More Singaporeans under 35 want to live on their own. Is renting worth it? | Deep Dive

For some young Singaporeans, moving out before they can buy their own home means paying up to thousands of dollars in rent. But for those who want freedom and independence, that’s a price worth paying for. With Singapore exploring flexible housing options like the Build-To-Rent model and private co-living spaces, will renting make home ownership harder later down the road? On the Deep Dive podcast, Steven Chia speaks with 33-year-old Cheang Wai Yee, who started renting four years ago, and Dr Lee Nai Jia, co-founder of Property Doctors Singapore, on what young adults should consider before moving out and what is the possible impact on housing supply if we expand rental housing for young people. Highlights: 00:00 Intro 02:21 Why Wai Yee decided to move out 03:19 Convincing her mum about renting 04:56 Finding an affordable place to rent 06:35 Are more Singaporeans living alone? 09:21 Is rent cost the biggest hurdle? 12:26 How much income should go towards rent? 15:40 Is renting really wasting money? 16:42 Why not lower the HDB eligibility age? 30:00 What to consider before renting ========== #DeepDivePodcast #singapore #renting Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia