Renting can be a viable alternative to owning a private home in Singapore

HOME ownership is deeply ingrained in the minds of Singaporeans. Around 88 per cent of resident households own their homes as at 2020.

Subsidies and grants help locals to own HDB flats and have a direct stake in the country's prosperity.

For many older homeowners, the HDB flat or private home is a key asset for funding retirement needs or passing down to the next generation.