The Novelleist • 532 implied HN points • 05 Mar 26
- The government owns most land and sells only time-limited leases, so homes lose value as leases run down and eventually revert to the state, making housing a place to live rather than a long-term investment.
- Control over leases and planned lease expirations lets the state auction land to developers, capture value through fees, and master-plan redevelopment on a 40–50 year horizon to increase density and modernize the city.
- Revenues from land leases and sovereign-wealth investments fund low taxes and broad social services—universal healthcare, subsidized education, CPF pensions, and near-universal affordable housing—helping deliver high living standards and strong economic performance.