Are million dollar HDB flats a phenomenon or just the realisation of an underlying issue? In this episode, we sit down with renowned sociologist Chua Beng Huat Emeritus Professor, NUS and Visiting Fellow, SMU, to understand the factors that have led to this situation.
Professor Chua provides insights into the origins of Singapore's public housing policy and how HDB flats have transitioned from being a social welfare good to an instrument for private wealth accumulation. He explains how this unintentionally contributes to income inequality in Singapore.
As the discussion delves deeper, Professor Chua shares his perspective on whether the government is still in control of the housing market and if selling your million dollar flat is a smart move.
Don't miss this fascinating conversation that sheds light on the complexities surrounding the future of affordable public housing in Singapore. Tune in to get Prof Chua's analysis and hear more about the larger moral and political implications at play.
Professor Chua's provocative analysis of how Singapore's public housing policy in his book "Public Subsidy, Private Accumulation: The Political Economy of Singapore's Public Housing" is a must-read for those seeking a deeper understanding of the unintended consequences of well-intentioned social programs.
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