Nick Jonas Explains Why He’s Single — For Now

Nick Jonas isn’t looking to settle down anytime soon.

The singer opened up to PEOPLE about his dating life, saying he’s perfectly happy being single at the moment.

“It’s not that I’m not pursuing love in some sense, but I’m just too busy right now,” says Jonas. “The time that I do have, I want it to be fun and casual and light and a non-stressful thing. ”

And with both of his brothers in committed relationships, the Jumanji actor, 25, says there’s no pressure on him to get serious.

“The opposite!” he says. “I’m sure there will come a time when I’m ready to make a more serious commitment and be in a relationship like that but I’m thrilled to be able to keep things light at the moment.”

To hear more about Nick Jonas’ life and his new movie Jumanji, pick up the latest issue of PEOPLE, on newsstands Friday

But Jonas says he is still on cloud nine about his brother Joe’s big news. The DNCE singer, 28, and Sophie Turner, 21, announced their engagement in October with corresponding Instagram posts showing off her stunning engagement ring.

“I was very excited and anxious to hear from them on the day that I knew he ,” he says. “When I finally did, it was just the best.”

“I think they found their other half in each other and it’s a beautiful thing,” Jonas continued. “It’s rare in a lot of cases and when you see it happen it brings you an overwhelming sense of joy .”