Most of the millennials who said they would buy an HDB flat plan to put down S$500,000 to S$1 million for it.
SINGAPORE: A recent survey from ERA Singapore and Ngee Ann Polytechnic School of Design and Environment has shown that many Singaporean are satisfied with their present housing arrangements.
The survey, which was published on Aug 14, revealed that 33 per cent cent of those who participated consider themselves highly satisfied with their current home, while another 46 per cent said they are satisfied. As for homeownership, the young in Singapore are not very different from their forebears. A substantial number—85 per cent—of Gen Z participants, who are between the ages of 21 and 27, say they believe homeownership is important. Furthermore, over a third intend to buy their own property in the next three to five years.At this point, less than a quarter of those polled own their own homes. Would-be first-time homebuyers from this generation are looking at a BTO flat or a resale HDB .
Marcus Chu, CEO of ERA Singapore, is quoted by EdgeProp as saying, “Despite financial hurdles that potential buyers may face, the majority are ready to spend to secure their ideal living space, highlighting the importance of home ownership as a cherished goal for many in Singapore.”
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