Singapore must start planning for a population that could possibly hit 10 million, Liu Thai Ker, the man often credited as the architect of modern Singapore, told CNBC.
The bold number suggested by Liu, who served as the chief executive of the Housing Board from 1979-1989 and then as CEO and chief planner of the Urban Development Authority from 1989-1992, is nearly double the current 5.3 million population and significantly higher than the 6.9 million figure proposed by the Singapore government in its 2013 Population White Paper.
In the white paper, the government described its vision of raising the country's population by as much as 30 percent in the next two decades to ensure the economy remains dynamic. However, the move sparked strong objections amid rising discontent in the land-scarce nation over soaring housing costs and an influx of immigrants.
Read MoreHow Singapore can stay relevant after 50th
But Liu stands by his theory, saying that population growth is pivotal to Singapore's future.
"One fundamental thing about urban planning is, don't try to stop or control or curb population growth," Liu, who is now chairman at the Centre for Liveable Cities and senior director at RSP Architects Planners and Engineering, said.
"We should allow Singapore to grow and plan for a much bigger population… like 10 million people. We should ask ourselves: How long do we want Singapore to remain as a sovereign country? Even at 10 million people and assuming a population growth rate of 1 percent, we will only last slightly over 100 years and that's not a long time," he added.
The country, which is battling worrying demographic changes, also needs immigrants to keep its economic engines running. With a fertility rate of only 1.2, far below the replacement rate of 2.1 and one of the lowest in the world, an ageing population would lead to profound problems for Singapore, the country's Prime Minister Lee Hsien Loong said at a conference earlier this month.
Read MoreSingapore 'needs entrepreneurs' in the post-LKY era
Liu agrees: "Being such a tiny place, there is a propensity toward homogeneity of ideas and concepts. For us to nurture a creative society, we need people from outside. In fact, one of the reasons why Singapore could succeed was because we were a heterogeneous society at the beginning, with people from all over the world."
But even as population numbers accelerate, Singapore's achievements in urban development and innovation must be maintained.
"We must continue to keep the city green and attractive for businesses, as well as good talent to come," Liu told CNBC.