SINGAPORE — For Ms Shuhadah, upgrading from a Housing and Development Board (HDB) flat to owning a private property is a goal she would like to achieve at some point in her life — not for herself, but for her future children, as she is concerned about the continuously climbing cost of homes here.
Housing and renovation costs were the biggest worry among youths when it comes to cost of living, among a list of five items including groceries, healthcare, utilities and eating out.
A majority of young Singaporeans aspire to own private homes, but worry that their kids will not be able to afford houses in the future, the latest TODAY Youth Survey has found As many as 78 per cent said owning a private home is one of their life goals, though in reality most Singaporeans live in public housing
70 per cent said they are worried that their children will have difficulty affording a home in Singapore in future Sociologists told TODAY that the desire towards private housing is born from a wider aspiration for social mobilityWe know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be.
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