The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Growing difficulty in owning a private landed home does not imply a lower standard of living

Landed home prices are up sharply and their share of private housing stock is declining

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Dec 30, 2024 · 12:52 PM
    • Owning a landed home is increasingly difficult as there is hardly any increase in supply.
    • Owning a landed home is increasingly difficult as there is hardly any increase in supply. PHOTO: BT FILE

    IS LIFE getting harder for young professionals here? With costly car ownership, many people give up on owning a car.

    On the housing front, upgrading from a Housing and Development Board (HDB) Build-To-Order flat to a condominium is challenging. And owning a landed home can be beyond the reach of even high-income earners.

    Yet, in the early years after Singapore’s independence, numerous local accountants, civil servants, doctors, engineers, lawyers and teachers bought private landed homes, sometimes on single incomes.

    ResidentialSingapore residential propertylanded housingProperty investmentThe Level Ground

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years.

    DBS to launch tokenised physical gold for retail customers in Singapore

    As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets.

    S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan

    MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore.

    Singapore men, are you OK?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More