Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221206
Title: RESIDENTIAL LOCATION CHOICES OF MILLENNIALS AND BABY BOOMERS IN SINGAPORE
Authors: GOH WAN QI FIONA
Keywords: Real Estate
Lee Kwan Ok
RE
2018/2019 RE
Issue Date: 4-Dec-2018
Citation: GOH WAN QI FIONA (2018-12-04). RESIDENTIAL LOCATION CHOICES OF MILLENNIALS AND BABY BOOMERS IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: Singapore’s shift in demographics has seen the growth of Millennials and Baby Boomers who are aged 20-34 years and aged 65 years and over in 2017, respectively and these two age groups account for almost half of the country’s population. Hence, their residential location choices have significant implications on cross-neighbourhood variation in demographic composition as well as local housing market dynamics. This study aims to provide a deeper understanding on how residential location choices of the Millennials and Baby Boomers differ from those of the same age groups of the previous generations, and in turn, influence temporal demographic change among different subzones in Singapore. In doing so, ordered logit regressions are estimated with the quintile changes in the share of young and old populations between 2000 and 2017 as the dependent variable and temporal changes in diverse neighbourhood characteristics at the subzone level as explanatory variables. Estimation results demonstrate that Millennials tend to increasingly choose subzones that have seen increases in BTO supply, newer housing units, and MRT stations and that are closer to CBD compared to young population of the previous generation. Comparatively, Baby Boomers tend to choose subzones that have seen increases in housing stock and prefer to stay closer to schools than the previous generation. These results suggest that both Millennials and Baby Boomers are more sensitive towards housing availability than previous generations when choosing their residential locations. Also evident is that locational convenience including the proximity to CBD and public transportation accessibility has become more significant in residential location choices among young people. These findings offer significant planning and policy implications. Residential location preferences of different age groups and their temporal changes should be better understood and reflected in housing policy and neighbourhood planning to maintain more balanced demographic compositions across neighbourhoods in Singapore.
URI: https://scholarbank.nus.edu.sg/handle/10635/221206
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Fiona Goh Wan Qi 2018-2019.pdf1.25 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

37
checked on Jan 26, 2023

Download(s)

15
checked on Jan 26, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.