SINGAPORE (June 22): Contrary to stereotypes of being paycheck spenders and short-term planners, millennials are the most likely generation in Singapore to be ahead of their peers in property investment in more ways than one.

This is according to HSBC’s Beyond the Bricks 2: The value of home global survey, which features views of more than 10,000 people across 10 countries and territories including 1,000 home owners and prospective home owners (intenders) in Singapore.

Its findings have highlighted the millennial segment, comprising those currently aged 21-36 years old, as the most likely among Singapore’s age groups to be multiple property owners and the quickest to save for housing deposits, with more than half (54%) already owning a home, and 24% of these people with multiples properties to their name.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook