China's real estate system is pretty bad and drowns its citizens in debt.
The Singapore real estate model is probably the best
Lower to middle class locals can have HDBs subsidized by the government. Wealthier Singaporeans can either still live in HDBs or buy more expensive private condominiums. The wealthy can have even have landed (house and lot) properties. The HDBs are a 99 year lease
Foreigners can only buy private condominiums, preventing outside forces from increasing the prices of HDBs meant for locals. They cant buy landed property either.
A local can only have one HDB unit, preventing citizens from hoarding HDBs. A single person can only buy an HDB at the age of 35.
Its a very good model, but it cannot be replicated here or in any other large middle to low income country
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August 30th, 2022 08:07 PM #10Last edited by viper888; August 30th, 2022 at 08:09 PM.
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