26 May '14, 10am

ST: Possibly larger housing grants, more three- generation flats and even doing away with balloting completely...

A Housing Board survey showed that the proportion of young couples who live with or near their parents increased from 31 per cent in 2003 to 37 per cent last year. -- ST PHOTO: ALPHONSUS CHERN YOUNGER couples who want to live with or near their parents may soon get more help, said National Development Minister Khaw Boon Wan as he mulls over measures to help them. On the cards are possibly larger housing grants, more three- generation flats and even doing away with balloting completely, by giving them "absolute priority" when flats are balloted. This is in addition to the larger grants and higher number of chances that they currently enjoy for buying resale and new flats respectively. The likely new measures were disclosed by Mr Khaw in his blog yesterday, in which he revealed that there remains a sizeable number who are unable to live with or near their parents, even thoug...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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