Value capture and affordable housing: Insights from Singapore

• Main Author: PHANG, Sock Yong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: Asian Studies; Public Economics; Real Estate
• 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
• Institution: Singapore Management University

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.