Friday, October 24, 2008

Singapore: A city without slums

'There is about 5 to 6 per cent slums in more developed countries so to have zero incidence is an achievement worth celebrating,' said Professor Banji Oyeyinka, director of the monitoring and research division.

Well, I am proud of it. There are two primary reasons for this. One, anyone can buy a house, or rent one, and 90% of Singaporeans live in state built properties. The low interest loan (2.6%) comes from the government. Two, bankruptcy act forbids anyone to take away the house.

I am pretty proud of this.

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