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Most public housing in Singapore is lessee-occupied. Under Singapore's housing leasehold ownership programme, housing units are sold on a 99-year leasehold to applicants who meet certain income, citizenship and property leasehold ownership requirements. The estate's land and common areas continue to be owned by the government. [79]
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
By the 1940s and 1950s, Singapore experienced rapid population growth, with the population increasing to 1.7 million from 940,700 between 1947 and 1957. The living conditions of people in Singapore worsened, with many people living in informal settlements or cramped shophouses. [3]
The history of the Republic of Singapore began when Singapore was expelled from Malaysia and became an independent republic on 9 August 1965. [1] After the separation, the fledgling nation had to become self-sufficient, however was faced with problems including mass unemployment, housing shortages and lack of land and natural resources such as petroleum.
“Singapore’s Housing Development Board increases supply slowly and steadily over time, so that everyone has a place to live, and so that housing—at least, theoretically—earns a modest but ...
Between 2 Oceans: A Military History of Singapore from 1275 to 1971 (2nd ed. Marshall Cavendish International Asia, 2011). Ong, Siang Song. One Hundred Years' History of the Chinese in Singapore (Oxford University Press--Singapore, 1984) online. Perry, John Curtis. Singapore: Unlikely Power (Oxford University Press, 2017). Tan, Kenneth Paul (2007).
Punggol has a home ownership rate of 92.5% as of 2020. This is higher than the national home ownership rate of 87.9%, making Punggol the fifth-highest in home ownership rate among all planning areas in Singapore.
Tampines has a home ownership rate of 93.2% as of 2020. This is significantly higher than the national home ownership rate of 87.9%, [20] making Tampines the second-highest in home ownership rate among all planning areas in Singapore. This reflects a greater prevalence of homeowners in Tampines.