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RESIDENTIAL PROPERTY | Staff Reporter, Philippines
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Minimum age of 35 for singles to buy HDB flats remains: Minister Wong

Government more focused on building two-room flexi flats to meet growing demand by singles.

The minimum age of 35 for singles who want to buy HDB flats will not be changed, said National Development Minister Lawrence Wong as a response to MP Alex Yam.

“He mentioned that Singaporeans are marrying later. But marriage rates are still high among singles under the age of 35, so I would say that the age of 35 is still valid today,” Wong explained.

Meanwhile, Wong said they are now focusing on building more two-room flexi flats to meet its growing demand. He noted that more than 12,000 singles have already bought two-room flats and application rates for it are still high.

Alternatively, Wong said singles can opt to buy resale flats near their parents as it is more cost-efficient given the adjustments in the Proximity Housing Grant (PHG).

“Enhancements to the PHG will make this a more attractive option, because with the changes to the PHG as Members have recognised, we are giving a higher grant of $15,000 for singles who buy a resale flat to live with their parents. They are now also eligible for a $10,000 grant to buy a resale flat near their parents. I hope that this provides more options to singles in the resale market. Taken together with other housing grants, singles may now receive up to $60,000 in grants to buy a resale flat,” he explained.

Furthermore, Wong also announced that the Housing & Development Board (HDB) will launch 1100 Build-To-Order (BTO) flats this year.
 

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