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High-Rise Public Housing & Fountain 1 Cent Singapore Authentic Coin Money for Jewelry and Craft Making (Condominium)

High-Rise Public Housing & Fountain 1 Cent Singapore Authentic Coin Money for Jewelry and Craft Making (Condominium)

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High-Rise Public Housing & Fountain 1 Cent Singapore Authentic Coin Money for Jewelry and Craft Making (Condominium)

Reverse: Fountain in front of high-rise flat block to signify the concept of Condominium or Community Living i.e. Public housing.

Obverse: Denomination flanked by two stalks of rice.
Lettering: SINGAPORE

Issuer Singapore
Period Republic (1967-date)
Type Standard circulation coin
Years 1976-1985
Value 1 Cent
0.01 SGD = USD 0.0074
Currency Dollar (1967-date)
Composition Copper clad steel
Weight 1.744 g
Diameter 17.78 mm
Thickness 1.118 mm
Shape Round
Orientation Medal alignment ↑↑
Number N# 16492
References KM# 1a, Schön# 1a

Public housing in Singapore is subsidised, built and managed by the Government of Singapore. Starting in the 1930s, the country's first public housing was built by the Singapore Improvement Trust (SIT) in a similar fashion to contemporaneous British public housing projects, and housing for the resettlement of squatters was built from the late 1950s. In the 1960s, under the SIT's successor the Housing and Development Board (HDB), public housing consisting of small units with basic amenities was constructed as quickly and cheaply as possible at high densities, and was used for resettlement schemes. From the late 1960s, housing programmes focused more on quality, public housing was built in new towns, and a scheme allowing residents to own their flats was introduced. Throughout the 1970s and 1980s, more public housing options were provided for the middle class and efforts to increase community cohesion within housing estates were made. From the 1990s, the government began portraying public housing as an asset, introducing large-scale upgrading schemes and loosening regulations on the resale of public housing while additional housing programmes for the sandwich classes and elderly residents were introduced. Rising housing prices led to public housing being seen as an investment from the 2000s, and new technologies and eco-friendly features were incorporated into housing estates.

In the early 2020s, Singapore's public housing is located in new towns, in communities that are intended to be self-contained, with services nearby housing blocks, and is either owned by or rented to residents. Owner-occupied public housing is sold on a 99-year lease and can be sold on the private resale market under certain restrictions. Rental housing consists of smaller units and is mainly meant for lower-income households. Housing grants are provided to lower-income applicants for flat purchases while flats with shorter leases and lease monetisation schemes have been implemented for elderly homeowners. Housing estates are managed and maintained by Town Councils, and older housing estates are improved by the Housing and Development Board under the Estate Renewal Strategy.

As of 2020, 78.7% of Singapore residents live in public housing, decreasing from a high of 88.0% in 2000.

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