The Government is exploring more rental housing options to meet growing demand from younger Singaporeans seeking greater flexibility before buying their own homes, National Development Minister Chee Hong Tat said on 3 Aug. Speaking at the opening of Mber Co-Living and Serviced Apartments in Serangoon, Chee said new models under consideration include co-living spaces, long-stay serviced apartments and Build-To-Rent developments.
"While home ownership remains a key tenet of Singapore's social compact, we recognise that there is also demand for flexible accommodation options, such as by younger Singaporeans who are looking to rent initially before buying their own homes," he said.
Government studying new rental housing options for young Singaporeans