25 Sep '15, 5am

#singapore #property Singles not affected by 2-room Flexi: The new 2-room Flexi Scheme

Comment E-mail to friend Bookmark & Share The new 2-room Flexi Scheme is unlikely to affect the chances of single applicants looking to get a new flat, reported The Straits Times , citing the Housing Board. The 2-room Flexi combines and replaces the previous studio and 2-room flat schemes. Of the combined supply, 40 percent in each Build-To-Order (BTO) project will be reserved for applicants aged 55 and above, announced Prime Minister Lee Hsien Loong during the recent National Day Rally. However, it wasn’t clear at the time what it meant for non-elderly single applicants, who were previously offered half of all new 2-room flats within non-mature estates. Responding to media queries, HDB explained that the remaining 60 percent and those not taken up by the elderly in non-mature estates would be split among families and non-elderly singles. This implies that at least 30 perc...

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

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