SINGAPORE - Younger couples who want to live with or near their parents may soon get more help, said National Development Minister Khaw Boon Wan as he mulls over measures to help them.
On the cards are possibly larger housing grants, more three- generation flats and even doing away with balloting completely, by giving them "absolute priority" when flats are balloted.
This is in addition to the larger grants and higher number of chances that they currently enjoy for buying resale and new flats respectively.
The likely new measures were disclosed by Mr Khaw in his blog yesterday, in which he revealed that there remains a sizeable number who are unable to live with or near their parents, even though they want to do so.
A Housing Board survey showed that the proportion of young couples who live with or near their parents increased from 31 per cent in 2003 to 37 per cent last year.
It still falls short of the 50 per cent who have expressed a desire to be near their parents, revealed Mr Khaw.
It is unclear why this remaining 13 per cent could not make the move, but he hinted that more would be done to help them. Larger grants could be an option, he said.
"We... provide a higher-tier CPF Housing Grant to eligible first-timers who buy an HDB resale flat with or in the same estate as their parents ($40,000 instead of $30,000). Should we widen the difference? Will this help more to live together or near their parents?" he asked.