{"id":92334,"date":"2018-06-25T11:19:28","date_gmt":"2018-06-25T04:19:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-in-5-millennials-plan-to-own-multiple-homes-survey\/"},"modified":"2018-06-25T12:02:52","modified_gmt":"2018-06-25T05:02:52","slug":"2-in-5-millennials-plan-to-own-multiple-homes-survey","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-in-5-millennials-plan-to-own-multiple-homes-survey\/","title":{"rendered":"2 in 5 millennials plan to own multiple homes: survey"},"content":{"rendered":"


\n According to a recent HSBC survey, 54 percent of respondents aged between 21 and 36 years old are residential property owners. Of this, 24 percent already have multiple homes.
\nBucking the stereotypes of millennials being paycheck spenders and short-term planners, an HSBC study has found that two in five or 43 percent of millennials in Singapore want to own multiple homes, reported Singapore Business Review.
\nAnurag Mathur, retail banking and wealth management head at HSBC Bank Singapore, noted that the research reveals that millennials \u2013 who also emerged as the quickest savers of housing deposits \u2013 have a very clear focus on future proofing and investing.
\nMore: Singapore Private Home Prices May Surge 20% This Year: Savills
\nIn fact, 54 percent of the respondents aged between 21 and 36 years old are already residential property owners. Of this, 24 percent already have multiple homes, which is relatively higher compared to baby boomers (17 percent) aged between 54 and 72 and generation X (19 percent) aged 37 and above.
\nMillennial homeowners took an average of five years to save for housing deposits, while baby boomers and generation X-ers took six and seven years respectively. Around 74 percent of millennials plan to use their second home for investment purposes.
\nMoreover, 47 percent of millennials check the prices of their homes at least once a year. They also tend to change their home loan provider more compared to other age groups.
\nGenerally, 79 percent of homeowners from across age groups expect to see an increase in property values, led by millennial property owners at 76 percent.
\nFor the homeownership and home financing study, HSBC polled 10,000 people from 10 countries and territories, including 1,000 homeowners and intenders from Singapore.
\nCan you afford a million-dollar property in Singapore? Check your\u00a0affordability\u00a0now.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…2 in 5 millennials plan to own multiple homes: survey<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to a recent HSBC survey, 54 percent of respondents aged between 21 and 36...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-92334","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-o1g","jetpack-related-posts":[{"id":46029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-millennial-homeowners-lower-than-global-average\/","url_meta":{"origin":92334,"position":0},"title":"UAE Millennial homeowners lower than global average","date":"March 1, 2017","format":false,"excerpt":"\r A quarter of people between 18 and 36 in the UAE own their own home - far lower than the global average but in line with national trends - a new survey has found.According to a report by HSBC that assessed the views of more than 9,000 people in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-so-many-chinese-millennials-can-afford-their-own-homes\/","url_meta":{"origin":92334,"position":1},"title":"Why so many Chinese millennials can afford their own homes","date":"April 11, 2017","format":false,"excerpt":"\r A survey has suggested that mainland China has the highest rate of home ownership among young people in several countries polled. 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