14 Feb '11, 10pm

HDB scraps sibling scheme

SINGAPORE - With immediate effect, unmarried Singaporean and permanent resident siblings under the age of 35 and whose parents live overseas can no longer buy a new or resale Housing & Development Board flat. The move was announced by Senior Minister of State for National Development and Education Grace Fu in Parliament yesterday, in response to questions by Marine Parade MP Lim Biow Chuan on the rationale of the previous scheme which allowed the two groups to do so, on a case-by-case basis with certain conditions attached. The HDB had said last month that the scheme was under review, following media reports about some Singaporeans' concerns. Ms Fu said yesterday that, with the liberalisation over the years of the subletting market for HDB flats, the Citizen-Singapore PR sibling scheme - introduced in 1990 - is no longer necessary. Said Ms Fu: "The sublet market (then) for...

Full article: http://www.todayonline.com/Singapore/EDC110215-0000192/HD...

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