Property
Does Renting For Life Ever Make Sense In Singapore?
By Stacked Homes  •  July 9, 2024
Renting for very long periods, let alone for life, is an aberration in the eyes of some Singaporeans. In a country with a near 90 per cent home ownership rate, it’s expected that – at some point in your life – you’ll have a roof over your head that you can call your own. And yet, there is a small minority of Singaporeans who are committed to being tenants for life; some by choice, others by necessity. Here are some of the reasons: A note on those who want to rent for life, versus those who have to Some Singaporeans slip through the cracks, or never had the right opportunities. An inability to move up from lower-wage jobs, crippling medical bills, business misfortunes that caused them to lose their flats, etc. This article doesn’t address this group, who don’t choose their rental situation.  ...
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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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