Singapore's 2012 population expectation for 2013 was 5.3 million. We reached 5.4 in June 2013.
Target population by 2030 is 6.5 - 6.9 million. My suspect is 8 million.
Which raises the constant question if there will be enough homes to supply in the near future and if home prices will continue its upward trend.
Today, there are about 1.2 million housing units, of which 0.9 million are HDB flats. To support the projected 2030 population range, we will set aside enough land to develop up to 1.9 million homes, an increase of 700,000 housing units from today. Of these units, 90,000 private housing units (including Executive Condominiums) and 110,000 public housing units will be completed by 2016.
Government's Master Plan to provide quality homes in the future.
Released on Straits Times 07 October
Here are the highlights of the LTA's 2013 Master Plan:
Thumbs Up to providing more bicycle tracks!