Rents of HDB flats and private homes have increased by more than 25 per cent in the last year.
SINGAPORE: With rents soaring, some young tenants in Singapore have been forced to make a choice – keep their independence and pay higher prices, or move back to their parents' home.
Rents of Housing Board flats increased by 26.8 per cent year-on-year in March, a flash report from 99.co and SRX showed.He lived with his mother and two siblings. During the pandemic, try“Working from home just gave the illusion that I’m always there and I’m always available to be disrupted, but my workload was a lot out of me,” said Mr Yeon, who works as a consultant.mother's home and rented his own place.
Mr Cheong said many people who lived in multi-generation homes and shared rooms with siblings moved out during the pandemic because they needed privacy for work. Ms Christine Sun, senior vice president of research and analytics at OrangeTee & Tie, said there are a few reasons behind locals moving back to stay with their parents.
The room he shares with his brother was also reconfigured to make space for a workstation, which was a pull factor for him to move back.
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