More Singaporeans now own their own homes, according to results of the latest General Household Survey released by the Department of Statistics (Singstat) on Wednesday (9 March).
In 2015, homeownership among resident households reached 90.8 percent, up from 87.2 percent in 2010. Chinese households recorded the highest rate of homeownership at 93.1 percent, followed by Malay (86.9 percent) and Indian (84.1 percent) households.
Around 80.1 percent of households in Singapore lived in HDB flats last year, down from 82.4 percent in 2010. Four-room flats remain the most common property type, with 32 percent of households residing in them, followed by five-room and executive flats (24.1 percent), and three-room flats (18.2 percent).
The proportion of households who live in condominiums and other apartments also rose to 13.9 percent last year from 11.5 percent in 2010, while the percentage of those who stay in landed properties dipped from 5.7 percent to 5.6 percent.
Meanwhile, there were more singles among younger age groups. Between 2010 and 2015, the proportion of singles among residents aged 25 to 29 increased from 54 percent to 63 percent for females, and from 74.6 percent to 80.2 percent for males. For those aged 30 and above, the figures remain unchanged.
There were also more households with elderly members. The proportion of households with at least one resident aged 65 and above rose from 24.1 percent in 2010 to 29.1 percent last year.
Meanwhile, Singapore’s resident population reached 3.9 million in June 2015, comprising 3.38 million citizens and 0.53 million permanent residents (PRs).
The survey was conducted from May to July 2015. Of the 33,000 housing units selected for the initial sample, 27,804 households responded, translating to an overall response rate of 87.4 percent.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email firstname.lastname@example.org