The Urban Redevelopment Authority (URA) said it will monitor and review the outcome of Singapore's first retirement village before deciding if it will release more land for similar projects in the future, or tweak any parameters. It added that as retirement housing is a relatively new concept in Singapore, it saw merit in giving the market and the developer the flexibility to determine the concept for...
Retirement Village
The government is not considering developing a retirement village at Pulau Ubin. Senior Parliamentary Secretary for National Development Maliki Osman said this in Parliament on Tuesday, in response to a suggestion made by Non-Constituency MP Lina Chiam. There is currently no development plan for Pulau Ubin and the goverment's intention is to keep the island in its rustic state for as long as...
Property consultancy firm Colliers International has recommended the development of a "retirement village" for the growing population of senior citizens in Singapore. It has also suggested that a ratio/quota system be implemented to allocate Build-to-Order (BTO) flats to singles. Colliers said these are two groups within the larger population that have become significantly prominent over the last 12...