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Timely for Singapore to explore new ways of investing in citizens

Helping Singaporeans build wealth remains key to building a fair and inclusive society. The challenge is in determining how best to do so.

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Singapore has been the social investment state, with social policy geared towards building up citizens’ human capital, savings and assets.

Singapore has been a social investment state, with social policy geared towards building up citizens’ human capital, savings and assets.

ST PHOTO: GIN TAY

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“We want not only to help people to tide through difficulty, but also to boost their sense of drive and purpose, and strengthen their sense of agency and ownership over their own circumstances.”

Speaking at the debate on the President’s Address on Monday, Deputy Prime Minister Lawrence Wong highlighted Singapore’s

focus on social empowerment

. He also touched on how home ownership remained a key plank of this approach where lower-income families receive support to purchase Housing and Development Board (HDB) flats through programmes like the Fresh Start Housing Scheme.

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