1947 The British Housing Authority reported that 72% of Singapore's total population of 938,000 live within 80 square kilometers of the city center. 1959 When Singapore achieved autonomy, only 9% of Singaporeans lived in public housing. Today, 80% of Singaporeans live in government-built apartments. The Housing and Development Committee (HDB) has about 1 10,000 apartments.

There are several reasons for the success of the real estate industry in Singapore.

First, the residential areas in Singapore are carefully designed and adopt mixed-income housing. Every apartment can enjoy high-quality public transportation and education. It also has a famous hawker center in Singapore, where all income classes and races can meet, socialize, entertain and dine, and enjoy delicious and affordable food. It strengthens the communication between classes and greatly reduces the difficulty of policy implementation.

Second, the construction is reasonable. From the very beginning, planners in Singapore were limited by land and chose more rational construction. Therefore, it is one of the most densely populated cities in the world. However, it has always been among the best in the ranking of urban livability. The building is also interspersed with high-quality green open space. From the beginning, Prime Minister Lee Kuan Yew highly emphasized that Singapore is a garden city.

Third, Singapore has efficient management and efficiency. From 65438 to 0967 in Singapore, the land expropriation law authorized the state to buy land at low prices for public use. Today, the country owns 90% of the land, while in 1965, it was only 49%. Singapore attaches importance to the standardization and high efficiency of construction management. For example, the merit award is awarded to the contractor with good performance-every time the contractor wins a merit award, he will enjoy 0.5% bidding preference in bid evaluation.