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Showing posts from June 20, 2020

How you can get a Private Property in Singapore before 35 years old.

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Buying property in Singapore is a national obsession.  Buying private property in Singapore is a Singaporean Dream.  Buying private property in Singapore before age 35 is almost like an IMPOSSIBLE FEAT.  Why is that so? Based on Singstat , the number of Singapore residents from 2017 to 2019 aged below 35 are as shown: In 2019, we have 293,000 residents aged below 35 among 4 million residents. That's about 7% of our population.  As the SingStats doesn't specify number of residents owning Private Property under aged 35, we can infer from their data that about 123,000 households own property under age 35 and we can assume Lone Parents, Living Alone and Others as more likely to be owning Private Property.  As HDB ownership for couples are nearly 90%, we can estimate 10% of the 80,000 households to be living in Private Property.  We can estimate about 50,000 households under aged 35 owns Private Property.  So out of 1,372,000 households as of 2019, 50,000 households under aged 35 ow

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