The Relationship Between Homeownership and Well-Being — Based on the Case of Singapore Public Housing

Abstract

This essay explores the relationship between homeownership and human well-being after surveying the public homeownership policy in Singapore’s development in the last 35 years. Drawing primarily on existing papers in the fields of well-being and housing, it outlines the social impact of house ownership on both physical and mental health. Besides, selected elements like economy, society, ethnicity and employment are also considered to emphasize the associations with well-being. While relations are generally complicated, acceptable evidence exists to admit homeownership plays an important role in human well-being. Conclusions are drawn on the personal and theoretical aspects, highlighting the significance of cross-disciplinary collaboration in urban strategy. Further research is recommended to analyze how the homeownership improves the human condition, which could offer useful experiences to other countries.