The average person moving from the city bought a home a record 63km outside it between January and June, according to a report from broker Hamptons International. That is about 10km farther than in 2019 and 65 per cent more than the typical first-time buyer.
"Four years on from the pandemic and many city workers have settled into a new normal when it comes to going into the office," said Ms Aneisha Beveridge, head of research at Hamptons. "In a bid to make their equity stretch further, movers continue to make longer distance moves out of the capital."
This story is from the August 27, 2024 edition of The Straits Times.
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This story is from the August 27, 2024 edition of The Straits Times.
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