Household incomes, share of condo dwellers rise over last decade

Singapore

HOUSEHOLD incomes continued to rise in both real and nominal terms over the last decade, with a significant spike in households at the top end, according to data released on Friday by the Department of Statistics.

A greater share of resident households also live in condominiums and other apartments compared to 10 years ago, in a trend that analysts and academics expect to continue. The figures were in the second of two releases from the Census of Population 2020, based on registered data and a survey of 150,000 resident households conducted from February till end-2020. Household income figures include employer Central Provident Fund contributions.