21 Apr '15, 5am

#singapore #property 21% of newlyweds choose to rent: About 21 percent of married coupl...

Comment E-mail to friend Bookmark & Share About 21 percent of married couples below the age of 35 resided in rented homes shortly after they tied the knot, according to media reports citing the housing board’s latest Sample Household Survey. Based on the study which was conducted in 2013 and involved 7,800 households, this proportion is roughly similar to those who live with their relatives or friends without paying any rent. The research showed that couples chose to lease mainly because they were still waiting for the completion of their new HDB flats, or their desire for privacy and independence. “Young couples, especially newlyweds, value privacy. If they can afford it, they’d rather rent first,” shared sociologist Paulin Straughan. In fact, the same research revealed that privacy and security were key considerations for nearly 64 percent of the respondents. Another tre...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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