Currently, the number of homeless households is 44.1%, and the ratio of homeowners under 30s is very low, and the price gap between the houses owned by income is deepened, and housing stability of the low-income class is weakened. The main reason for this polarization of housing can be attributed to the craze of short-term speculation about housing and the increase in housing prices due to the increase in home ownership of multi-homeowners. In order to overcome this problem, it is necessary to change the policy of public rental housing, which can reinforce public property rather than market property.
Singapore has a stable supply of housing because the Housing and Development Board(HDB) and the Central Provident Fund(CPF) work together to provide equitable housing and financial support for housing without high incomes.
Singapore s public housing policy did not come overnight, but it was the result of 54 years of independence since independence in 1965. Our public rental housing policy should be able to overcome the current polarization of housing if it is prepared with such a strong commitment. In this respect, our public rental housing policy needs to be divided into short-term and long-term measures. In the short term, various public lease housing provided to low-income households is converted into permanent lease housing to secure housing stability. It is necessary to provide low-rate financial support in conjunction with the National Pension Service.