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Housing finance for the ageing Singapore population: the potential of creative housing finance schemes

Habitat International

Author: Addae-Dapaah, K., Leong, K. M.
Year: 1996
Type: Journal Article

Abstract:

Building on previous research that surveyed the current housing situation in Singapore & reviewed the Home Equity Conversion Scheme (HECS), creative housing finance schemes (CHFSs) are discussed in light of the socioeconomic & cultural parameters coexisting in Singapore. CHFSs seek to resolve the housing/finance predicament of the elderly who move or want to move into a new house, whereas the HECS attempts to solve the problems for the elderly who stay put. It is argued that saleability of the elderly's homes is the main impediment to the successful implementation of HECS & CHFS, & the problem could be resolved through government intervention.


Further Details

Pages 625-634
Volume 20
Issue 4
Accession Number 28.2.03
Research Notes Electronic copy added 19/08/2013
Keywords Asiaolderhousing improvement

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