The Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing

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Beng Huat Chua

The Public Subsidy, Private Accumulation

The Political Economy of Singapore's Public Housing

Beng Huat Chua

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English

NUS Press
31 March 2024

Political economy; Offences against the government; Housing law

Examines the ways Singapore’s impressive public housing program is central to the political legitimacy of the city-state’s single-party regime, and the growing contradictions of its success.

The achievement of Singapore’s national public housing program is impressive by any standard. Within a year of its first election victory in 1959, the People's Action Party began to deliver on its promises. By the 1980s, 85% of the population had been rehoused in modern flats. Now, decades later, the provision of public housing shapes Singapore's environment. The standard accounts of this remarkable transformation leave many questions unanswered, from the historical to urgent matters of current policy. Why was housing such a priority in the 1960s? How did the provision of social welfare via public housing shape Singapore's industrialization and development over the last 50 years? Looking forward, can the HDB continue to be both a source of affordable housing for young families and a mechanism for retirement savings? What will happen when 99-year leases expire?

Public Subsidy, Private Accumulation is a culmination of Chua Beng Huat's study of Singapore's public housing system, its dynamics, and the ways it functions in Singapore's politics. The book will be of interest to citizens and to scholars of the political economy of Asian development, social welfare provision, and Singapore.

By: Beng Huat Chua
Imprint: NUS Press
Country of Publication: Singapore
Dimensions: Height: 229mm, Width: 152mm,
Weight: 272g
ISBN: 9789813252516
ISBN 10: 9813252510
Pages: 160
Publication Date: 31 March 2024
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Chua Beng Huat is emeritus professor in the Department of Sociology at the National University of Singapore.

Reviews for The Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing

"""Chua's erudite book examines the centrality of housing and property wealth in the rise of Singapore, but also the long-run social, economic, and political implications, with the continued viability and legitimacy of the State dependent upon the successes of the housing system."" –Richard Ronald, University of Amsterdam"