Analysis of the Role of Different Housing Policies in Urban Sustainable Development: A Case Study of Singapore and Hong Kong

Abstract

Housing policies are pivotal to urban sustainable development. This paper takes Singapore and Hong Kong as case studies, employing literature analysis, case study, and comparative analysis to explore the impacts of distinct housing policies on urban sustainability. The research finds significant disparities between Singapore and Hong Kong in housing affordability, social segregation, and environmental impact. Singapore has effectively addressed the housing needs of the majority of its residents through a government-led public housing policy, establishing itself as a global benchmark for housing governance. In contrast, Hong Kong, constrained by limited land resources and a market-driven housing model, grapples with challenges of soaring housing prices and low affordability. Through in-depth analysis of the housing policies of Singapore and Hong Kong, this paper aims to provide cross-regional experiential references for the sustainable development of high-density cities and provides useful references for other cities in formulating and implementing housing policies. This research bears significant theoretical and practical implications.