Value capture and affordable housing: Insights from Singapore

To explain the role of value capture in Singapore’s progress, I will first provide some background information on Singapore and its housing sector. I will then take you on a journey back to the 1960s to show how we established our present institutional arrangements for land and housing. I will next...

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Bibliographic Details
Main Author: PHANG, Sock Yong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/2762
https://ink.library.smu.edu.sg/context/soe_research/article/3761/viewcontent/133rd_Henry_George_Address_Melbourne_15_Aug_2024_stamped.pdf
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Institution: Singapore Management University
Language: English
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Summary:To explain the role of value capture in Singapore’s progress, I will first provide some background information on Singapore and its housing sector. I will then take you on a journey back to the 1960s to show how we established our present institutional arrangements for land and housing. I will next describe how housing policies have evolved over the past six decades in response to changing contexts. Finally, I will conclude with the fiscal implications of successful value capture. Where relevant, I will indicate how Singapore’s policies align with George’s views.