Around 79 percent of young couples in Singapore will consider living in an executive condominium (EC) enabled with smart technologies, according to results from an online survey carried out earlier this year by Qingjian Realty.
The study polled 100 respondents between 20 to 40 years old, to measure their attitudes towards smart living.
Among those surveyed, 63 percent said they are willing to pay $30,000 to $40,000 to furnish their home with smart technologies, including security features, electronics and appliances.
Convenience, energy efficiency and safety were listed among the top smart home features that would appeal to them. Other features that respondents would like to see are smart lighting, smart air-conditioning and smart security.
“We are working on translating this idea of a model futuristic home into one where a home is fitted with smart technologies that are available and practical for people in Singapore,” said Li Jun, General Manager, Qingjian.
“The inputs from these young couples have further enhanced our understanding of potential homeowners’ views.”
The survey was conducted amid plans by Qingjian to launch Singapore’s first Smart EC, The Visionaire in Sembawang in April.
Several new private condominiums launching this year are also adopting smart home technologies. For instance, The Wisteria condo in Yishun, which launches in March, will have features that allow homeowners to remotely control door access and air-conditioning via a smart device.