"By 2030, Singapore’s total population could range between 6.5 and 6.9 million. There is a wider band of uncertainty, and the actual population will again depend on factors such as our fertility trends and life expectancy, the global and regional environment, our economic structure and social needs. The resident population (comprising citizens and PRs) is projected to be 4.2 to 4.4 million, of which citizens alone will make up 3.6 to 3.8 million.”
The current population of Singapore is about 5.54 million.
One just need to imagine the additional huge numbers of residential housings needed to house the extra 25% population or 1.36 million people in the next 14 years!
You still have time if you act now while prices are low. Read more on Residential Condos.
The Population White Paper is a long term population plan by the government of Singapore to achieve sustainable economic growth for a dynamic Singapore. Singapore’s government has a 50 years track record of propelling Singapore from third world to first world and to be one of Asia’s economic powerhouse. Below are more excerpts from the Population White Paper.
When the government of Singapore plans for a bigger population comprising of own citizens, permanent residents and expatriates, it means the government has plans for building more infrastructures, amenities and housings like what what happened in the past few years where there was a property boom with a big increase in the population in Singapore. More expatriates also means more demand to lease residential properties and translate to go yields for property investors.
"A Vibrant Economy for a Dynamic Singapore
3.33 In our next phase of development, Singaporeans will remain the core of the workforce. A competitive and vibrant Singapore economy will offer diverse opportunities and good jobs, so that Singaporeans can realise their aspirations.
3.34 We have to continue to tap growth opportunities in the region and internationally. Our companies must remain nimble and adaptable, and restructure to rely less on low-skilled labour, and create more higher value-added jobs. This will enable more Singaporeans to take on higher value- added and higher-paying jobs.
3.35 As our economy matures, we will have to sustain a pace of growth compatible with our changing demographics. Up to 2020, if we can achieve 2% to 3% productivity growth per year (which is an ambitious stretch target), and maintain overall workforce growth at 1% to 2%, then we can get 3% to 5% Gross Domestic Product (GDP) growth on average. But over the whole period, GDP growth is more likely to average 3% to 4%, though we may exceed that in good years.
3.36 Beyond 2020, Singapore will continue to enjoy good prospects so long as we remain competitive and are able to plug into Asia’s growth. With workforce growth slowing to about 1% per year, and productivity growth moderating to 1% to 2% as our economy matures and undergoes major demographic shifts, we may see GDP growth of between 2% and 3% per year from 2020 to 2030. However, actual economic growth will depend on many factors: our external environment, our productivity and workforce growth, how dynamic and creative Singaporeans are, and how well we work together, compared to people in other cities. "
"Beyond 2020, Singapore will continue to enjoy good prospects so long as we remain competitive and are able to plug into Asia’s growth. We may see GDP growth of between 2% and 3% per year from 2020 to 2030. However, actual economic growth will depend on many factors: our external environment, our productivity and workforce growth, how dynamic and creative Singaporeans are, and how well we work together, compared to people in other cities."
"We will invest in our infrastructure and create high quality urban spaces, offering convenient access to amenities, transport nodes and services. Our rail network will expand by about 100 km to a total length of 280 km by 2021. We will build more public housing, hospitals and care facilities. With new parks and park connectors, Singaporeans will continue to enjoy accessible and interconnected green spaces all around Singapore. "
The current population of Singapore is about 5.54 million.
One just need to imagine the additional huge numbers of residential housings needed to house the extra 25% population or 1.36 million people in the next 14 years!
You still have time if you act now while prices are low. Read more on Residential Condos.
The Population White Paper is a long term population plan by the government of Singapore to achieve sustainable economic growth for a dynamic Singapore. Singapore’s government has a 50 years track record of propelling Singapore from third world to first world and to be one of Asia’s economic powerhouse. Below are more excerpts from the Population White Paper.
When the government of Singapore plans for a bigger population comprising of own citizens, permanent residents and expatriates, it means the government has plans for building more infrastructures, amenities and housings like what what happened in the past few years where there was a property boom with a big increase in the population in Singapore. More expatriates also means more demand to lease residential properties and translate to go yields for property investors.
"A Vibrant Economy for a Dynamic Singapore
3.33 In our next phase of development, Singaporeans will remain the core of the workforce. A competitive and vibrant Singapore economy will offer diverse opportunities and good jobs, so that Singaporeans can realise their aspirations.
3.34 We have to continue to tap growth opportunities in the region and internationally. Our companies must remain nimble and adaptable, and restructure to rely less on low-skilled labour, and create more higher value-added jobs. This will enable more Singaporeans to take on higher value- added and higher-paying jobs.
3.35 As our economy matures, we will have to sustain a pace of growth compatible with our changing demographics. Up to 2020, if we can achieve 2% to 3% productivity growth per year (which is an ambitious stretch target), and maintain overall workforce growth at 1% to 2%, then we can get 3% to 5% Gross Domestic Product (GDP) growth on average. But over the whole period, GDP growth is more likely to average 3% to 4%, though we may exceed that in good years.
3.36 Beyond 2020, Singapore will continue to enjoy good prospects so long as we remain competitive and are able to plug into Asia’s growth. With workforce growth slowing to about 1% per year, and productivity growth moderating to 1% to 2% as our economy matures and undergoes major demographic shifts, we may see GDP growth of between 2% and 3% per year from 2020 to 2030. However, actual economic growth will depend on many factors: our external environment, our productivity and workforce growth, how dynamic and creative Singaporeans are, and how well we work together, compared to people in other cities. "
"Beyond 2020, Singapore will continue to enjoy good prospects so long as we remain competitive and are able to plug into Asia’s growth. We may see GDP growth of between 2% and 3% per year from 2020 to 2030. However, actual economic growth will depend on many factors: our external environment, our productivity and workforce growth, how dynamic and creative Singaporeans are, and how well we work together, compared to people in other cities."
"We will invest in our infrastructure and create high quality urban spaces, offering convenient access to amenities, transport nodes and services. Our rail network will expand by about 100 km to a total length of 280 km by 2021. We will build more public housing, hospitals and care facilities. With new parks and park connectors, Singaporeans will continue to enjoy accessible and interconnected green spaces all around Singapore. "
The Singapore government takes economical and urban planning very seriously. Urban planning are usually planned and projected many years in advance. And from historical records in the last 50 years, Singapore has never looked back.
Island wide - URA Master Plan 2014
Central Area - URA Master Plan 2014
Civic and Cultural District by the Bay - URA Master Plan 2014