Influences
- In China, the Cultural Revolution is launched.
- The Vietnam War Begins
- Korea and Japan suffer from underinvestment in housing
1960s
Influences | Policies and Programs | Institutional Roles | Methods, Tools, and Practices | Lessons and Outcomes
Summary
Social Planning
Housing is broadly viewed as a social good, and in an era of central planning many countries construct public housing on a large scale. In Japan and elsewhere private sector financial institutions become more active and sophisticated.
Global Context
Government As Planner
Rural poverty and urban squalor gives rise to the “Development Decade”, and Five-Year plans, but benefits do not trickle down to the poor. Master plans, slum clearance, urban renewal and public housing are the response to urbanization, but informal settlements continue to grow.
Policies and Programs
- Taiwan pursues non-interventionist housing policies based on income equality and balance growth
- Singapore encourages home ownership
- Hong Kong & Singapore construct public housing to meet urgent housing needs
Institutional Roles
- Korea begins to shift emphasis to housing, establishing the National Housing Corporation in 1962 and the Housing Bank in 1968
- In Japan, private sector institutions provide the majority of housing finance
- Asian Development Bank is established in 1966 to help create a region free of poverty