Renting whole life vs buying a property in Singapore (assume you are single local below 35) which guy above ends up richer?

Definitely buying a property. When you rent, you are essentially throwing money into the pipeline of another person's asset base instead of your own. Buying a property is a long-term commitment. However when you eventually pay it off, it is yours to keep or to rent out to others, earning you even more money that can even give you back a part of what you paid for the property.

Hope this helps!​​​

Hi Anon, thanks for the question.

Special mention to Kenny for the detailed answer too.

More details are needed for a better, well rounded answer.

Most importantly, the questions to ask:

1) What is your end goal? In terms of finances, lifestyle, family?

2) How disciplined are you when it comes to budgeting and investing?

Renting and buying has both its pros and cons, and the answer will really depend on which compromise is more acceptable.

It may be a mixture of both, as Kenny has replied.

Wish you all the best!

I recommend you read up this book The Wealthy Renter. There are many benefits to renting that are not discussed. Owning is not all that rainbows and unicorns as it is painted to be, the costs are not that straightforward as compared to renting(taxes,maintenance,town council). When owning, the fees involved in buying and selling have to be considered too, even after fully paying your mortgage, the opportunity cost of not renting it out has to be considered as your 'loss' since if you're staying in it, you're the renter of your own apartment.

Short answer. The buyer always end up richer than the renter.
Simply because rental cost is an expense you'll never get back. When you buy, your capital paid is capital earned.