1,800 Homeowners. Built by Government.
Singapore has the highest homeownership rate in the world — 90%. In a crowd of 2,000 Singaporeans, 1,800 own their home. The United States achieves 66% through the free market. Taiwan achieves 84% through culture and inheritance. Singapore achieves 90% through a government program that builds, prices, and sells housing to its citizens. Three countries, three philosophies, one number that means completely different things in each place.
Did you know
Singapore has one of the world's highest homeownership rates at over 90% — but the secret is the HDB, the government agency that built and sold subsidized flats to the majority of the population. In a crowd of 2,000 Singaporeans, roughly 1,800 own their home. The catch: they're buying 99-year leases, not freehold land. Ownership is temporary by design.
See also: Going Home AloneSources
3 sources
- OfficialSingapore Department of Statistics2023
- OfficialHousing & Development Board2023
- AggregatorStatista2023