Growing number of single, older yet more affluent people stirring debate about ideal home size

Future development will have to include a larger number of apartments that are smaller in size, Savills said. But not everyone agrees. ST PHOTO: GAVIN FOO
New: Gift this subscriber-only story to your friends and family

SINGAPORE – Property consultancy Savills suggested on Friday that developers in Singapore will need to consider building smaller homes to cater to the needs of an ageing yet affluent population, where an increasing number will be single. But not everyone agrees.

The Savills Prime of Life Residential Index ranked Singapore third after North Port in Florida, United States, and Shanghai in China in terms of places expected to see more people aged 50 and above in the next 10 years.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.