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Younger Population To Drive Construction Boom: FMBA

The latest population census results according to the Fiji Master Builders Association (FMBA) points to the growing demand for new housing over the coming years. This has been confirmed by
22 Jan 2018 10:16
Younger Population To Drive Construction Boom: FMBA
The latest population census results according to the Fiji Master Builders Association (FMBA) points to the growing demand for new housing over the coming years.

This has been confirmed by one of the 2017 census reports key findings that the median age of the population stood at 27.5 years, which means half the country’s entire population was below that age.

“With the urban population increasing by just under 70,000 in the last decade, coupled by 69 per  cent of our population also below the age of 40 as the census report states, this is where we expect the push for better and more residential housing to come from,” said FMBA Secretary, Vijay Naidu.

Mr Naidu said another key highlight from the 2017 census report that FMBA members must seriously consider in their future plans is the fact that 13.7 per cent of the population aged three and above had some form of disability.

“So the question we as a socially responsible industry must ask ourselves is, what are we doing to incorporate things like access ramps, special parking and other disability friendly provisions within our building designs,” said Mr Naidu.

The FMBA Secretary adds that since 13.7 per cent represents a sizeable 113,595 people aged three and above with some form of disability, these vital statistics will help the industry with its future planning as well.

“We are grateful to Government for releasing these latest population statistics as it also reminds us of the rapidly evolving demographic shifts, helping the building industry also forecast future demand and trends,” Mr Naidu said.

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