Featured
Singapore Millennials Stuck With the Folks as Home Prices Spiral
Being a millennial in Singapore and looking for a home to call your own is tough.
Almost 70 percent of Singaporeans aged between 21 and 37 say they don’t have a structured savings plan to fund a home purchase, and therefore live with their parents, according to a report by PropertyGuru. Residential prices in the city-state increased almost 7 percent in the first half of 2018 before cooling measures implemented in early July muted the rise.
Other reasons for not leaving the nest include not being married, which in Singapore means you can’t apply for a government-subsidized apartment.
To be fair, it is more common for children in Asia to live with their parents longer than in the West. There’s an expectation that sons and daughters will look after their parents as they age, and contribute to their financial well being.
Still, a majority of them want to get on the property ladder at some point, with central, northeastern and eastern parts of the island most desirable, according to the survey.
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, November 24
-
OER Magazines1 month ago
OER Magazine: December 2024 Edition – The Most Trusted Brands in Oman
-
Energy2 months ago
Oman and Belgium Strengthen Green Hydrogen Partnership with New Landmark Agreement
-
Energy2 months ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
Technology1 month ago
EXCLUSIVE: Technological Singularity – Will It Become Humanity’s Greatest Leap or Its Most Perilous Step?
-
Magazines2 months ago
OER Magazine: November 2024 Edition
-
Oman2 months ago
Oman Braces for Launch of First Experimental Rocket Duqm-1 on 4 December 2024
-
Oman2 months ago
Transport Ministry Issues New Regulation for Security of Ships, Ports
You must be logged in to post a comment Login