Young Singaporeans rent homes abroad to escape stress, cut living costs
On the verge of burnout, Chin Wei Nyen was ready to leave her job as a product manager at a Singapore-based tech firm in October 2024 when her boss offered her the option of working remotely for three months.
Singaporean professionals are increasingly opting to rent homes abroad in order to escape the stresses and high living costs of the city-state. A 30-year-old woman moved to Bangkok and rented a 31-square-meter apartment for SGD1,000 per month, finding a sense of calm she could not find in Singapore. She returned to Singapore and later returned to Bangkok, signing a one-year lease for an apartment for SGD600 monthly.
Some Singaporeans are even renting properties in China and Indonesia. The soaring property prices in Singapore, particularly for million-dollar flats, have contributed to this trend, as have the growing number of Singaporeans living and working abroad. The Destination Thailand Visa, launched in 2024, has made it easier for Singaporeans to live in Thailand on a long-term basis, attracting digital nomads and remote workers.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
