At the same time, developers are land-starved following the completion of projects from the 2017 en-bloc craze. This was compounded by the governmentduring the pandemic, ultimately leading to tight supply, and record-high prices.
This is much less painful than buying a home and then having to sell it for financial reasons. Consider, for example, that an unprepared person selling a home within the first three years will be affected by the Sellers Stamp Duty ; or that they would be unable to ballot for a BTO flat for 30 months, after disposing of their private property.
This same experience is a benefit to young Singaporeans. You may learn, for instance, that you don’t need to be in a busy or crowded mature town to be happy; or that living in a low-density area turns out to be a huge inconvenience for you. *The template TA provided by CEA actually states the tenant is responsible for air-con maintenance. You can negotiate for this to be different.
They should also consider staying in JB