Property
4 Ways Singapore Population Trends Can Impact Home Buyers
By Stacked Homes  •  July 17, 2021
Despite the current trend toward bigger homes, Singapore household sizes are shrinking. Chalk it up to smaller families, fewer Singaporeans having children, and an ageing population. This matters to property buyers, as homes are long-term investments; and it’s worth considering what the Singapore property market might be like, should we sell 15 or 20 years down the road. For what we right now, these are the key concerns: How is the population changing? The population census this month shows that, while the number of households rose from 1.15 million to 1.37 million, average household sizes have dropped from 3.5 to 3.2. Over 60 per cent of Singapore households now have three or fewer members; and over the past decade, the population of one and two-person households grew by 3.8 per cent. When we check SingStat, we see broadly similar data. Between 2010 and 2020, the number of Singaporeans living alone rose from 12.2 per cent to 16 per cent, while the number of lone parents rose from 6.5 per cent to 7.3 per cent....
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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