How being a 'super-aged' country by 2026 will impact the housing market

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According to the United Nations (UN), a nation becomes an 'ageing' society when seven per cent of its population is aged 65 years and above, 'aged' when it's 14 per cent and 'super-aged', when it's 21 per cent. Singapore's population hit the 'aged' status in 2017 and will soon become a 'super-aged' society in 2026 — just three years away....

The table above shows different public hospitals in different estates — and how public housing prices in their immediate vicinity have changed.

Despite its lower volume, the average psf prices of HDB resale flats around the area grew by almost 45 per cent. Notably, some hospitals, like Tan Tock Seng and Ng Teng Fong, are linked to MRT stations, transport hubs and shopping malls, but other hospitals, like Sengkang General Hospital and Singapore General Hospital, aren't directly linked.As Singapore moves into "super-aged" status, expect a greater emphasis on apartments with elderly-friendly features, like grab-bars and slip-resistant flooring. We may see condos offering these options if the buyer is an elderly resident.

Studies done on the super-aged society in Japan have also surfaced far more pressing issues which may influence the way we live as a society.

 

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