A recent Straits Times article highlighted a growing trend: more Singaporeans under 35 are buying private properties, with some saying they entered the market for investment.
Kudos to them, because before I turned 35 years old, I didn’t know what I’d order for lunch that day, let alone what condo to buy and when to sell. On paper, it does sound like a sign of growing wealth and financial confidence among younger Singaporeans. Think how impressive it would be during Chinese New Year when you can tell everyone your 25-year old son or daughter is buying a condo, and they’re deciding between Great World or River Valley, or some other equally impressive CCR district.
(That’s not too implausible these days, with developers keeping the quantum lower.)
It’s also been reported that between 20224 and 2025, DBS posted a 40% jump in home loans from borrowers who are under 35 years old. OCBC says that it saw a rise in singles buying...