29 May '16, 10am

How is the government stepping in to provide affordable housing

How is the government stepping in to provide affordable housing

One of the foremost challenges facing humanity is affordable housing, especially for the urban poor. For the urban poor in developing countries, living in slums or informal settlements has become the norm, with an estimated one billion people living in slums. With this number only set to grow, the lack of affordable housing has become a leading cause of concern. In Asia alone, 30 per cent of the urban population live in slums. The recently agreed set of Global Goals - the Sustainable Development Goals - is therefore apposite in anchoring development challenges as universal, affecting the poor in rich as well as in developing countries. How to achieve these Global Goals remains an open question for many countries. As market-driven approaches cannot solve social justice problems, it is key to identify mechanisms for the state to ensure housing affordability in urban areas. L...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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