Singapore is famous for its vast land area. Singapore is one those cities which is fully settled and developed in many ways. It’s a densely populated country in the world. As pressure for economic increases, optimization of land use becomes more decisive.
Singapore land is surrounded with High density populated apartments, known as housing states along with their related facilities. They have housing and development board built for middle classes income group.
Their apartments are built according to the distribution of income. Every class group has their own structure to live and boast their living style. Their government houses also which is both like nation and economic building because individual ownership, which will pay for the program while giving citizens a stake in Singapore. The board also provides different schemes and also encourages the technological construction.
As its one of the industrialized country, housing construction proves to be an important economic pump primer. Home owners were encouraged to their central provident fund savings to pay for the apartments. The cost entirely depend on the determining the selling prices of the apartments included location, construction cost, ability of applicants to pay the required amount in cash or credit, and the practical limits and boundaries of the government.
There are various policies like resettlement, minimal readjustments and real improvement in housing conditions. In social terms attention was given in improving community living, integrating the population, preserving.
All the selling prices, rent prices were determined by the government. All were nominal enough and can be paid by people easily or in installments.
The government also receives annual subsidies of the fixed percentage they maintained at that time for the various houses accordingly.
Later there was Urban authority renewal department was made which was responsible for slum clearance and comprehensive development. They are very much considered as God fathers for slums, they are people who have to play major role in their improvement. The latter key instrument was government’s comprehensive redevelopment plans, which represented the partnership between the public and the private sector. The public sector provides with partnerise knowledge and also provided with infrastructural services: the private sector contributed a heavy financial resources and entrepreneurship to facilitate the completion of the various projects.
At modern time some land was converted into projects for residential offices, hotels, motels, entertainment city, and various industries developments.
Nonetheless, Singapore is still a very well settled city and a very famous city among tourists.
