15 Mar '11, 12am

What are the hard truths for singles living in S'pore. Our reader explains...

THERE are hard truths for singles living in Singapore. Take public housing, for example. Singles are eligible to buy resale flats from the open market only after they turn 35. The single's grant of $11,000 from the Government makes up only 4 per cent of the property value. For a couple buying a new three-room flat, the proportion of subsidy is at 18 per cent, and this does not include their savings due to the new flat's subsidised price. Singles have to service a larger housing loan on a single income. Aside from the fact that the upswing for property prices is a lot lower for resale flats than for new flats, singles do not qualify for additional tax reliefs, and are not entitled to benefits like child sick leave, maternal leave and so on. Singles are unfortunately also a group that is largely excluded from public policy considerations. Government statistics show that the ...

Full article: http://www.straitstimes.com/STForum/OnlineStory/STIStory_...

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