Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222397
Title: A STUDY OF THE PUBLIC RENTAL SCHEME IN SINGAPORE AND ITS RELATIONSHIP TO WEALTH INEQUALITY
Authors: WONG JIALE JEREMY
Keywords: Real Estate
Rental Housing
Wealth Inequality
Singapore
RE
Malone Lee Lai Choo
2017/2018 RE
Issue Date: 8-May-2018
Citation: WONG JIALE JEREMY (2018-05-08). A STUDY OF THE PUBLIC RENTAL SCHEME IN SINGAPORE AND ITS RELATIONSHIP TO WEALTH INEQUALITY. ScholarBank@NUS Repository.
Abstract: Growing inequality in Singapore is a distortion to Singapore’s key principle of meritocracy. A large majority of Singaporeans own their homes and enjoy some form of asset appreciation from it. However, for the small minority of low-income Singaporean households who are financially unable to afford a home, they have no choice but to turn to the rental market to fulfil their housing needs. Public rental housing in Singapore is heavily stigmatised due to the government’s long-standing bias towards homeownership and its anti-welfare policies. Together with a survey, case studies were done on households currently living in a public rental flat in Singapore to better understand some of the problems that these households were facing. The data collected was used to determine several factors which were preventing renters from achieving homeownership and to assess the implications of residency in a public rental flat with regards to wealth inequality. It was found that the Housing Development Board’s Public Rental Scheme may actually be a hindrance for low income households to achieve homeownership. This was because many renters found homeownership to be financially unrealistic, with the next best alternative of renting on the private market undesirable when compared to renting a HDB flat from the HDB at a heavily subsidized rate. Further recommendations were then made on how rental housing could be normalized in Singapore to help prevent further perpetuation of wealth inequality in Singapore.
URI: https://scholarbank.nus.edu.sg/handle/10635/222397
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Wong Jiale Jeremy 2017-2018.pdf1.43 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

83
checked on Feb 2, 2023

Download(s)

9
checked on Feb 2, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.