Singapore: Greater Housing Incentive for Singles who Reside with Aged Parents (March 5, 2008)
(Article in Chinese)
In Singapore, the Housing and Development Board will award a grant of S$20,000 to singles for first time purchase of a resale flat on the condition that they reside with their parents in the same flat. This amount is an increase from the current S$11,000.
At present, only singles above 35 years of age are allowed to purchase a government resale flat. Married people who live near or with their parents are entitled to a housing grant of S$40,000. This new measure will benefit both the elderly and their single children.
SOURCE: GAA
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