Young Singaporeans are increasingly viewing property as a reliable means of wealth accumulation, yet many face significant challenges in achieving homeownership, according to ERA Singapore’s “My Dream Home Survey 2025.” The survey, conducted in collaboration with Ngee Ann Polytechnic, highlights that 87% of Gen Zs and Young Millennials consider property a dependable investment, but 45% find it difficult to invest due to affordability issues, high interest rates, and property taxes.
The survey, which gathered responses from over 1,100 individuals, reveals that nearly one-third of young Singaporeans expect to purchase their first home only after five years. This delay reflects the financial hurdles they face, with 37% citing affordability as their main challenge. Marcus Chu, CEO of ERA Singapore, noted, “Home ownership continues to hold deep meaning for young Singaporeans – it’s both a reflection of their lifestyle and identity, as well as a symbol of stability.”
Despite these challenges, young Singaporeans are not deterred. The survey indicates a strategic approach to homeownership, with many planning long-term and building financial knowledge early. This trend is significant as it suggests a shift in how younger generations are navigating the complex housing market.
The findings underscore the importance of understanding the evolving aspirations and challenges of young homebuyers. As the property landscape continues to change, these insights will be crucial for industry stakeholders aiming to meet the needs of future homeowners.
