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Recent reports showed strong growth in private home purchases among buyers under 35, with banks such as DBS Bank reporting a 40% rise in home loans from younger borrowers between 2024 and 2025. OCBC Bank also noted increased interest from singles buying condos for investment. However, the author argues that the emotional atmosphere today differs sharply from earlier property booms such as the pre-2013 surge, which was characterised by optimism and speculation.
Instead, many younger buyers today appear motivated by anxiety. After witnessing rapid price increases during and after the COVID-19 period across HDB resale flats, executive condominiums, private condos, and rentals, many fear that delaying a purchase by a few years could leave them unable to afford homes in desirable locations altogether.
The article suggests that this mindset has reshaped housing behaviour. Younger buyers are stretching finances, pooling resources with partners or parents, and prioritising property purchases before other life milestones such as marriage or career stability. Parents are also increasingly encouraging early purchases, fearing their children could eventually be locked out of the market or inherit ageing flats with limited lease value.
Smaller condo unit sizes and lower entry prices have made private housing more accessible, but the article argues the deeper driver is psychological. Unlike previous generations who viewed private property as a symbol of success or wealth accumulation, many young Singaporeans now see buying property as a form of protection against future exclusion.
The author concludes that today’s market is increasingly shaped by preservation and survival instincts rather than pure investment optimism, creating a stronger and potentially more difficult-to-cool emotional force in Singapore’s housing market.
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