14 Nov '13, 6am

3Gen flats warmly received, says Khaw - Property Auctions News, Property Investment | PropertyGuru

Mr Khaw noted that the launch of 3Gen flats has encouraged more Singaporeans to consider multi-generation living, which is a good sign. “We should continue to facilitate multi-generation living for Singaporeans who wish to do so,” he noted. HDB offered only 84 3Gen flats in the Yishun BTO exercise as they were unsure of demand. These flats were released together with 260 units of five-room flats to provide applicants with an alternative option in case all 3Gen flats were taken up when their turn came. The BTO exercise also recorded strong interest from second-timers upgrading to a bigger flat to live with their parents and accommodate their growing family. This group accounted for two-thirds of the 378 applicants from multi-generation families. Of the first-timer families, six in 10 are expecting or have young children below the age of 16, while one in 10 have no children....

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

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