Could boat living could be the next property trend?

A recent survey conducted by the European Chamber of Commerce (EuroCham) in Singapore found that 50% of expatriates looking to renew their residential housing leases this year or last year have started facing rental increases of more than 40%. This should come as no surprise to anyone because Singapore has been consistently ranked as the most expensive city in the world for the 8th time in a decade by the Economist Intelligence Unit’s (EIU) 2022 Worldwide Cost of Living Index.

Singaporeans and foreigners alike have seen dramatic rises in the cost of living, with many looking at viable alternatives to help mitigate the financial burden. While some have chosen to downgrade their homes or move overseas, others take an unconventional approach by living on a boat.