OPINION: Singapore Needs A New Sling - Joel Kotkin


Forbes.com, 18 Jul 2013
Three decades ago Lee and his PAP were rightly concerned about the city’s overpopulation. Now the big problem is a rock-bottom low birthrate — with a fertility rate under 1.2 – barely half that necessary to replace the current population, which threatens to turn this ultra-dynamic city state into a giant old-age home.
The reasons for this plunge, according to demographer Gavin Jones at the National University of Singapore, lie largely in such things as long working hours and ever-rising housing costs, something that has been boosted by foreign purchases of private residences. With large apartments increasingly expensive, Singaporeans, particularly those with children, often think of emigrating to less expensive or at least roomier places such as the United States, Australia and New Zealand. One recent survey estimated that over half of Singaporeans want to migrate; the World Full story
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