China to mimic Singapore housing model to end market slump

Beijing has in recent weeks named two “big projects” as the centre of its housing policy: building social housing and renovating run-down inner city districts. — AFP

CHINA plans to take a page from Singapore’s social housing model to help end a multi-year property slump that’s hammered the nation’s consumer confidence and weighed on economic growth.

Beijing has in recent weeks named two “big projects” as the centre of its housing policy: building social housing and renovating run-down inner city districts.