australia, England etc. where property pricing is significantly cheaper in the cost to size ratio). Although they are generally cheaper than privately-built homes in Singapore, they are built in a variety of quality and finishes to cater to middle and upper middle income groups. Property prices for the smallest public housing can often be higher than privately owned and developed standalone properties (Townhouse, apartment unit etc.) in other developed countries after currency conversion. Even though the majority... Read More