“This is a country that faces massive immigration, huge economic pressure as a financial centre, a very prosperous country, and they’re still able to ensure significant availability of affordable housing for Singaporean citizens.”
“It explains why these gateway cities have seen dramatic increases in residential real estate prices since the 1980s and describes how the globalization of real estate has rapidly inflated demand and uncoupled local housing prices from local wages, causing acute problems of affordability, availability, and inequality.Article content
Ley outlined some of the main points in the book in an interview with Douglas Todd of The Vancouver Sun awhile back. “It’s plan from the beginning was that everyone who is a would be a homeowner, buying housing from the government, which is the principal landowner, or from a much smaller private sector.”
The premier noted that Singapore has previously influenced policy-making here in B.C., having been one of the inspirations for the foreign-buyers tax under the previous B.C. Liberal government.