4 ms·

These were just 191 units, of which 135 were foreign workers who would have little sway anyway. If 80% of all land in SG is already held in lease from the gover

These were just 191 units, of which 135 were foreign workers who would have little sway anyway. If 80% of all land in SG is already held in lease from the government (and perhaps 80% of housing stock) in the ~ 60 years SG has been a nation state, more and more leases will come due very close to each in the future with greater and greater potential for a gap between housing supply and demand. This even assumes people will simply accept it. Sure, perhaps this might even work in the very specific context of Singapore, but I don't think this could work in the same way in the West.

refurb 5y ago
The point is the 60-year lease went as the government promised. Residents leave, the land is cleared. Why do you assume the government can’t plan out new property to replace the old? There is no reason why they have to wait until the last day of the 99-year lease. There has already been talk of redevelopment of land prior to that. The point is the government has made it clear - there will be no widespread lease extensions nor en bloc development. Most will simply expire.
- valarauko 5y ago
  > Why do you assume the government can’t plan out new property to replace the old? I'm not - but this was 191 units. What happens when 20,000 units expire in a single year? You have a lot more confidence in government than I do. Besides, your top level comment was about how western countries could resolve their housing crisis with the SG model. My contention is that the SG model as it exists could only work in SG - if it does at all - which still remains to be proven in the coming decades.