Part 7/8:

Experts advise considering future growth potential and your long-term needs, such as whether to buy a three-room flat for now or a four/five-room flat suited for family expansion. Larger flats tend to appreciate more over time, and properties near good schools tend to retain or increase their value.

The Emotional and Non-Financial Aspects

Owning a home is not purely a financial decision. Many young adults consider non-financial factors essential, such as:

• The ability to call a place their own

• Building a community and social connections

• Achieving a sense of stability for future children

Some also prioritize living near preferred schools to facilitate their children’s education, which can sometimes influence rental options versus buying.