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Singapore millennials favour investing in property

But their satisfaction with rental yield is lowest in Asia; 80% optimistic about post-retirement life

Genevieve Cua

Published Fri, Mar 3, 2017 · 09:50 PM

Singapore

SINGAPORE'S millennials, defined as those who are currently between the ages of 25 and 34 years, favour investing in property as a means to achieve financial security. But their satisfaction with rental yield is the lowest in Asia.

The latest Manulife Investor Sentiment Index (Manulife ISI) survey has found that more than two-thirds (68 per cent) of Singapore millennials aim to purchase local property, with two out of five intending to do so for investment purposes to generate rental income.

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