More households living in bigger homes

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Business Times - 16 Feb 2011

More households living in bigger homes


By UMA SHANKARI

THE proportion of resident households in Singapore living in condominiums and private flats climbed to 11 per cent in 2010 from 6.3 per cent in 2000, according to the Census of Population 2010.

The census also found that more households were living in bigger homes, reflecting the rising affluence of the population.

Just 25 per cent of resident households were living in HDB three-room or smaller flats in 2010, down from 31 per cent in 2000. HDB four-room flats remained the most common housing type for resident households in 2010 at 32 per cent.

The shift to bigger homes came on the back of growing household income. The median monthly household income from work rose from $3,640 in 2000 to $5,000 in 2010, representing an average annual growth rate of 3.2 per cent (or 1.6 per cent in real terms).

The proportion of households earning at least $6,000 increased from 27 per cent in 2000 to 43 per cent in 2010 and the proportion earning at least $15,000 more than doubled from 4.1 per cent in 2000 to 10 per cent in 2010.

The census also found that there was a fall in average household size and a rise in the proportion of households with elderly members aged 65 years and above.

The average household size declined from 3.7 people in 2000 to 3.5 people in 2010.

Households with three or fewer people constituted a growing share of resident households. The proportion of one-person households rose from 8.2 per cent in 2000 to 12 per cent in 2010, while the proportion of households with two or three people climbed from 36 per cent in 2000 to 39 per cent in 2010.

Households comprising married couples accounted for 70 per cent of resident households in 2010, a fall from 74 per cent in 2000.

And reflecting the ageing population, there were more resident households with elderly members aged 65 years and over.

In 2010, 24 per cent of resident households had at least one elderly member, up from 21 per cent in 2000. The proportion of resident households comprising only elderly members also rose from 2.7 per cent in 2000 to 4.6 per cent in 2010.

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
Reply
#2
The argument is flawed.
How is it possible that we are shifting to bigger houses when the
physical sizes of HDB flats are getting smaller?


Reply
#3
(17-02-2011, 12:29 AM)Big Toe Wrote: The argument is flawed.
How is it possible that we are shifting to bigger houses when the
physical sizes of HDB flats are getting smaller?
Can lah...
3 rm upgraded to 4 rm
4 rim upgraded to 5 rm
They are comparing between 2010 and 2000. I supposed in this era, most people will choose
4 rm or 5 rm as their home.
Besides, the gov did not built much 3rm or 2rm flats during this period. So, it is normal that the proportion of 3 rm flats dropped.


Reply
#4
Possible to pool resources to buy a landed if the siblings don't mind staying under one roof with their families and their parent.

Landed is the most suitable for multi-generation living. I don't recommend condo(even penthouse) or HDB.. these are suited for single family.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)