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|Title:||Executive condominiums in Singapore: A new housing concept|
|Authors:||Lee, S.L. |
|Citation:||Lee, S.L.,Boon, Y.L. (1997). Executive condominiums in Singapore: A new housing concept. International Journal for Housing Science and Its Applications 21 (1) : 045-056. ScholarBank@NUS Repository.|
|Abstract:||The executive condominium is the newest form of housing introduced by the Singapore Government to meet the growing demand for better quality housing. It is possibly the first of its kind in the world. The scheme provides a quasi private form of housing that is similar in design and quality to mid-range private condominiums. Initially the housing units are subjected to the same ownership and resale restrictions as other public housing but will be privatized after 10 years. This paper examines the rationale and concept behind the scheme, the operation of the scheme and possible impact on the housing market. The new housing concept will make private properties more affordable to Singaporeans and at the same time provide the government with a tool for stabilizing the housing market.|
|Source Title:||International Journal for Housing Science and Its Applications|
|Appears in Collections:||Staff Publications|
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