{
  "id": 518100,
  "title": "‘I’m not doing it because I’m not even sure if I have a job 3 months down the line’: Why some young Singaporeans are opting out of homeownership",
  "url": "https://urgent.news/2026/08/10/im-not-doing-it-because-im-not-even-sure-if-i-have-a-job-3-months",
  "topic": "world",
  "section": "World",
  "published": "2026-08-10T22:34:37.000Z",
  "source": {
    "name": "The Independent Singapore",
    "slug": "the-independent-singapore",
    "url": "https://theindependent.sg/i-m-not-doing-it-because-i-m-not-even-sure-if-i-have-a-job-3-months-down-the-line-why-some-young-singaporeans-are-opting-out-of-homeownership/"
  },
  "original_language": "en",
  "account": "Homeownership has traditionally been a cornerstone of the Singaporean dream. A recent ERA Singapore My Dream Home Survey revealed that three-quarters of Singaporeans still prefer owning a home over renting. However, this appealing notion is being challenged by a minority of young Singaporeans who find homeownership less appealing or even unfeasible. SMU sociology assistant professor George Wong explains that the reasons behind this shift are diverse and multifaceted. Some young Singaporeans opt for long-term private rentals, valuing the flexibility it affords over making a significant financial commitment to a property. Others lean towards co-living spaces, which provide furnished units and shared amenities, simplifying their living arrangements and offering opportunities for social interaction. A growing number of Singaporeans choose to reside in serviced apartments or hotels, prioritizing comfort, convenience, and comprehensive services over the responsibilities of property ownership. Some individuals are digital nomads or professionals who frequently travel, finding little need to invest in a property within Singapore. Family dynamics are also changing, with more young Singaporeans remaining single longer, marrying later, or choosing not to have children. Wong notes that the presence of parents who already own multiple properties has also influenced this trend, as young Singaporeans may only contemplate homeownership once certain life events, such as finding a stable partner, getting married, or starting a family, occur. Financial goals and career ambitions often take precedence over homeownership for some young Singaporeans. Wong adds that job security is a major factor, with one commenter on r/singapore expressing concern over a potential lack of job stability for the next three decades, making mortgage commitments daunting. Another individual highlighted their niche profession, fearing the job market's volatility, which makes taking on a long-term mortgage an unappealing prospect.",
  "summary": "SINGAPORE: Homeownership has long been part of the Singaporean dream. In fact, in ERA Singapore’s My Dream Home Survey last year, three in four Singaporeans said they still prefer owning a home ov... This article ( ‘I’m not doing it because I’m not even sure if I have a job 3 months down the line’: Why some young Singaporeans are opting out of homeownership ) first appeared on The Independent…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}