{"id":121123,"date":"2021-07-28T02:55:12","date_gmt":"2021-07-27T19:55:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-malay-households-living-in-one-two-room-flats\/"},"modified":"2021-07-28T11:09:32","modified_gmt":"2021-07-28T04:09:32","slug":"more-malay-households-living-in-one-two-room-flats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-malay-households-living-in-one-two-room-flats\/","title":{"rendered":"More Malay households living in one-, two-room flats"},"content":{"rendered":"


\nMore Malay households living in one-, two-room flatsSome reasons explaining why more Malay households were living in smaller flats included\u00a0young families who needed interim housing while trying to acquire their own flat or families who have financial difficulties.
\nThe Census of the Population 2020 showed that the proportion of Malay households staying in one- and two-room Housing and Development Board (HDB) flats has increased to 16% in 2020 from 8.7% in 2010.
\nThose living in three-room HDB flats, on the other hand, held firm at 22% in 2010 and 21.1% last year.
\nThe Ministry of National Development on Tuesday (27 July) said there are various factors contributing to the hike in the number of Malay households staying in one- and two-room flats.
\nThe first reason it cited was the increase in the number of Malay households living in public rental flats.
\n\u201cThis was in tandem with the increase in the supply of HDB one- and two-room public rental flats over the last decade, from about 45,500 in 2010 to about 62,000 in 2020,\u201d said the ministry in Parliament.
\nIt was responding to Member of Parliament (MP) Raeesah Khan who asked the reasons for the large number of Malays moving to smaller flats.
\nSome of the Malay households who moved to public rental flats were young families who were unable to continue living with their parents and were in need of housing while working towards acquiring their own flat.
\nOthers were families who have no other housing options after having sold their previous home due to changes in family or financial circumstances.\u00a0
\nThen there were also the seniors \u201cwho had little savings or income and did not have family support or were unable to stay with their children\u201d.
\nThe second reason cited by the ministry was the increase in the share of Malay flat buyers who acquired one- and two-room HDB flats\u2014from 3% in 2010 to 8% in 2020.
\nThe increase, which was also seen in other ethnic groups, could be \u201cpartly due to singles being able to buy new two-room flats since July 2013, as well as seniors right-sizing from bigger flats to two-room Flexi flats\u201d, explained MND.
\nMeanwhile, the ministry said it is encouraged that many families staying in public rental flats have acquired their own homes.
\nIt revealed that about 4,600 households have moved on to their own homes in the past five years, up by over 70% from 2,600 households in the previous five years. Of these, about 40% were Malay households.
\n\u201cAnother 2,000 households staying in public rental flats have booked new flats from HDB and are awaiting their completion, of whom around 40% are Malay households,\u201d added MND.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More Malay households living in one-, two-room flats<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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