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Property ownership is Singapore’s answer to wealth inequality. Some refinements are now needed
Housing must remain a ladder up and a safety net in old age.
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If public housing is a ladder for upward mobility, it must also serve as a cushion against downward mobility in old age, says the writer.
ST PHOTO: KUA CHEE SIONG
Sing Tien Foo
Singapore’s social compact rests on an unusual premise: housing is not just shelter, but also a key engine of wealth accumulation and social security.
For more than a decade, economic policy has focused on inclusive growth – raising incomes across the board, with active intervention where necessary.
