Property
Unaffordable Homes In Singapore Are Causing The Younger Generation To Rent: Is This A Good Idea?
By Stacked Homes  •  September 13, 2022
In a recent PropertyGuru survey, two-thirds of Singaporeans aged 22 to 29 said they’re renting because home ownership is still out of reach. Indeed, this is a trend that’s been noticed since last year, with more young Singaporeans also sharing housing to afford rent. Workers’ Party MP Louis Chua has even remarked that it may be time for HDB to look at rental as more than just housing for the needy. Frankly, the survey is a little strange to us – mainly because of the age range that was targeted. Generally, the age Singaporeans are getting married is later, and from an age of 22 to 29, you’d expect this to be more of a single demographic. But then again, you can only buy an HDB flat if you’re above 35. So private housing is going to be even more out of reach. Nevertheless, it does open up an interesting point of discussion. Is rental or shared housing actually a good idea for our younger demographic?...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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