25 Mar Singapore’s private-public housing mix could offer solutions for Toronto and Vancouver.
Original article via Globe and Mail. Click here to read.
Singapore operates a public-housing system exclusively for citizens and permanent residents and while New Zealand’s recent ban on foreigners buying existing homes has captured headlines, Singapore has been practising “locals only” for decades with great success and little fanfare.
Balancing this nativist policy, Singapore courts foreign capital for its private housing. Developers market expensive projects to both wealthy foreign and local buyers. For most citizens, a measure of their success in life is a move out from public into private housing.CLICK FOR THE FULL ARTICLE