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Singapore Millennials Prefer Property
Nearly a quarter own multiple homes in one of the world’s most expensive housing markets
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Singapore millennials aren’t all selfie-obsessed narcissists blowing their pay on avocado toast. More than half the city-state’s 21-36 year-olds already own a home, according to a HSBC Holdings Plc survey. What’s more, 24 percent of those own multiple properties -- exceeding baby boomers and Gen Xers -- despite living in one of the world’s most expensive housing markets, the survey of 1,000 Singaporeans found. The report shows Singapore millennials have “a very clear focus on future-proofing and investing,” said Anurag Mathur, head of retail banking and wealth management at HSBC Bank (Singapore).