27 Mar '13, 6am

Allow younger singles to buy flats, says billionaire | | PropertyGuru | #sgproperty #singapore #hdb

Mar 27, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Nikki De Guzman : Billionaire Bhupendra Kumar Modi (pictured ) has urged Singapore's government to lower its 35-year-old ruling for singles to buy HDB flats, highlighting that it affects the country's birth rate, Bloomberg reported. Modi, who became a Singapore citizen in 2012, said lowering the age requirement to 25-years-old will encourage singles to pursue relationships and marry earlier, which in turn will boost the population and workforce. The Chairman of Spice Group plans to put forth this suggestion to the government through his Global Citizens Forum, which he set up this year to support youths around the world. “Most of the girls and boys these days would like to have sex before they marry,” he said. “There are no virgin marriages.” In recent years, one of Singapore's concerns has been...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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