Prime Minister Lee Hsien Loong addressed the increasing number of Malay households in rental flats during hig National Day Rally speech on 29 August.
He cited the Census 2020 survey, which indicated that the number of Malay households in rental flats have increased.
Lee said that there are some reasons for this trend; like say for example, there are some young married couples who are not ready to buy a flat yet but are seeking to live independently.
There are also those who have suffered sudden changes in their financial circumstances.
PM Lee also said:
“Home ownership is not merely about having a roof over your head. It is also for Singaporeans to secure a better future.
Hence we must help more households in rented flats recognise that renting is only a temporary housing solution, and to encourage them to stabilise their income so that they can move towards home ownership, and progress with the rest of society.”
Images source: Lee Hsien Loong Facebook and aware.org.sg