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Singapore Residential - Swinging Home Ownership for Singles

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

<p>Millennials, those born in the early 1980s and later, were recently criticised for not being more prudent in their habits. But in one of the most expensive housing markets in the world, can merely cutting back on hip brunches help one to buy a home?</p><ul><li>Despite the availability of grants, there is a general perception that homeownership is out of reach for younger Singaporeans</li><li>With marriage a condition for buying a HDB flat before 35, those who choose to remain single have more barriers to entering the property ladder and are discouraged from homeownership</li><li>Singapore’s household balance sheet remains healthy, but is skewed towards assets likely owned by an older generation of Singaporean</li></ul>

Millennials, those born in the early 1980s and later, were recently criticised for not being more prudent in their habits. But in one of the most expensive housing markets in the world, can merely cutting back on hip brunches help one to buy a home?Despite the availability of grants, there is a general perception that homeownership is out of reach for younger SingaporeansWith marriage a condition for buying a HDB flat before 35, those who choose to remain single have more barriers to entering the property ladder and are discouraged from homeownershipSingapore’s household balance sheet remains healthy, but is skewed towards assets likely owned by an older generation of Singaporean

Singapore Residential - Saving on Toast Today Might Not Mean a Home Later