Correlation between Strong Housing Demand and Customary Beliefs
- Gan Thiam Poh inquired whether pent-up housing demand in recent years could be attributed to customary beliefs or ethnic traditions tied to marriage and family formation, suggesting it might be temporary.
- Khaw Boon Wan responded that there is no empirical or historical evidence to support this correlation, noting that eligible marriages for subsidized housing have remained stable at around 15,000 annually over the past decade.
- He further clarified that no link exists between private housing demand and household formation trends.