Residential

HDB pilots new multi-generation family flats

According to the Ministry of National Development and the Housing & Development Board, the government is piloting a new type of flat to house multi-generation families, the 3Gen flats. 3Gen flats will have an internal floor area of 115 sq m, four bedrooms and three bathrooms, and are slightly bigger than HDB five-room flats at 110 sq m. Applicants for 3Gen flats must form a multi-generation family with a married or courting couple and their parents. Subletting of rooms is not allowed during the five-year minimum-occupation period.

(Source: Business Times)

PRs may go after private homes following resale flat curbs

Permanent residents (PRs) are reported to be likely to have more demand for rental and private residential markets in the next three years, following tighter housing loan limits and restrictions on PRs for HDB flat purchases. Among the latest restrictions is a three-year ...