0
0
MND Minister Khaw Boon Wan said that the application rates for the latest BTO Exercise show that married children still want to live with or near their parents.
He went on to explain that 1 in 3 applicants had applied under the enhanced Married Child Priority Scheme (MCPS) which allows applicants to have access to an exclusive MCPS quota if they apply for a flat near their parents.
Statistics from the MND showed that more than 123 had applied for 3Gen flats in Tampines. This demonstrated strong demand for flats where multi-generational families can live together.
With about 1,500 new units in Tampines North – the first housing project in the area – Mr Khaw also noted it is the largest offering in a mature estate in a long time, with the flat supply oversubscribed by more than 1.3 times.
Under the MCPS, 30% of all BTO flats and Sale of Balance flats will be put aside for applicants under the MCPS. Previously such applicants just received extra ballot chances.
“Our housing policies will continue to support strong family formation. Next year, as we celebrate SG50, MND will do even more to help extended families live close by…”
He also explained that next year, there will be another 360 3Gen flats introduced with married children and parents already living in Tampines being given priority for these flats when they are released.
“Our housing policies will continue to support strong family formation. Next year, as we celebrate SG50, MND will do even more to help extended families live close by,” said Khaw.
[plinker]
