Abstract
The Communist Party of China Central Committee Political Bureau emphasized in 2017 the importance of establishing a long-term mechanism for healthy development of real estate. So vigorously developing the housing finance system is of great significance. The aim of this paper is to intoduce the house provident system in Singapore and learn from the Singapore experience to perfect the Chinese system. The paper covers such issues as: the framework of the Singapore Central Provident Fund system (including acoount, deposite, management and so on), the use of Central Provident Fund in housing and the summary of Singapore experience. Then the paper discusses and analyzes the housing provident system by comparing Singapore and China. The analysis shows that: There is an unfair phenomenon in Chinese Housing Provident Fund. The system should be reformed by establishing a semi-official financial institution independent of the government for HPF decision-making, management and operation. The capital growth of Chinese HPF and the function in house leasing should be improved.
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