Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220776
Title: HOME OWNERSHIP AS A DETERMINANT OF NUCLEAR FAMILY FORMATION IN SINGAPORE
Authors: VALENA JEANNE TRISHA DE GUZMAN
Keywords: Real Estate
RE
Alice Christudason
2015/2016 RE
Home Ownership
Nuclear Family Formation
Singapore
Issue Date: 6-May-2016
Citation: VALENA JEANNE TRISHA DE GUZMAN (2016-05-06). HOME OWNERSHIP AS A DETERMINANT OF NUCLEAR FAMILY FORMATION IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: With a greying population, Singapore is in danger of facing a lacklustre economy. One of the solutions is to encourage more nuclear family formations. In Singapore, a peculiar trend of “home first, marriage and family later” has emerged, implying that home ownership plays a decisive role in family formations. Therefore, this dissertation investigates the perceptions of home ownership as a determinant of nuclear family formations. Based on the literature, Singapore is inferred to have a culture of home ownership necessity, where a negative relationship between family formation and home ownership exists. This dissertation then aims to ascertain the existence of such culture. In addition, it explores other living options (temporary rental and parent-owned) for family formations. Lastly, it assesses the perceptions towards government support for home ownership. A quantitative research method was conducted through distribution of surveys to 302 respondents. Statistical methods such as t-tests, Pearson chi-square and correlation were employed for data analysis. From the data analysis, it was proven that the culture of home ownership necessity exists. Furthermore, parent-owned homes were preferred as an alternative living option. Ultimately, home ownership remains as the first choice. Lastly, respondents positively acknowledge the government support given towards home ownership. With the culture established, the results could have great implications towards housing policies. In countries experiencing higher fertilities, starting of an individual’s housing career is easier as rental market is more accessible and affordable. Possibly, Singapore could facilitate the inceptions of individuals’ housing careers by increasing the accessibility in the rental market.
URI: https://scholarbank.nus.edu.sg/handle/10635/220776
Appears in Collections:Bachelor's Theses

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