Purves, A;
(2023)
Singapore's Imminent Expiration of Land Leases: From Growth and Equality to Discontent and Inequality?
Tijdschrift voor Economische en Sociale Geografie (Journal of Economic and Human Geography)
10.1111/tesg.12547.
(In press).
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Abstract
Haila described Singapore as a laboratory for a social scientist given the multiple ways land is used, managed or treated as a source of public revenue. Phang explains how housing has given the bottom 50 per cent of households, wealth equating to the level advocated in Piketty's ‘ideal society’. As fixed-term leases expire, people who own apartments on public land will see their values fall to zero. Inequality will return, challenging the otherwise stable polity. Using both qualitative and quantitative methods, this paper explores how and why this unique land regime was created, and expose how theoretically inconsistent policies and their ad hoc, pragmatic application has created several rent leakages to a minority of the population who continue to hold freehold land. It offers some alternative strategies better informed by land rent theory, that might be adopted to preserve the benefits enjoyed for now.
| Type: | Article |
|---|---|
| Title: | Singapore's Imminent Expiration of Land Leases: From Growth and Equality to Discontent and Inequality? |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1111/tesg.12547 |
| Publisher version: | https://doi.org/10.1111/tesg.12547 |
| Language: | English |
| Additional information: | © 2023 The Author. Tijdschrift voor Economische en Sociale Geografie published by John Wiley & Sons Ltd on behalf of Royal Dutch Geographical Society / Koninklijk Nederlands Aardrijkskundig Genootschap. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License (https://creativecommons.org/licenses/by-nc-nd/3.0/), which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. |
| Keywords: | land rent theory, Singapore, inequality, lease expiry, housing tenure |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10166910 |
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