20-something condo buyers I initially chalked up as “crypto-millionaires” that I still see despite that scene having died down. This brings me to the subject of today’s newsletter – the great wealth transfer….
Either Singaporeans are getting rich younger, or…
The great wealth transfer may be happening sooner than we think.
Over the past three years, I’ve had many coffee shop talks with realtors; and while I don’t have the data neatly quantified, it’s quite clear that there are more and more young condo buyers.I don’t mean people in their mid-30s who have done well. I mean buyers as young as 25 or under. And unless our youngest generation are financial prodigies, I doubt those purchases are from their own savings. Most of the time, condo ownership comes courtesy of
...
