Commenting on why some young Singaporeans are opting out of homeownership, SMU Assistant Professor of Sociology (Education) George Wong said that this diverse minority has a range of motivations and circumstances behind their decisions not to own homes. According to Asst Prof Wong, more young Singaporeans today also have parents who already own larger homes or multiple properties. He said these young Singaporeans may only start considering homeownership when certain life milestones, such as entering a committed relationship, getting married or starting a family, fall into place. Asst Prof Wong added that for others, financial goals or career ambitions may simply take priority over owning a home.
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