Couples in Singapore with dual incomes, no kids aspire to buy private property
In Singapore, many young working couples and singles are choosing to buy private condominiums instead of staying in public housing flats. One example is Mr Darren Lim, a 42-year-old cybersecurity consultant, who is planning to move from a public Housing Board (HDB) flat to a private condo. He says one of his main reasons is access to facilities such as swimming pools, which are not available near his current home.
A recent survey by PropertyGuru shows that many higher-income couples without children, also known as “DINKs” (dual income, no kids), are interested in buying private property. About one-third of these couples plan to purchase a home within the next year. Many prefer new condo units because they see them as both a place to live and a long-term investment.
Experts say that rising property prices have not stopped interest in the housing market. Even though condos are expensive, low interest rates make buying more affordable for some people. Many buyers also believe that property value in Singapore will continue to increase over time, which makes housing an attractive investment.
Young singles are also joining the property market. Some professionals working in high-paying jobs such as finance, technology, law, and medicine are buying private apartments. Others choose larger HDB flats because they want flexible space for future changes in their lives, such as marriage or family plans.
However, experts also say that buyers are becoming more careful. In the past, some people delayed buying homes because of high interest rates and inflation. Now, they are comparing prices, timing, and housing types more carefully before making decisions. Overall, property ownership remains an important goal for many young adults in Singapore.
Edited using generative AI tools.
Source : https://www.straitstimes.com/singapore/housing/couples-with-dual-incomes-no-kids-aspire-to-buy-private-property-survey |
