As much as we aspire to live a debt-free life, some financial obligations are necessary, such as a housing loan. Every Singaporean determined to live in the property of their dreams will have to figure out their way around this. Otherwise, how else can we afford a unit that costs hundred...
Consequently, ‘innovative’ products were designed to widen access to the debt financing of housing purchase (Wood, Citation2018). In Japan, the Government Housing Loan Corporation (GHLC), a state agency established in 1951, provided low-interest mortgages to finance homeownership. Within the ...