hong kong apartment buildings — Hong Kong apartment buildings. Photo from Pexels.

‘So many S’poreans now co-living in HDB with 5 to 6 people in 1 unit!’ — Netizens react to high property prices

Netizens are reacting to news of co-living spaces becoming more common given the significant rise in property costs in Singapore.

In response to a news post reporting that the rise in the price of property in Singapore has caused more to explore the option of renting out a co-living space, some online users have started comparing Singapore with Hong Kong.

According to Boulevard.Co, more young Singaporeans are exploring the option of co-living. Even expats and business travellers are more open to the shared living space scheme.

Co-living companies like Hmlet, Cove Living, and Figment make the transition to co-living easier as their properties are already furnished. Some companies even offer cleaning services and utilities like wifi.

“So many co-living in HDB, condo…with five to six people in one unit!” wrote one netizen. “What has Singapore become?”

“Something has really gone wrong,” another said, contrasting Singapore from how it was in the time of its founding father, Lee Kuan Yew. “Lee Kuan Yew had the foresight and had laid out a feasible plan to ensure that everyone can afford their own homes during his era and continued then by GCT’s time. Why are we turning Singapore into Hong Kong? Property marketing and pushing up property markets. How long can this last? Just look at Hong Kong today. Is it still considered a good investment country?”

“Public housing screw up,” another commented. “The young cannot afford to buy so they need to rent.”