Analyzing the Differences of Government Intervention Policies for the Public Housing Systems of Hong Kong and Singapore

Abstract

Government intervention has different effects on different economies. This paper will introduce the background and development process of government intervention in housing policies in Hong Kong and Singapore. Since the public housing policies in both places are implemented with government intervention, this study mainly analyzes the differences in the development of public housing systems and the role of government intervention in them from the perspective of social development. The conclusion of this paper makes it clear that the market intervention led by the government of Singapore makes the establishment and implementation of the public housing system in Singapore more seamless than that in Hong Kong, but this does not mean that Hong Kong should adopt the implementation strategy of Singapore, and the housing system should be viewed from the broad social development background. The Hong Kong government "positive non-intervention" created by the development of market economy. Which is unable to support the implementation of a public housing program with the same level of coverage as Singapore, resulting in different government interventions and vastly different housing policies.