Posted on August 15th 2018

fundMyLife

opinion

Property

It is common than not for a Singaporean to stay with the family until very late into his life. This is a sharp contrast to Americans who leave the nest as soon as they turn 18. Of course, it makes economical sense to stay at home. Furthermore, home ownership is available when an individual, 1) applies for a BTO flat with his/her spouse, or 2) is over 35 years old and purchases a flat from a resale market. Option 1 requires a partner, whereas Option 2 requires significant resources – something which can be out of your control. Therefore, this leaves an individual with either continuously staying with his/her family or renting. In this article, fundMyLife shares reasons why renting as a Singaporean for a short term is not a bad idea.

Sometimes, you just want space. It