Singapore's official media, "Lianhe Zaobao", reported on the front page that Singapore government agencies are accelerating the development of "HDB flats" and regard it as the top priority issue in social development.

Experts analyze that the Singapore government's emphasis on HDB flat development is mainly based on the following core reasons:

1. Alleviate housing pressure

Singapore has scarce land resources and a high population density. In the early 1960s, the government solved the housing needs of the people through the HDB flat policy, effectively alleviating the "housing shortage" problem.

2. Enhance social stability

The HDB flat policy ensures a home ownership rate of 89.3% (data from 2022) through government-led, fair distribution, and subsidy support, significantly reducing social conflicts and enhancing national cohesion.

3. Promote economic sustainable development

HDB flats, as the main supplier in the real estate market, have small price fluctuations and serve as a market stabilizer. At the same time, the HDB flat policy combined with the Central Provident Fund system not only guarantees people's livelihood but also promotes consumption circulation.

4. Shape national identity

HDB flat communities have become carriers of citizens' shared memories, strengthening the sense of national identity among Singaporeans.

Original article: www.toutiao.com/article/1841382210462732/

Statement: This article represents the views of the author himself.