Singapore Dreaming: Private home more beyond-reach for local young couples

[Worm]

Continued upside in property prices and soaring interest rates, is making it harder to local young couples to own private homes.

Private home prices increased 8.4% in 2022
https://www.channelnewsasia.com/singapore/private-homes-prices-rise-2022-ura-3179591

What home owners can do as mortgage rates continue to rise
https://www.straitstimes.com/busine...ng-in-2024-and-2025-what-should-homeowners-do

 

[Worm]

 

[crimsondue]

Just a reminder to the young. Voting PAP out is definitely within your reach.
Then migrate and you won't look back. Just remember to vote every 5 years.

 

[Patriotmissile]

Can live in campervans if LTA allows. But LTA likely says NO. Cos LTA is the most fucked up gov. Org. In sinki.

 

[SBFNews]

Is staying in private home a must have for the young?

 

[laksaboy]

These articles are thinly disguised ads for property agents, sometimes euphemistically referred to as 'industry experts'.

They are published from time to time under the govt's directive to nudge the market in a certain direction. Packaged as 'news' of course.

Ms Christine Sun, senior vice president of research and analytics at OrangeTee and Tie said: "The price softening is in line with a weaker macroeconomic projection against a backdrop of rising mortgage rates and spiralling inflation."

 

[The Crow]

Maybe I should let my kid stay my house, then I go stay kwong wai shiu condo ...

 

[blackmondy]

Is staying in private home a must have for the young?

Of course, 面子大于一切.