Correlation between Strong Housing Demand and Customary Beliefs

Mr Gan Thiam Poh asked the Minister for National Development whether there is empirical and historical evidence suggesting that the pent-up demand in the last few years for housing could be due to stronger preference for marriage/setting up of family in a particular zodiac year or customary belief/ethnic traditions and, thus, temporary in nature.

Page: 1014

Mr Khaw Boon Wan: There is no such evidence. The number of marriages eligible for subsidised housing has been quite stable, at about 15,000 each year in the past decade. There is also no correlation between private housing demand and household formation.

Page: 1014