{"id":58247,"date":"2022-08-22T16:43:44","date_gmt":"2022-08-22T08:43:44","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=58247"},"modified":"2022-10-14T17:23:52","modified_gmt":"2022-10-14T09:23:52","slug":"pm-lee-says-dont-worry-about-home-prices-or-availability-we-just-need-more-babies","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/pm-lee-says-dont-worry-about-home-prices-or-availability-we-just-need-more-babies\/","title":{"rendered":"PM Lee says don&#8217;t worry about home prices or availability, we just need more babies"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>During August 2022&#8217;s National Day Rally speech, Prime Minister Lee Hsien Loong said that Singaporeans sometimes worry that we will run out of space in the future &#8211; that housing will not be available or affordable.<\/p>\n<p>His response? &#8220;No need to worry.&#8221;<\/p>\n<p>This is because the government has done its studies and planning, and will have enough space for future generations.<\/p>\n<p>His reasoning is that our problem isn&#8217;t about finding space to build enough flats or keeping the flats affordable for Singaporeans.<\/p>\n<p>&#8220;Our problem is having enough babies to grow up and live in them!&#8221;<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/WtJShY8rR_o?start=4201\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>What Lee is doing is painting a future where we could have all the housing we need, but no future generations around to want or live in them.<\/p>\n<p>As current Singapore residents age, retire and leave behind their flats when they pass, there needs to be a replacement population willing to take them over or create sufficient demand to want a home.<\/p>\n<p>In short, he wishes more Singapore residents could make more babies, while the country continues to attract more foreign talent to shore up our population, workforce, occupancies and economies.<\/p>\n<h2>A shrinking population faced with changing demographics<\/h2>\n<p>Worryingly, Singapore&#8217;s <a href=\"https:\/\/www.population.gov.sg\/our-population\/population-trends\/overview\" target=\"_blank\" rel=\"noopener\">total population<\/a> shrunk from 5.7 million in June 2019 to 5.45 million in June 2021. While Singapore citizens form 3.5m (64%) of the total, it shrunk by 0.7% between June 2020 and 2021.<\/p>\n<p>Similarly, Permanent Residents (PRs) form 0.49m (9%) of our population but have shrunk 6.2% over the same period. A bulk of this decrease was due to more citizens and PRs remaining overseas due to COVID-19 travel restrictions. Until we see 2022&#8217;s census, we can&#8217;t tell if most of them returned.<\/p>\n<p>Even non-residents, which form 1.47m of our population (27%), decreased 10.7% due to travel restrictions, foreign employment policies and uncertain economic conditions. Will they come back (or be able to come back) after border reopenings and looser restrictions?<\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/diagram-1-total-population-june-2021-e1661152648983.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-58249 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/diagram-1-total-population-june-2021-e1661152648983.jpg\" alt=\"Diagram Singapore population June 2021\" width=\"805\" height=\"630\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/diagram-1-total-population-june-2021-e1661152648983.jpg 805w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/diagram-1-total-population-june-2021-e1661152648983-150x117.jpg 150w\" sizes=\"(max-width: 805px) 100vw, 805px\" \/><\/a><\/p>\n<p>Image source: Department of Statistics, Ministry of Manpower<\/p>\n<p>If we look at the Singapore citizen population trends by age group, based on prevailing demographic assumptions, all major age groups are projected to decline by 2030 <strong>except those aged 65 and above<\/strong>.<\/p>\n<figure id=\"attachment_58253\" aria-describedby=\"caption-attachment-58253\" style=\"width: 1120px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-3-citizen-pop-age-groups-june-2021-e1661154332752.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-58253 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-3-citizen-pop-age-groups-june-2021-e1661154332752.jpg\" alt=\"Citizen population by broad age groups\" width=\"1120\" height=\"541\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-3-citizen-pop-age-groups-june-2021-e1661154332752.jpg 1120w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-3-citizen-pop-age-groups-june-2021-e1661154332752-150x72.jpg 150w\" sizes=\"(max-width: 1120px) 100vw, 1120px\" \/><\/a><figcaption id=\"caption-attachment-58253\" class=\"wp-caption-text\">Source: Department of Statistics<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>This means that there&#8217;s the assumption that if this trend continues, we could end up looking like Japan. The country has seen its population decline from 127 million in 2014 to 125 million in 2020. At its current rate, this could shrink to 107m by 2040 and 97m in 2050 (with <a href=\"http:\/\/www.ilcjapan.org\/agingE\/\" target=\"_blank\" rel=\"noopener\">33% of its population<\/a> being 65 years old and older).<\/p>\n<p>Based on our Department of Statistics projections and trajectory, depending on whether those same assumptions change, Singapore&#8217;s 65 and above age group could even possibly hit 33% of the population even earlier than Japan.<\/p>\n<p>On the other extreme, citizen marriages are also declining, with 12.3% fewer marriages in 2020 (19,430) compared to 2019 (22,165).<\/p>\n<figure id=\"attachment_58254\" aria-describedby=\"caption-attachment-58254\" style=\"width: 1073px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-4-citizen-marriages-2010-2020.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-58254\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-4-citizen-marriages-2010-2020.jpg\" alt=\"Citizen marriages 2010-2020\" width=\"1073\" height=\"630\" \/><\/a><figcaption id=\"caption-attachment-58254\" class=\"wp-caption-text\">Image source: Department of Statistics<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Then, of course, we&#8217;ve got fewer citizen births in 2020 (31,816) compared to 2019 (32,844).<\/p>\n<p>While the five-year average has stayed around 32,500 per year, the Total Fertility Rate, which is the average number of children that would be born to a woman, is at 1.14 (instead of the replacement rate of 2.1).<\/p>\n<p>One reason for this is partly due to women marrying much later before having children. The median age of first-time mothers increased from 28.5 years in 2000 to 30.6 years in 2019.<\/p>\n<p>It would be interesting to correlate this increase with the number and frequency of housing project delays between 2000 and 2019 just to see if there&#8217;s a pattern.<\/p>\n<figure id=\"attachment_58255\" aria-describedby=\"caption-attachment-58255\" style=\"width: 1076px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-5-citizen-births-2010-2020-e1661155653961.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-58255 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-5-citizen-births-2010-2020-e1661155653961.jpg\" alt=\"Singapore Citizen Births 2011-2015\" width=\"1076\" height=\"630\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-5-citizen-births-2010-2020-e1661155653961.jpg 1076w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/chart-5-citizen-births-2010-2020-e1661155653961-150x88.jpg 150w\" sizes=\"(max-width: 1076px) 100vw, 1076px\" \/><\/a><figcaption id=\"caption-attachment-58255\" class=\"wp-caption-text\">Image source: Immigration &amp; Checkpoints Authority<\/figcaption><\/figure>\n<p>Anyway, during his Rally speech, Lee hinted that getting Singapore residents to have more babies is going to be a challenging one.<\/p>\n<p>In conclusion, he shared that he will deliberate with his team about it and revisit this topic in future rallies.<\/p>\n<p>&#8211;<\/p>\n    <section id=\"portal-widget-tab-panel-69ffe35211f63\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-69ffe35211f63\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">HDB and Condo Apartments for Sale in Singapore<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?isFilterUnapplied=false&amp;listing_type=sale&amp;main_category=condo%2Chdb&amp;map_bounds=1.5827095153768858%2C103.49449749970108%2C1.1090706240313446%2C104.12483807587296&amp;page_num=1&amp;page_size=35&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;radius_max=1000&amp;rental_type=unit&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sub_categories=condo_apartment%2Cexecutive_condo%2Cgeneric_condo%2Chdb_2r%2Chdb_3r%2Chdb_4r%2Chdb_5r%2Chdb_executive%2Cservice_apartment%2Cwalkup&amp;zoom=11&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/szDxc3yTNV3sRE7i2xVZUH?text=Ramesh+Babu&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=213cb6aa6889ed11db60a9d5bd6d76354bdab85c\" alt=\"701 Hougang Avenue 2 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">701 Hougang Avenue 2<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 530701 \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>721 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 419,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/701-hougang-avenue-2-hdb-nffyvo7PdJLMQwtc83Z9xy?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/GqibMePNuAr6zon4YWeqPT?text=Poon+Wing+Kee+Earle&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=8b3dbc499ef1812b53e7d24fd0d6e295e3bab6d1\" alt=\"Trellis Towers Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Trellis Towers<\/div>\n                            <div class=\"card-text card-subtitle\">700 Lor 1 Toa Payoh \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,647 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,600,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/trellis-towers-condo-byF5DhTSRnc4XYnWsE9FqL?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/sH7keL2uw4FSrDPBnrdRLU?text=Poon+Wing+Kee+Earle&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1549f9673c0b83046c3c6c68a7e82828a4a20b4b\" alt=\"Reflections At Keppel Bay Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Reflections At Keppel Bay<\/div>\n                            <div class=\"card-text card-subtitle\">11 Keppel Bay View \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>915 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,900,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/reflections-at-keppel-bay-condo-hfXVoBGjYrayBvkii9vSvz?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/7mJweXiFdonuBJmcV39KiG?text=Tham+Leng+Leng%2C+Ivy+%28Ivy%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=99412f00dcab98eebda5e97d24c6179fb1f6b959\" alt=\"Ripple Bay Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Ripple Bay<\/div>\n                            <div class=\"card-text card-subtitle\">4 Pasir Ris Link \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>786 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,250,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/ripple-bay-condo-bcRkxC9Yh5Cu9ZgjebsefE?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/nBTqxJU7Z4jrRM3A7PG2Gc?text=Tham+Leng+Leng%2C+Ivy+%28Ivy%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c78ed0a419f244ab9d7128b78807b65b5bff247b\" alt=\"Sims Urban Oasis Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Sims Urban Oasis<\/div>\n                            <div class=\"card-text card-subtitle\">2 Sims Dr \u00b7 D14<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>581 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,060,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/sims-urban-oasis-condo-TMtSmFXL97tZLjEmw2WrrQ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/PGh3ebvk4MC52nyNpbau7A?text=Tham+Leng+Leng%2C+Ivy+%28Ivy%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d5d50ba42d00a5b8edba96934de078112a1be0ae\" alt=\"666 Yishun Avenue 4 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">666 Yishun Avenue 4<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 760666 \u00b7 D27<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,765 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/666-yishun-avenue-4-hdb-g7x3f9aG44A3kPZmtiERtz?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/XenreBKytV7gq8nZGHb5rY?text=Yumi+Leong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=f920bdb1f66e2109e431c5c3769f3378cd06742e\" alt=\"The Visionaire Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Visionaire<\/div>\n                            <div class=\"card-text card-subtitle\">180 Canberra Dr \u00b7 D27<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,314 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,050,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/the-visionaire-condo-jSQSJ7zkFMx73DyA4sCzGm?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/S5AMbaq9XjEb7aZZ65eS65?text=Geri+Pang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=18bb087daf58a63fdfdef488ee272c519a7d6ab0\" alt=\"Waterfront Gold Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Waterfront Gold<\/div>\n                            <div class=\"card-text card-subtitle\">752 Bedok Reservoir Rd \u00b7 D16<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>872 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,480,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/waterfront-gold-condo-cZAjMc7PwXrZXWxzo6fn62?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/67EEkqAxbZxpkTXc9qpVs8?text=Chen+Zhen+Hao&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=952cb825f61a965ef14e1f30db026d7cdfabe414\" alt=\"322 Ang Mo Kio Avenue 3 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">322 Ang Mo Kio Avenue 3<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 560322 \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>785 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 460,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/322-ang-mo-kio-avenue-3-hdb-f7diL3b9kJwwWZD5q7KJv2?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vfDRKHMC84nkWUS4btUXS6?text=Roger+Kee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=4212ec6d22a8cf5f5e892c71712cc80ef13960b6\" alt=\"Belle Vue Residences Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Belle Vue Residences<\/div>\n                            <div class=\"card-text card-subtitle\">27 Oxley Walk \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <span>4,844 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 8,888,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/belle-vue-residences-condo-QPtXEPBdJmyukq6KhMxKwF?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>&#8211;<\/p>\n<h2>How can Singapore have more babies? Let us know in the comments section below.<\/h2>\n<p>If you found this article helpful, 99.co recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/housing-ageing-population-more-than-building-roof\/\" target=\"_blank\" rel=\"noopener\">Housing an ageing population: it\u2019s more than just building a roof over their heads<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/600-households-ang-mo-kio-sers\/\" target=\"_blank\" rel=\"noopener\">600 households over 4 blocks in Ang Mo Kio picked for SERS<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During August 2022&#8217;s National Day Rally speech, Prime Minister Lee Hsien Loong said that Singaporeans sometimes worry that we will run out of space in the future &#8211; that housing will not be available or affordable. His response? &#8220;No need to worry.&#8221; This is because the government has done its studies and planning, and will&hellip;<\/p>\n","protected":false},"author":109,"featured_media":58258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53632,57131],"tags":[57322,57323,57320,57324,57321],"persona":[57125,57126],"class_list":{"2":"type-post","16":"entry","17":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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