The asset has worked well so far as a strategy for older generations to grow their personal wealth. This is due to the value of homes and property investments having appreciated by multiple folds through the years.
A new private property may no longer be “that pot of gold” that Singaporeans can solely rely on as their retirement nest egg, according to DBS’s latest NAV Financial Health Series research report, the third in this series.
Property is a major contributor to household wealth, accounting for nearly 42% of household assets in Singapore.
