In the past few decades, governments in many Asian countries have actively promoted
homeownership through various means:subdividing new land, extending infrastructure
and transport grids into new areas, making housing finance easier to access and more
affordable to more people and smoothing the way for private-sector housing developers.
Expanding a city’s stock of owned houses and apartments creates employment, stimulates
local economies and is seen as contributing to social and political stability. In most places, homeownership has come to be seen as the most secure and most desired housing option,and therefore ideal for Asia’s urban citizens. When people own their home, it is a source of pride, happiness and stability