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Singapore millennials favour investing in property

Singapore millennials favour investing in property.

Singapore’s millennials, defined as those who are currently between the ages of 25 and 34 years, favour investing in property as a means to achieve financial security.

But their satisfaction with rental yield is the lowest in Asia.

The latest Manulife Investor Sentiment Index (Manulife ISI) survey has found that more than two-thirds (68 per cent) of Singapore millennials aim to purchase local property, with two out of five intending to do so for investment purposes to generate rental income.

The latest Manulife ISI survey was conducted in September and October 2016, and was based on 500 online interviews in markets including Hong Kong, China, Taiwan and Singapore.

Respondents were middle-class to affluent investors aged 25 and above, who are the primary decision makers of financial matters in the household and currently have investment products.

Adapted from: The Business Times, 4 March 2017