More Rental Housing Options Being Studied as Demand From Young Singaporeans Grows

“While home ownership remains a key tenet of Singapore’s social compact, we recognise that there is also demand for flexible accommodation options, such as by younger Singaporeans who are looking to rent initially before buying their own homes,” Minister Chee said. He stressed that home ownership remains a key part of Singapore’s social compact.

“Maybe not forever, but for that period before you buy a home. I think this is something that will enrich and give greater options, greater diversity to our housing market,” he added. The Government has worked with the private sector to explore a wider range of housing models, including long-stay serviced apartments which piloted in 2023. These were introduced to meet the increased demand for rental housing from Singaporeans and those who work and study here.

In July 2026, a new independent living initiative was announced under the SG Youth Plan. Under it, two private co-living operators will offer more than 100 subsidised rental units to people aged 21 to 35.

In his speech, Chee added that rejuvenating older estates should not mean leaving history and heritage behind. He cited Mber as an example. Located on a site previously occupied by Lim Tua Tow Market, Mber’s tiered architecture was designed to recall the two-storey market and shophouses that once stood on the site.

Today, Mber houses both private ensuite rooms and serviced apartments with shared spaces for socialising. Communal areas include dining, quiet rooms, game rooms and sky rooms for yoga and meditation. Other facilities include rooftop gardens, herb gardens, a dog run and an indoor-outdoor gym.

“Instead of choosing between preserving or changing our existing spaces entirely, we can balance both by honouring the history of these spaces through thoughtful and sensitive design during the redevelopment process,” Chee said. He also highlighted the role of housing developments in strengthening communities, noting that “urban development must revolve around our people and communities, and create spaces where people can meet, interact, and forge meaningful relationships.”