by OrangeTee & Tie Pte Ltd.

Rental, shared housing more appealing to young S'poreans, though most still want to own homes: Study

SRX Rental Data

Singapore, 11 Sep 2022

More young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high. 

Even then, most still intend to buy a home within the next two years, a consumer sentiment study released by real estate portal PropertyGuru last week showed.

Privacy and freedom are the reasons often cited by young Singaporeans who enter the rental market, said OrangeTee & Tie senior vice-president of research and analytics Christine Sun. 

"The trend was more prevalent during the pandemic when more people were working from home. We have also observed more young couples renting because they are waiting for the completion of their new flats," she said.

To read full article: click here

For more news, research and information,