Singapore’s public housing landscape is undergoing a quiet but significant demographic shift. According to the latest Household Survey, senior households where the main decision-maker is aged 65 and above now make up close to one-third of all HDB residents, up from just one-quarter in 2018.
This trend reflects Singapore’s rapidly ageing population and has important implications for future housing demand, flat types, and resale pricing dynamics.
A Growing Senior Population in HDB Flats
The survey reveals that:
Nearly 1 in 5 HDB residents is aged 65 or older, a sharp increase over the past decade
Households headed by seniors have grown significantly between 2018 and 2023/24
The median age of HDB residents has risen, pointing to a steadily ageing estate profile
This is not just a social issue — it is a structural trend that will directly shape housing policy and market behaviour in the coming years.
Most Seniors Prefer to Age in Place
One of the strongest findings from the survey is that about 86% of senior households prefer to remain in their current flat rather than move.
Even when faced with mobility challenges or daily living needs, most seniors would opt to:
- Stay in their own homes
- Receive support from family members, domestic helpers, or professional caregivers - - Continue living in familiar neighbourhoods with existing social networks
This highlights a strong emotional connection to their current flats and explains why downsizing (“right-sizing”) is still relatively limited, even when financially viable.
But Right-Sizing Is Still on the Radar
- Easier maintenance of a smaller home
- Access to age-friendly amenities
- Unlocking cash through selling a larger flat
- Moving closer to children
Among those who are open to moving, the most popular choices are 2-room or 3-room flats, signalling potential future demand for smaller, senior-friendly unit types.
What This Means for HDB Owners & Investors
1. Stable resale supply in mature estates
Because most seniors are not rushing to sell, we may not see a sudden flood of units onto the market. Instead, resale supply will remain relatively controlled.
2. Growing demand for smaller, accessible homes
Demand for well-located 2- and 3-room flats near MRT stations, polyclinics and shops may rise over time.
3. More government focus on ageing-friendly housing
We can expect to see more ramps, lifts, healthcare services, wellness hubs and assisted living projects incorporated into HDB estates.
4. Younger buyers may benefit in selected areas
In towns with a high senior population, younger families may find more resale opportunities over time as gradual right-sizing takes place.
Key Takeaway
For homeowners, this trend reinforces the importance of:
- Choosing locations with long-term accessibility
- Considering future buyer demographics
- Owning homes that meet both family and ageing-in-place needs
Housing in Singapore is no longer just about size - it is increasingly about lifestyle, sustainability, and future-proofing.