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.
-
Economy2 months agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
Magazines2 months agoOER Magazine April 2026 Issue
-
Economy2 weeks agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Economy2 months agoElectricity Tariffs Reduced for Residential Use – What It Means for You
-
Oman2 months agoREVIEW: WHOOP and the Rise of Performance Luxury
-
Lifestyle1 month agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
-
News2 months agoANALYSIS: Oil Slips As Peace Hopes Reprice Middle East Risk, But Supply Tightness Keeps Market On Edge
-
Banking & Finance1 month agoTariq Atiq Appointed as CEO of Bank Nizwa

You must be logged in to post a comment Login