What does sex got to do with real estate in Singapore? Plenty. Having sex (read: procreating and getting married) means eligible Singaporeans get a head start in buying a property in terms of government grants amounting up to S$40, 000 (US$31, 531). That amount is quite a lot bearing in mind Singapore has one of the highest property prices and the top ten most expensive city to live in the world.
But what if you are single by default? Then, buying a property would then be very challenging unless you hold a high paying job. Singapore’s housing policies are structured around a wholesome mission that assumes everyone will eventually get married. While I understand the government’s objective of implementing such policies, I do think this is flawed and penalises singles unfairly. Full story
