If there’s one thing that unites Singaporeans—besides our love for food and complaining about the weather—it’s our obsession with property. Whether it’s checking out new launch condos, discussing per-square-foot prices at family gatherings, or eyeing BTO application results like it’s the Toto draw, property talk is practically a national pastime. But why exactly are we so fixated on real estate? Let’s break it down in a lighthearted way.
From a young age, Singaporeans are subtly (or not-so-subtly) taught that owning property is the ultimate goal in life. Parents nudge us to think ahead: “Ah boy, must buy house early, if not prices go up!” With homeownership rates exceeding 90%, it’s almost expected that every Singaporean will eventually own a home. It’s less about if you’ll buy a house and more about when and where.
Singaporeans have an inbuilt fear of missing out, and property is no exception. The thought of seeing others secure a home at a “low” price while we hesitate? Unthinkable! This explains the overnight queues for BTO launches and the mad rush when a condo gets “good take-up rate.” The idea of getting ahead in the property game is as satisfying as snagging a $2 bubble tea promo.
For many, moving from an HDB to a condo is the ultimate flex. It’s the Singaporean version of “I’ve made it.” Whether it’s a resale executive apartment, an EC, or a luxury new launch, owning a private property is often seen as a status symbol. And if your condo has a lap pool and a gym? Even better. Cue the Instagram stories.
Unlike many other countries where renting is the norm, Singaporeans view property as both a home and an investment. “Buy first, rent out later” is a common strategy. From new launch condo investors to those snapping up properties near MRT lines, everyone wants to be a landlord. After all, passive income is king, right?
It doesn’t matter if we’re actively looking for a property or just browsing—checking property prices is like scrolling through Carousell for fun. “Eh, this condo last time only $1,200 psf, now $2,000 already!” or “That new launch ah, not worth it, the one beside cheaper.”
For young couples, discussing whether to apply for a BTO or get a resale flat is a major milestone—right up there with deciding where to eat for dinner. The pressure is real: Go for a resale flat and move in quickly, or wait 3-5 years for a shiny new BTO? Either way, property planning is a core part of the Singaporean relationship journey.
Singaporeans love deals, and property is no exception. Be it early bird discounts for new launch condos or HDB grants, we’re always looking for ways to get the best deal. It’s not just about buying property—it’s about getting a good deal on property.
At the end of the day, Singapore’s property obsession is deeply rooted in our culture, upbringing, and practical mindset. While we may sometimes take it to extremes (like refreshing URA transaction data daily), there’s no denying that real estate plays a huge role in shaping our lives and aspirations. So, the next time you catch yourself casually browsing condo listings “just for fun,” don’t worry—you’re not alone. It’s just the Singaporean way.
Happy house hunting! 🏡😉
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