The Singaporean dream has become an illusion – The Angry Ho

Updated: Jan 4, 2020

In the space of two days last week, I had near-identical conversations with two friends. Both were looking at real estate options, but refused to acknowledge their financial realities. Neither was particularly wealthy but both sought pricey districts. “I don’t think I could live in your area,” one of them said to my suggestion. He offered a long commentary on my estate compared with his expectations. 3 bedrooms, a balcony, an open kitchen. But he didn’t want, nor did he have the finances to fork out for it.

Another friend who has been contemplating buying an apartment for a decade decided she could only live in the Marine Parade area. She didn’t want a longer commute, and she wanted to live near the sea. But when she saw the prices, she balked. Meanwhile, she rants about exorbitant apartments even though every year’s delay only makes her future purchase more challenging.

I’ve written before about Singapore’s social policies that are developed with the dream family in mind. If you’re married, with two kids and one or two parents living with or near you, you’re the Singapore dream family. If like me, you’re single, living alone and marriage isn’t in the works anytime soon, you’re a Singaporean nightmare.