What is the housing security system in Singapore?
(A) the housing provident fund system
Provident fund is the source of funds for the construction of public housing, which enables the government to build public housing in a rolling way, and at the same time helps low-and middle-income people pay down payment and installment payment when buying a house. This way of compulsory savings ensures the rolling use of public housing construction funds. As a form of social security savings, the provident fund system is a compulsory savings system established by the Singapore government in 1955. Employers and employees of state organs or private institutions need to deposit a certain percentage of employees' monthly salary into the personal account of the Central Provident Fund Bureau, and the government has made full use of this system when building and selling "apartments".
(b) government "flat" buildings
The Singapore government has played a leading role in housing security. Every five years, it makes a housing construction plan, and the newly built houses are called "apartments". In order to ensure the smooth implementation of the plan, the government not only specially allocated state-owned land and appropriated private land for the Housing Development Bureau to build houses, but also provided low-interest loans to the Housing Development Bureau for financial support. At present, more than 90% of housing in Singapore is funded by the government, and "HDB" provides housing security for all citizens.
(C) the reasonable placement of "Ping"
People who buy or rent "apartments" in Singapore initially get housing in the order of registration. Later, it was changed to a subscription system. The government publishes the construction plan once every quarter, and people who order and apply for houses draw lots. After winning the lottery, they signed a house purchase contract and paid the down payment after the house purchase was reviewed. Usually you can live in a new house in about two years. This approach has narrowed the gap between supply and demand in different regions and different types of housing. In addition, the Singapore government has also formulated a strict application and review system to effectively prevent the use of "unit ownership" for speculative activities.
(D) Graded subsidy policy
The Singapore government determines the level of housing security strictly according to family income, and provides graded housing subsidies to low-and middle-income people in various forms to help them buy houses. The government has formulated different degrees of preferential policies for families who buy different housing areas. For families who can't afford to buy a house, the government allows them to rent an "apartment" and then gives them a discount when they can afford to buy a house. The Singapore government also stipulates that when housing is renovated, the allowance is inversely proportional to the size of the living area, so as to alleviate the social housing pressure and advocate economy.
Second, Singapore's housing security system experience.
1. Strengthen the macro-control function of the government and improve the housing security system with the government as the main body. The success of HDB policy in Singapore lies in the government's leading, intervention and intervention, firmly grasping the initiative of the real estate market, fully mobilizing various resources, and effectively solving the housing problem of low-and middle-income citizens through reasonable organization. The enlightenment it brings is that the government, as the macro-controller of a country's economy, has the responsibility to promote the all-round development of society and ensure the realization of all citizens' basic rights. Establishing and perfecting the housing security system is an important embodiment of the government's social management and public service. Therefore, the government should become the main body of housing security system construction.
Housing is a special commodity with great value, and many families, especially low-income families, cannot solve their own housing problems only through the market. Therefore, a comprehensive solution to the housing problem cannot rely entirely on the market. The government should intervene, give full play to the government's macro-control function, intervene in the housing market as a management supervisor and direct participant, control the over-exploitation of land, curb the excessive growth of commodity prices, and make up for market failure through government regulation.
2. Further improve the housing provident fund system and effectively improve the effectiveness of housing provident fund. Singapore's central provident fund system has played an important role in solving the national housing problem and realizing "home ownership". This mode of capital operation provides us with valuable ideas. It is necessary to further expand the social coverage of housing provident fund so that it can really benefit low-income people; It is necessary to strengthen the compulsory savings system of provident fund, moderately increase the proportion of provident fund deposit, expand the total accumulation of provident fund, solve the fund bottleneck problem of public housing construction, and let the government use these funds to build affordable housing and low-rent housing; At the same time, actively develop housing savings and policy housing mortgage loans, improve the loan guarantee mechanism, lower the threshold for low-and middle-income residents to apply for loans, and improve their ability to buy houses.
Legal basis:
In order to ensure the smooth implementation of various measures of the housing security system, the Singapore government has formulated detailed and comprehensive laws and regulations, such as the Singapore Reconstruction Law and the Housing and Development Law.
The above is the housing security system in Singapore that I introduced to you. Singapore's system of providing housing security for retirees and the elderly has been used for reference by countries all over the world and is recognized as an excellent welfare system.